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Acadia Healthcare Company closes equity offering and underwriters' exercise of option to purchase additional shares

Tuesday, 17 Jun 2014 04:15pm EDT 

Acadia Healthcare CompanyInc:Says completion of an underwritten public offering of 8,886,363 shares of Acadia's common stock, reflecting 8,881,794 shares sold by Acadia and 4,569 shares sold by a selling stockholder.Included in the shares are 1,154,521 shares sold by Acadia and 4,569 shares sold by the selling stockholder pursuant to the underwriters' exercise in full of their option to purchase additional shares of common stock.Net proceeds of about $374.0 mln.Intends to use the net proceeds from the offering principally to fund its acquisition strategy, particularly the planned acquisition of Partnerships in Care and the fees and expenses related to the transaction, and otherwise for general corporate purposes.Says it did not receive any proceeds from the sale of shares by the selling stockholder.BofA Merrill Lynch, Jefferies LLC and Citigroup acted as joint book-running managers for the offering, and Raymond James & Associates, Inc., RBC Capital Markets, LLC, Avondale Partners, LLC, Robert W. Baird & Co. Incorporated and BMO Capital Markets Corp acted as co-managers. 

Company Quote

-2.31 -3.29%
5 May 2015