New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
September 2, 2015
07:04 EDTACHCAcadia completes three acquisitions in the U.K.
Acadia Healthcare Company announced that it has completed three acquisitions in the United Kingdom, bringing a total of six inpatient behavioral health facilities with 149 beds to Partnerships in Care, the company's U.K. operation. These facilities generate approximately $35M in annual revenue and are expected to contribute 4c-5c per diluted share in annual accretion. With the completion of these transactions, PiC now operates 52 inpatient facilities with over 2,000 beds.
September 1, 2015
10:05 EDTACHCOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 8point3 Energy (CAFD) initiated with an Equal Weight at Barclays... AMAG Pharmaceuticals (AMAG) initiated with an Outperform at Raymond James... Acadia (ACHC) initiated with an Outperform at Leerink... Acorda Therapeutics (ACOR) initiated with a Market Perform at Raymond James... Alexion (ALXN) initiated with a Strong Buy at Raymond James... Amedisys (AMED) initiated with an Outperform at Wells Fargo... Amgen (AMGN) initiated with a Market Perform at Raymond James... Amplify Snack Brands (BETR) initiated with a Neutral at Credit Suisse... BioMarin (BMRN) initiated with an Outperform at Raymond James... Biogen (BIIB) initiated with a Strong Buy at Raymond James... Celgene (CELG) initiated with a Strong Buy at Raymond James... CoreLogic (CLGX) initiated with a Neutral at SunTrust... Digi International (DGII) initiated with an Overweight at Stephens... First Solar (FSLR) initiated with an Overweight at Barclays... LHC Group (LHCG) initiated with an Outperform at Wells Fargo... Lancaster Colony (LANC) initiated with a Buy at BB&T... McCormick (MKC) initiated with a Buy at BB&T... NephroGenex (NRX) initiated with a Buy at H.C. Wainwright... Omega Protein (OME) initiated with a Hold at BB&T... Preferred Apartment (APTS) initiated with an Outperform at FBR Capital... Qorvo (QRVO) initiated with an Outperform at CLSA... Regeneron (REGN) initiated with an Outperform at Raymond James... Skyworks (SWKS) initiated with an Outperform at CLSA... SunPower (SPWR) initiated with an Equal Weight at Barclays... TESARO (TSRO) initiated with a Strong Buy at Raymond James... Ultragenyx (RARE) initiated with an Outperform at Raymond James... VEREIT (VER) initiated with a Buy at Goldman... Westmoreland (WLB) initiated with an Outperform at BMO Capital.
07:23 EDTACHCAcadia initiated with an Outperform at Leerink
Subscribe for More Information
August 25, 2015
09:26 EDTACHCRBC Capital to hold a bus tour
Healthcare Bus Tour travels throughout Nashville, TN to visit with various healthcare companies on August 25-26.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use