Press Release
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Acadia intends to use the proceeds from the offering to repay outstanding debt on the revolving line of credit under its existing amended and restated senior credit agreement, to fund its acquisition activity and for general corporate purposes. In connection with the offering, Acadia intends to grant to the underwriters a 30-day option to purchase up to an additional 675,000 shares of the common stock.
BofA Merrill Lynch,
This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities in any jurisdiction in which such offer, solicitation or sale is unlawful.
Forward-Looking Statements
This news release contains forward-looking statements. Generally words such as “may,” “will,” “should,” “could,” “anticipate,” “expect,” “intend,” “estimate,” “plan,” “continue,” and “believe” or the negative of or other variation on these and other similar expressions identify forward-looking statements. These forward-looking statements are made only as of the date of this news release. The Company does not undertake to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements are based on current expectations and involve risks and uncertainties.
About Acadia
Acadia is a provider of inpatient behavioral healthcare services. Acadia
operates a network of 208 behavioral healthcare facilities with
approximately 8,600 beds in 37 states, the
Source:
Acadia Healthcare Company, Inc.
Brent Turner, 615-861-6000
President