My Watchlist

Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Recs

0

Acadia Healthcare Closes $258 Million Acquisition

By | More Articles
January 2, 2013 | Comments (0)

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

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.

Jeff Fischer and team have demystified options. And they can rack up income like $1,030... $2,626... and $3,228 on a schedule you can set your watch by!
That's why we're glad to announce every single one of their closely guarded strategies is available to YOU during May and June – 100% FREE, no strings attached! Just enter your email address in the box below...

Fool contributor Rich Smith and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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.

Compare Brokers

Fool Disclosure

DocumentId: 2176005, ~/Articles/ArticleHandler.aspx, 5/20/2013 11:16:03 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...

Today's Market

updated Moments ago Sponsored by:
DOW 15,365.22 10.82 0.07%
S&P 500 1,669.55 2.08 0.12%
NASD 3,504.61 5.64 0.16%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

5/20/2013 10:54 AM
ACHC $34.31 Down -0.06 -0.18%
Acadia Healthcare… CAPS Rating: **

Advertisement