Acadia Healthcare to price public offering of 8,333,333 common shares

Jefferies and Citigroup are bookrunners; proceeds fund acquisitions

By Devika Patel

Knoxville, Tenn., Nov. 23 - Acadia Healthcare Co., Inc. plans to price a public sale of stock, according to a Form S-1 filed Wednesday with the Securities and Exchange Commission. The deal will have a 30-day greenshoe.

The company will sell 8,333,333 common shares at a price to be determined. The greenshoe will consist of 1.25 million shares.

Jefferies and Citigroup are the joint bookrunning managers.

Proceeds will be used for the company's acquisition strategy, general corporate purposes, debt repayment and to invest in bonds or other debt.

Acadia is a Franklin, Tenn.-based inpatient behavioral health care services provider.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.