Acadia Healthcare Completes Previously Announced Acquisitions of Behavioral Centers of America and AmiCare Behavioral Centers

Wed Jan 2, 2013 6:50am EST

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Expands and Extends Senior Secured Credit Facility
FRANKLIN, Tenn.--(Business Wire)--
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced that it completed
the previously announced acquisitions of Behavioral Centers of America, LLC and
AmiCare Behavioral Centers on December 31, 2012. In addition, Acadia has
expanded and extended its senior secured credit facility. The credit facility
now consists of a $300 million term loan and a $100 million revolving credit
facility, compared previously with $150 million and $75 million, respectively.
In addition, the interest rate for the credit facility, which matures in
December 2017, is now 100 basis points lower at Libor plus 3.25%. 

Borrowings under the new facility, combined with a portion of the net proceeds
of $173.0 million from the Company`s recent sale of common stock, were used to
fund the BCA and AmiCare acquisitions. Acadia currently has no borrowings under
the revolving credit facility. 

"We are very pleased to have closed 2012 with two significant acquisitions,
which together bring eight inpatient psychiatric facilities and over 600
licensed inpatient beds to Acadia," remarked Brent Turner, President of Acadia.
"In addition, our amended credit facility and equity financing position us well
to continue implementing our acquisition strategy in 2013." 

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 42 behavioral health facilities with over 3,100 licensed
beds in 21 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 

Copyright Business Wire 2013