Acadia Healthcar Stock Price, News & Analysis

Geisinger and Acadia Healthcare have announced the groundbreaking of the Geisinger Behavioral Health Center Northeast in Moosic, Pennsylvania, set to open in fall 2022. This 96-bed facility represents a $40 million investment aimed at addressing the rising demand for behavioral health services in the region. The center will cater to adults, children, and adolescents facing mental health challenges. This initiative is part of a broader effort, with plans for a similar facility in Danville, expected to create approximately 200 new jobs by 2024.

Acadia Healthcare and Lutheran Health Network of Indiana held a groundbreaking ceremony for the Maple Heights Behavioral Health facility in Fort Wayne, Indiana, on August 5, 2021. This new 120-bed inpatient facility, set to open in the first half of 2022, represents a $45 million investment aimed at addressing the urgent need for accessible mental health services in the region. The facility will cater to adults, seniors, and adolescents struggling with various mental health disorders, offering a full continuum of inpatient and outpatient care.

Acadia Healthcare Company (NASDAQ: ACHC) reported a strong second quarter for 2021, with revenues of $582.2 million, up from $491.5 million in Q2 2020. Adjusted EBITDA rose by 25.2% to $141.3 million, and net income increased to $44.5 million or $0.49 per diluted share. The company expanded its capacity with 86 new beds and opened a new facility in Cincinnati, Ohio. Acadia anticipates 2021 revenues between $2.28 billion and $2.32 billion, reflecting a positive outlook on behavioral health service demand.

Acadia Healthcare Company (NASDAQ: ACHC) will announce its Q2 2021 earnings on August 2, 2021, post-market. A conference call for investors is scheduled for August 3, 2021, at 9:00 a.m. ET. Acadia operates 228 behavioral healthcare facilities across the U.S. and Puerto Rico, with around 10,000 beds and over 20,000 employees, serving approximately 70,000 patients daily. The company is recognized as the largest stand-alone behavioral health provider in the U.S., offering services in various settings including inpatient, residential, and outpatient care.

Acadia Healthcare (ACHC) has announced a joint venture with Bronson Healthcare to build a new 96-bed behavioral health facility in Battle Creek, Michigan. This facility aims to meet the increasing demand for accessible behavioral health services in the region, addressing conditions like anxiety and PTSD. Expected to open in early 2023, the comprehensive inpatient services will enhance care quality for adults in southwest Michigan. Acadia currently operates 228 facilities nationwide, serving approximately 70,000 patients daily, and this partnership expands its treatment network significantly.

Bronson Healthcare and Acadia Healthcare Company announced a joint venture to build a 96-bed inpatient behavioral health facility in Battle Creek, Michigan. This $35 million investment, addressing the need for accessible behavioral health services, will feature a full continuum of care for conditions like anxiety, depression, and PTSD. Groundbreaking is set for this fall, with the facility expected to open in early 2023. The partnership aims to enhance care delivery by integrating physical and mental health services.

Acadia Healthcare Company (NASDAQ: ACHC) will participate in the Jefferies Virtual Healthcare Conference from June 1 to June 4, 2021. A live webcast of their presentation is scheduled for June 2, 2021, at 11:00 a.m. Eastern Time, available on their website.

Acadia operates 228 behavioral healthcare facilities with approximately 10,000 beds across 40 states and Puerto Rico, serving around 70,000 patients daily. They are the largest stand-alone behavioral health company in the U.S.

Acadia Healthcare Company (NASDAQ: ACHC) will participate in two virtual healthcare conferences. The first is the BofA Securities 2021 Healthcare Conference on May 13, 2021, at 10:15 a.m. ET. The second is the RBC Capital Markets Global Healthcare Conference on May 19, 2021, at 11:30 a.m. ET. Live webcasts will be available on the Company’s website, with replays accessible for 30 days. Acadia is a leading provider of behavioral healthcare in the U.S., operating 228 facilities with approximately 10,000 beds, and serving about 70,000 patients daily.

Acadia Healthcare Company (ACHC) reported a revenue increase of $551.2 million for Q1 2021, up from $509.2 million in Q1 2020. Adjusted EBITDA rose to $119.5 million from $96.7 million. However, net income decreased to $9.7 million ($0.11 per share) compared to $33.5 million ($0.38 per share) in the prior year. Same-facility revenue grew by 7.4%, and Acadia expanded operations, adding 92 beds and opening two treatment centers. The company expects revenue guidance for 2021 to be between $2.24 billion and $2.29 billion.