UBS Raises Price target on Acadia Healthcare (ACHC) Following Announced Priory Group Acquisition
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Acadia Healthcare Announces Pricing of Offering of 10,000,000 Shares of Common Stock
January 6, 2016 8:23 PM ESTFRANKLIN, Tenn.--(BUSINESS WIRE)-- Acadia Healthcare Company, Inc. (NASDAQ: ACHC) (Acadia or the Company) today announced the pricing of its previously announced underwritten public offering of 10,000,000 shares of common stock at a public offering price of $61.00 per share, for gross proceeds to the Company of $610 million, before the underwriting discount and offering expenses. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock at the public offering price less the underwriting discount. Acadia intends to use the proceeds from the offering principally to fund... More
Acadia Healthcare Announces Proposed Offering of 10,000,000 Shares of Common Stock
January 5, 2016 5:04 PM ESTFRANKLIN, Tenn.--(BUSINESS WIRE)-- Acadia Healthcare Company, Inc. (NASDAQ: ACHC) (Acadia or the Company) today announced a proposed underwritten public offering of 10,000,000 shares of its common stock.
Acadia intends to use the proceeds from the offering principally to fund its acquisition strategy, particularly to fund a portion of the purchase price for its planned acquisition of the Priory Group, a leading provider of behavioral healthcare services in the United Kingdom, and the fees and expenses related to the transaction. In connection with the offering, Acadia intends to grant to the underwriters a... More
