Acadia Healthcare Company, Inc. -- Moody's: Acadia Healthcare's acquisition of PiC not likely to impact ratings

New York, June 05, 2014 -- Moody's Investors Service commented that the announcement that Acadia Healthcare Company, Inc. has signed a definitive agreement to acquire Partnerships in Care (PiC), a provider in inpatient behavioral healthcare services in the United Kingdom, for approximately $660 million will not likely impact the ratings, including Acadia's B1 Corporate Family Rating. While Moody's understands that Acadia has received committed financing for the full amount of the purchase price, the company has indicated that it will seek a combination of equity and long term debt financing. Therefore, Moody's does not expect that debt to EBITDA will exceed 5.0 times, even if the transaction is fully debt funded. However, consideration will also be given to risks associated with the transformational acquisition that will increase Acadia's scale and move operations into an international market.

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