Acadia Healthcar Stock Price, News & Analysis

Acadia Healthcare has entered into a joint venture with SCL Health to expand behavioral health services. This partnership aims to address the increasing demand for mental health treatment for all ages in the community. The collaboration includes building a new facility, with plans for a transitional management agreement to ensure continuity of care. The new behavioral health hospital is expected to open in mid-2023, affirming both organizations' commitment to improving access to high-quality mental health services.

Acadia Healthcare (NASDAQ: ACHC) has announced a joint venture with SCL Health to establish a new 144-bed behavioral health hospital in the Denver area of Colorado. This facility aims to enhance access to inpatient and outpatient behavioral health services, addressing growing community needs. The hospital is expected to open in mid-2023, marking Acadia's first location in Colorado. With this new partnership, Acadia aims to further its mission of providing comprehensive care to those in need.

Acadia Healthcare Company (NASDAQ: ACHC) has partnered with Orlando Health to enhance behavioral health services in Orlando. This joint venture aims to expand inpatient and outpatient programs, improve community outreach, and develop psychiatric strategies. CEO Debbie Osteen emphasized that this marks Acadia's 14th partnership and allows for greater service in one of the U.S.'s fastest-growing cities. Acadia will manage the behavioral health program at Orlando Health South Seminole Hospital, strengthening its presence in the region.

Orlando Health and Acadia Healthcare Company have formed a joint venture aimed at enhancing behavioral health services in Central Florida. This collaboration will lead to the expansion of inpatient and outpatient programs, improved community outreach, and the introduction of comprehensive psychiatric strategies. Acadia will manage the behavioral health program at Orlando Health South Seminole Hospital, as both organizations strive to meet the growing demand for behavioral health services in the region.

Acadia Healthcare Company and Bronson Healthcare held a groundbreaking ceremony for a new Behavioral Health Hospital in Battle Creek, Michigan. This 96-bed facility, part of a joint venture, aims to enhance access to behavioral health services in the region. Scheduled to open in early 2023, the hospital will provide comprehensive treatment for mental health issues including anxiety, depression, and PTSD. The initiative reflects a commitment to address the growing demand for mental health care in southwest Michigan.

Scripps Health and Acadia Healthcare are partnering to establish a new 120-bed inpatient behavioral health hospital in Chula Vista, California, approved by the Chula Vista Planning Commission. This facility aims to address the significant shortage of behavioral health beds in San Diego County, which currently has only half of the approximately 1,650 beds needed. Set to open in 2025, the hospital will cater to adults, adolescents, seniors, and military veterans, contributing to the community's urgent need for mental health care support.

Acadia Healthcare Company reported third quarter 2021 revenue of $587.6 million, up from $548.0 million in Q3 2020. Adjusted EBITDA reached $141.9 million, an increase from $116.0 million year-over-year. Net income attributable to stockholders was $66.1 million or $0.73 per diluted share, compared to $37.0 million or $0.42 in the previous year. Despite challenges from Hurricane Ida and COVID-19, same facility revenue rose 7.9%. The company also announced plans to expand its facilities and services to meet growing demand for behavioral health treatment.

Acadia Healthcare Company (NASDAQ: ACHC) has appointed J.L. Osei Mevs as Vice President of Government Relations. Mevs brings over 20 years of expertise in government relations and public policy, formerly serving as President of Maxx Content and in senior roles at the American Hospital Association and LifePoint Health. His appointment aims to enhance Acadia's advocacy for behavioral healthcare support amidst increasing demand for services. Acadia operates 229 facilities, serving approximately 70,000 patients daily, making it a leader in U.S. behavioral healthcare.

Acadia Healthcare Company (NASDAQ: ACHC) has appointed David M. Keys as Chief Development Officer to drive mergers & acquisitions and expansion efforts. Keys brings nearly two decades of healthcare services experience, notably in investment banking and advisory roles. He aims to leverage his expertise to enhance Acadia's growth strategy, focusing on behavioral health services amidst increasing demand. Acadia operates 229 facilities across the U.S. and Puerto Rico, employing over 20,000 staff and serving around 70,000 patients daily.