FRANKLIN, Tenn.--(BUSINESS WIRE)--Jan. 5, 2016--
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) (“Acadia” or the
“Company”) today announced a proposed underwritten public offering of
10,000,000 shares of its common stock.
Acadia intends to use the proceeds from the offering principally to fund
its acquisition strategy, particularly to fund a portion of the purchase
price for its planned acquisition of the Priory Group, a leading
provider of behavioral healthcare services in the United Kingdom, and
the fees and expenses related to the transaction. In connection with the
offering, Acadia intends to grant to the underwriters a 30-day option
to purchase up to an additional 15% of its common stock issued in the
offering.
BofA Merrill Lynch and Jefferies LLC are acting as joint book-running
managers for the offering. The offering is subject to market conditions,
and there can be no assurance as to whether or when the offering may be
completed, or as to the actual size or terms of the offering. The shares
of common stock are being offered pursuant to the Company’s shelf
registration statement on file with the Securities and Exchange
Commission. The offering is made solely by means of a prospectus
supplement and accompanying prospectus, copies of which may be obtained
by contacting: (i) BofA Merrill Lynch, 222 Broadway, New York, New York
10038, Attn: Prospectus Department or by e-mail at dg.prospectus_requests@baml.com
or (ii) Jefferies LLC, Attention: Equity Syndicate Prospectus
Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by
e-mail at Prospectus_Department@Jefferies.com
or by telephone at (877) 821-7388.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy these securities, and shall not
constitute an offer, solicitation or sale 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 258 behavioral healthcare facilities with more
than 9,900 beds in 39 states, the United Kingdom and Puerto Rico. Acadia
provides psychiatric and chemical dependency services to its patients in
a variety of settings, including inpatient psychiatric hospitals,
residential treatment centers, outpatient clinics and therapeutic
school-based programs.
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Source: Acadia Healthcare Company, Inc.
Acadia Healthcare Company, Inc.
Brent Turner, 615-861-6000
President