Acadia Healthcare (ACHC) Completes Two Acquisitions, Expands Facility

January 2, 2013 6:51 AM EST
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.

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