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Stock Market & Financial Investment News

News Breaks
July 2, 2014
07:05 EDTACHCAcadia Healthcare completes PiC acquisition for $662M
Acadia Healthcare announced that it completed the previously announced acquisition of Partnerships in Care for approximately $662M in cash. For 2013, PiC produced revenue of approximately $285M and adjusted EBITDA of approximately $75M. Acadia expects that the transaction will be accretive to its FY14 earnings in a range of 17c-18c per diluted share, before transaction-related expenses. The purchase was financed through a combination of equity and long-term debt. On June 17, Acadia closed an underwritten public offering of its common stock, which provided net proceeds to the company of approximately $374M. On July 1, Acadia closed a private offering of $300M in aggregate principal amount of its 5.125% senior unsecured notes due 2022 pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended. Based primarily on the impact of the PiC acquisition, Acadia raised its guidance for FY14 adjusted EPS to a range of $1.44-$1.46. The company’s guidance does not include the impact of any future acquisitions or transaction-related expenses. FY14 EPS consensus $1.36.
News For ACHC From The Last 14 Days
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October 31, 2014
06:56 EDTACHCAcadia price target raised to $70 from $60 at Cantor
Cantor increased its price target on Acadia after the company reported stronger than expected Q3 results, raised its guidance, and announced the acquisition of CRC which the firm applauded. Cantor identifies Acada as its top pick in the health care facilities and services sector and keeps a Buy rating on the shares.
06:12 EDTACHCAcadia upgraded to Buy from Hold at Deutsche Bank
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October 30, 2014
07:36 EDTACHCAcadia shares should hit mid-$60s over next year, says Jefferies
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07:31 EDTACHCAcadia Healthcare acquisition positive, says RBC Capital
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October 29, 2014
16:05 EDTACHCAcadia Healthcare announces agreement for acquisition of CRC Health Group
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16:04 EDTACHCAcadia Healthcare raises FY14 adjusted EPS view to $1.52-$1.53 from $1.44-$1.46
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16:03 EDTACHCAcadia Healthcare reports Q3 adjusted EPS 46c, consensus 41c
Reports Q3 revenue $294.5M, consensus $284.13M.
October 22, 2014
10:09 EDTACHCOn The Fly: Analyst Initiation Summary
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06:43 EDTACHCAcadia Healthcare initiated with a Buy at UBS
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October 20, 2014
07:15 EDTACHCAmerican Academy of Child & Adolescent Psychiatry to hold annual meeting
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