FRANKLIN, Tenn. -- With its shares trading around their highest prices in 15 years, Acadia Healthcare Co. on Wednesday registered an offering of up to $200 million in stock.
Acadia provides inpatient behavioral health care services, and it said it has no immediate plans to sell stock. The company said the registration gives it flexibility to take advantage of financing opportunities. Company shareholders also registered offerings of up to 18.5 million shares.
Shares of Acadia have more than doubled in value in 2012, closing at $22.54 Tuesday after ending 2011 at $9.97. On Oct. 1 the stock rose to $24.83, its highest price in more than 15 years.
In morning trading Acadia Healthcare stock gained 7 cents to $22.61.