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.
February 1, 2016
10:05 EDTACHCOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Acadia (ACHC) initiated with an Overweight at KeyBanc... Altisource Residential (RESI) initiated with a Neutral at Nomura... Colony Starwood Homes (SFR) initiated with a Buy at Nomura... EyeGate (EYEG) initiated with a Buy at Rodman & Renshaw... Fortinet (FTNT) initiated with an Outperform at Northland... Halozyme (HALO) initiated with a Buy at Canaccord... Lendingtree (TREE) initiated with an Outperform at Northland... Lindblad Expeditions (LIND) initiated with an Outperform at Credit Suisse... Summit Therapeutics (SMMT) initiated with a Buy at Canaccord... VolitionRx (VNRX) initiated with a Buy at Rodman & Renshaw.
06:32 EDTACHCAcadia initiated with an Overweight at KeyBanc
Target $85.

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