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Acadia Healthcare (ACHC -3.2%) trades down after pricing its 10.5M share offering at $22.50 per...

Acadia Healthcare (ACHC -3.2%) trades down after pricing its 10.5M share offering at $22.50 per share, a 1.5% discount to yesterday's close. The company intends to use the proceeds to fund its acquisition strategy, particularly the planned acquisitions of Behavioral Centers of America and AmiCare Behavioral Centers. BofA Merrill Lynch, Citigroup and Jefferies all acted as joint book-runners for the offering.
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