Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  WAUD CAPITAL PARTNERS III, L.L.C.
 2. Date of Event Requiring Statement (Month/Day/Year)
10/31/2011		 3. Issuer Name and Ticker or Trading Symbol
Acadia Healthcare Company, Inc. [ACHC]
(Last)
(First)
(Middle)
WAUD CAPITAL PARTNERS, LLC, 300 N. LASALLE STREET, SUITE 4900		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

CHICAGO, IL 60654		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common stock, par value $0.01 per share 4,269,837
I (1) (2) (3)
Held directly by Acadia Healthcare Holdings, LLC

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
WAUD CAPITAL PARTNERS III, L.L.C.
WAUD CAPITAL PARTNERS, LLC
300 N. LASALLE STREET, SUITE 4900
CHICAGO, IL 60654		     X    
WAUD CAPITAL PARTNERS MANAGEMENT III, L.P.
WAUD CAPITAL PARTNERS, LLC
300 N. LASALLE STREET, SUITE 4900
CHICAGO, IL 60654		     X    
WAUD CAPITAL PARTNERS III, L.P.
WAUD CAPITAL PARTNERS, LLC
300 N. LASALLE STREET, SUITE 4900
CHICAGO, IL 60654		     X    
WAUD CAPITAL PARTNERS QP III, L.P.
WAUD CAPITAL PARTNERS, LLC
300 N. LASALLE STREET, SUITE 4900
CHICAGO, IL 60654		     X    
WCP FIF III (ACADIA), L.P.
WAUD CAPITAL PARTNERS, LLC
300 N. LASALLE STREET, SUITE 4900
CHICAGO, IL 60654		     X    
WAUD CAPITAL AFFILIATES III, L.L.C.
WAUD CAPITAL PARTNERS, LLC
300 N. LASALLE STREET, SUITE 4900
CHICAGO, IL 60654		     X    

Signatures

Waud Capital Parters III, L.L.C., by /s/ Reeve B. Waud, its manager 10/31/2011
**Signature of Reporting Person Date
Waud Capital Partners Management III, L.P., by Waud Capital Partners III, L.L.C., its general partner, by /s/ Reeve B. Waud, its manager 10/31/2011
**Signature of Reporting Person Date
Waud Capital Partners III, L.P., by Waud Capital Partners Management III, L.P., its general partner, by Waud Capital Partners III, L.L.C., its general partner, by /s/ Reeve B. Waud, its manager 10/31/2011
**Signature of Reporting Person Date
Waud Capital Partners QP III, L.P., by Waud Capital Partners Management III, L.P., its general partner, by Waud Capital Partners III, L.L.C., its general partner, by /s/ Reeve B. Waud, its manager 10/31/2011
**Signature of Reporting Person Date
WCP FIF III (Acadia), L.P., by Waud Capital Partners Management III, L.P., its general partner, by Waud Capital Partners III, L.L.C., its general partner, by /s/ Reeve B. Waud, its manager 10/31/2011
**Signature of Reporting Person Date
Waud Capital Partners Affiliates III, LLC., by Waud Capital Partners Management III, L.P., its general partner, by Waud Capital Partners III, L.L.C., its general partner, by /s/ Reeve B. Waud, its manager 10/31/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Reeve B. Waud is a member of the board of managers of Acadia Healthcare Holdings, LLC ("Holdings"). Mr. Waud is also the manager of Waud Capital Partners III, L.L.C. ("Waud III LLC") and a member of the limited partner committee of Waud Capital Partners Management III, L.P. ("WCPM III"). Waud III LLC is the general partner of WCPM III. WCPM III is the general partner of Waud Capital Partners III, L.P. ("WCP III"), Waud Capital Partners QP III, L.P. ("Waud QP III") and WCP FIF III (Acadia), L.P. ("WCP FIF III"). WCPM III is also the manager of Waud Capital Affiliates III, L.L.C. ("Waud Affiliates III"). As a result each of Waud III LLC, WCPM III, WCP III, Waud QP III, WCP FIF III and Waud Affiliates III may be deemed to share beneficial ownership of the reported securities.
(2) Holdings will distribute shares of Acadia Healthcare Company, Inc. common stock to its members, which include certain of the reporting persons, in respect of their ownership interests prior to the merger of Acadia Healthcare Company, Inc. and PHC, Inc. After such distribution, the reported shares will be owned of record as follows: (i) 424,848 shares by WCP III; (ii) 2,402,453 shares by Waud QP III; (iii)1,054,368 shares by WCP FIF III; and (iv) 388,167 shares by Waud Affiliates III.
(3) Each of the reporting persons expressly disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.
 
Remarks:
The reporting persons set forth are members of a "group" with the Reeve B. Waud 2011 Family Trust, Waud Family Partners, L.P.,
Waud Capital Partners II, L.L.C., Waud Capital Partners Management II, L.P., Waud Capital Partners II, L.P., Waud Capital Partners
QP II, L.P., WCP FIF II (Acadia), L.P., and Waud Capital Affiliates II, L.L.C.  The Form 3's for such other entities are filed separately.

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