Acadia Healthcare Closes $258 Million Acquisition

On Wednesday, Acadia Healthcare (NASDAQ: ACHC  ) confirmed that last month's announced purchase of Nashville-based Behavioral Centers of America and Fayetteville, Ark.-based AmiCare Behavioral Centers for a combined $258 million has closed successfully.

Together, the acquisitions give Franklin, Tenn.-based Acadia a presence in Ohio for the first time, expanding the company's business into what is now 21 states. With the two new companies come eight inpatient psychiatric facilities with 600 beds, and more than $122 million in annual revenues.

In today's statement, Acadia noted that it has expanded and extended its senior secured credit facility, which now consists of a $300 million term loan and a $100 million revolving credit facility, or roughly twice the previous figures. On the plus side, the company noted that the new loans come with a lower interest rate of "LIBOR plus 3.25%."

Acadia shares rose 4% on the news, to $24.28.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2176005, ~/Articles/ArticleHandler.aspx, 10/31/2014 8:53:01 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement