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Acadia Healthcare Company Inc. (ACHC) delivers essential behavioral health services through inpatient psychiatric hospitals, residential treatment centers, and outpatient clinics nationwide. This news hub provides investors and industry professionals with authoritative updates on ACHC's operational developments, financial performance, and strategic initiatives.
Key resources include earnings announcements, partnership disclosures, facility expansion updates, and regulatory filings. Our curated feed ensures timely access to material events affecting this specialized healthcare provider, from new treatment program launches to leadership changes.
Monitor critical updates including patient care innovations, acquisition activity, and compliance developments in the behavioral health sector. Bookmark this page for consolidated access to ACHC's official communications and third-party analysis of market-moving events.
Acadia Healthcare Company (NASDAQ: ACHC) has announced a joint venture with Tufts Medicine to establish a new 144-bed behavioral health hospital in Malden, Massachusetts. The facility aims to enhance access to vital inpatient behavioral health services, supported by an investment exceeding $65 million. This new hospital will cater to patients of all ages and will also serve as a teaching hospital for Tufts University students. The joint venture marks Acadia's 17th partnership and underscores its commitment to addressing mental health care needs in the community.
Acadia Healthcare Company (NASDAQ: ACHC) announces the appointment of R. David Kelly as an independent director on its Board of Directors. Kelly brings over 35 years of experience in financial advisory and real estate development. He founded StraightLine Realty Partners and previously held significant positions at Goldman Sachs and Trammell Crow Company. His extensive background includes serving as chairman of the $197B Teacher’s Retirement System of Texas. Acadia aims to leverage Kelly's expertise to enhance strategic investments and growth in behavioral healthcare services.
Acadia Healthcare Company (NASDAQ: ACHC) announced its participation in two major healthcare conferences in May 2022. On May 11, it will present at the BofA Securities 2022 Healthcare Conference in Las Vegas at 3:20 p.m. PT. Later, on May 24, it will speak at the UBS Global Healthcare Conference in New York at 2:00 p.m. ET. The live presentations will be accessible via webcast on its website, with replays available for 30 days. Acadia, a leading behavioral healthcare provider, operates 238 facilities across the U.S. and Puerto Rico, serving 70,000 patients daily.
Acadia Healthcare Company (ACHC) announced its Q1 2022 financial results, reporting a revenue of $616.7 million, an 11.9% increase year-over-year. Same facility revenue also rose by 8.6%, supported by a 6.2% increase in revenue per patient day. Net income reached $60.8 million, or $0.67 per diluted share. The company is expanding its facilities, adding 28 beds and planning for over 300 beds in total this year. Acadia affirmed its 2022 guidance, projecting revenue between $2.55 to $2.60 billion.
Acadia Healthcare Company (ACHC) will release its first quarter 2022 results on May 3, 2022, post-market. A conference call for investors and analysts is scheduled for 9:00 a.m. ET on May 4, 2022, with a live broadcast available on their website. As of December 31, 2021, Acadia operates 238 facilities with approximately 10,500 beds across 40 states and Puerto Rico, serving around 70,000 patients daily. Acadia is the largest stand-alone behavioral health provider in the U.S.
Southcoast Behavioral Health in Dartmouth, Massachusetts, is expanding its child and adolescent behavioral health program, increasing its bed capacity from 144 to 192 beds. This expansion, set for completion in the first half of 2023, marks the second increase since the hospital's opening in 2015. The new capacity will help the hospital become the second largest behavioral health facility in the state, addressing growing community needs. The program aims to deliver comprehensive care for a wide range of behavioral health disorders to patients of all ages.
Acadia Healthcare Company (ACHC) announced strong financial results for Q4 and full-year 2021, with revenue reaching $593.5 million, a 10.7% increase from Q4 2020. Adjusted EBITDA was $156.1 million, down slightly from the previous year. Net income was $70.3 million, compared to a significant loss in Q4 2020. The company expects 2022 revenue between $2.55 and $2.60 billion and plans to open new facilities, including a 60-bed children's hospital in Chicago. Acadia maintains strong liquidity with $133.8 million in cash as of year-end 2021.
Acadia Healthcare Company (NASDAQ: ACHC) will release its fourth quarter and year-end 2021 results on February 28, 2022, post-market. A conference call for institutional investors is scheduled for March 1, 2022, at 9:00 a.m. ET, with a live broadcast available on their website. Acadia operates 238 behavioral healthcare facilities, offering around 10,500 beds across 40 states and Puerto Rico, serving approximately 70,000 patients daily with over 22,500 employees.
Acadia Healthcare Company (NASDAQ: ACHC) will present virtually at the 40th Annual J.P. Morgan Healthcare Conference from January 10-13, 2022. The presentation is scheduled for January 12 at 4:30 p.m. ET, and a live webcast will be hosted on the company’s website at www.acadiahealthcare.com. A replay will be accessible for 30 days following the event. As of September 30, 2021, Acadia operates 230 facilities with approximately 10,200 beds across the U.S. and Puerto Rico, serving around 70,000 patients daily.
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