Acadia Healthcare Company Inc (ACHC)

[mlkrborn]

AGAIN ANOTHER ONE proposed! $22.83 today.
Acadia Healthcare announces proposed offering of 9,576,624 shares of common stock (ACHC) 22.83 : Co will be offering 6 mln shares of common stock and selling stockholders will be offering 3,576,624 shares of common stock. Acadia intends to use the proceeds from this offering principally to fund its acquisition strategy, particularly the planned acquisitions of Behavioral Centers of America, LLC and AmiCare Behavioral Centers, LLC, and otherwise for general corporate purposes, which may include the repayment of debt under its senior secured credit facility. Acadia will not receive any proceeds from the sale of shares by the selling stockholders. BofA Merrill Lynch, Citigroup and Jefferies & Company, Inc. are acting as joint book-running managers for the offering, and Raymond James & Associates, Inc., RBC Capital Markets, LLC and Avondale Partners, LLC are acting as co-managers.