Acadia Healthcare Company Inc Completes Previously Announced Acquisition of Three Acute Inpatient Psychiatric Facilities with 166 Beds ; Increases Senior Secured Credit Facility by $70 Million

Acadia Healthcare Company Inc announced that it has completed the previously announced acquisition of three inpatient psychiatric hospitals from Haven Behavioral Healthcare for $91 million in cash. The facilities, with an aggregate of 166 acute inpatient psychiatric beds and total revenues of $43.4 million for the 12 months ended December 31, 2011, are located in Tucson, Arizona, Wichita Falls, Texas, and Ada, Oklahoma. Acadia also announced a $70 million expansion of its senior secured credit facility, which matures April 1, 2016. The increase consisted of a $25 million addition to facility’s term loan, which has a principal balance of approximately $155 million, and a $45 million addition to the facility’s revolving line of credit to a total of $75 million. Availability under the revolving line of credit is approximately $70 million.