Full Press Release Details
Acadia Healthcare Announces Proposed Offering
of 10,000,000 Shares of Common Stock
FRANKLIN, Tenn. January 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.
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.