Market Overview

Acadia Healthcare Completes Acquisitions of Behavioral Centers of America, AmiCare Behavioral Centers


Acadia Healthcare Company (NASDAQ: ACHC) today announced that it
completed the previously announced acquisitions of Behavioral Centers of
America, LLC and AmiCare Behavioral Centers on December 31, 2012. In
addition, Acadia has expanded and extended its senior secured credit
facility. The credit facility now consists of a $300 million term loan
and a $100 million revolving credit facility, compared previously with
$150 million and $75 million, respectively. In addition, the interest
rate for the credit facility, which matures in December 2017, is now 100
basis points lower at Libor plus 3.25%.

Borrowings under the new facility, combined with a portion of the net
proceeds of $173.0 million from the Company's recent sale of common

See full press release

Posted-In: News Guidance Contracts Management M&A


Related Articles (ACHC)

View Comments and Join the Discussion!