Acadia Healthcar Stock Price, News & Analysis

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.

Acadia Healthcare Company (NASDAQ: ACHC) will release its Q3 2021 financial results on October 28, 2021, after market close. A conference call for institutional investors and analysts is scheduled for October 29, 2021, at 9:00 a.m. ET. Acadia operates 229 behavioral healthcare facilities across 40 states and Puerto Rico, with about 10,100 beds, serving around 70,000 patients daily.

The Board of Directors of Acadia Healthcare Company (NASDAQ: ACHC) announced CEO Debbie Osteen's retirement, effective January 31, 2022. Osteen will assist in the transition and remain on the Board. During her tenure, Acadia expanded its operations, acquiring 14 facilities and adding over 1,000 beds, while divesting its U.K. operations to focus on the U.S. market. Acadia's stock price increased by approximately 125%, adding about $3.3 billion in shareholder value. The Board has initiated a search for a new CEO to continue its strategic growth plan.

Acadia Healthcare highlights its commitment to suicide prevention during National Suicide Prevention Month. The company, recognized as the largest stand-alone behavioral health provider in the U.S., emphasizes the need for accessible resources in the wake of alarming suicide statistics. In 2019, nearly 50,000 individuals died by suicide, with significant impacts on youth. Acadia collaborates with The Jason Foundation and The Hayden Hurst Family Foundation to enhance awareness and prevention efforts. For support, Acadia's national helpline is available at 1-833-873-2824.

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.