Acadia Healthcare Company, Inc. ACHC announced Wednesday, 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 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
See full press release
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