Acadia Healthcare Announces Underwriters` Exercise of Option to Purchase Additional Shares

Wed Dec 26, 2012 8:35am EST

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FRANKLIN, Tenn.--(Business Wire)--
Acadia Healthcare Company, Inc. ("Acadia" or the "Company") (NASDAQ: ACHC) today
announced the sale of additional shares of common stock pursuant to the
underwriters` exercise in full of their option to purchase additional shares
related to the Company`s previously announced registered public offering of
10,576,623 shares that closed December 12, 2012. In exercising this option, the
underwriters purchased an additional 1,050,000 shares of common stock from the
Company and an additional 533,153 shares of common stock from certain of the
selling stockholders, collectively, all at the public offering price less
underwriting discounts and commissions. 

Acadia received approximately $173.0 million in net proceeds from the offering,
after deducting underwriting discounts and commissions and estimated expenses of
the offering, including approximately $22.7 million from the exercise of the
underwriters` option. Acadia expects to use the net proceeds from the offering
principally to fund its acquisition strategy, particularly the planned
acquisitions of Behavioral Centers of America, LLC and AmiCare Behavioral
Centers, LLC, and otherwise for general corporate purposes, which may include
the repayment of debt under its senior secured credit facility. Acadia did not
receive any proceeds from the sale of shares by the selling stockholders. 

BofA Merrill Lynch, Citigroup and Jefferies & Company, Inc. acted as joint
book-running managers for the offering, and RBC Capital Markets, Raymond James &
Associates, Inc. and Avondale Partners, LLC acted as co-managers. The offering
was made only by means of a written prospectus, copies of which may be obtained
by contacting: BofA Merrill Lynch, 222 Broadway, New York, New York 10038, Attn:
Prospectus Department or email: dg.prospectus_requests@baml.com; Citigroup, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717
(tel: 800-831-9146) or email: BATProspectusdept@citi.com; or from Jefferies &
Company, Inc., 520 Madison Ave., 12th Floor, New York, NY 10022, Attn: Equity
Syndicate Prospectus Department or telephone (877) 547-6340 or email
Prospectus_Department@Jefferies.com. The shares of common stock were sold
pursuant to the Company`s existing effective shelf registration statement on
file with the Securities and Exchange Commission. The final prospectus may also
be obtained on the Securities and Exchange Commission`s website at
http://www.sec.gov. 

This press release shall not constitute an offer to sell or a solicitation of
any offer to buy, nor shall there be any sale of these securities in any state
or jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or jurisdiction. 

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 and Acadia`s future results could differ significantly from
those expressed or implied by the forward-looking statements. 

About Acadia

Acadia is a provider of inpatient behavioral health care services. Acadia
operates a network of 34 behavioral health facilities with approximately 2,500
licensed beds in 20 states. 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.

Acadia Healthcare Company, Inc.
Brent Turner, 615-861-6000
President 



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