Acadia Healthcare Company, Inc. reports developments tied to its national behavioral healthcare services business. The company owns and operates acute inpatient psychiatric facilities, specialty treatment facilities, comprehensive treatment centers, residential treatment centers and outpatient behavioral health clinics serving communities in the United States and Puerto Rico.
Recurring news for ACHC includes quarterly operating results, same-facility revenue, patient days, admissions, revenue per patient day, adjusted EBITDA guidance and performance across its facility categories. Company updates also cover facility network changes, investor conference participation, board composition, executive leadership transitions and operational initiatives in behavioral healthcare and recovery services.
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.
Harris Williams announces the successful sale of CenterPointe Behavioral Health System to Acadia Healthcare Company. CenterPointe, a leading provider of inpatient and outpatient behavioral health services, has a strong reputation in the Midwest. This transaction highlights the growing interest in healthcare investments, particularly in behavioral health. Acadia, operating over 230 facilities across the U.S., aims to expand its services with this acquisition. NaviMed Capital, Health Enterprise Partners, and Siguler Guff were integral in CenterPointe’s growth.
Acadia Healthcare (NASDAQ: ACHC) has successfully acquired CenterPointe Behavioral Health System, Missouri's largest behavioral healthcare provider. This strategic acquisition enhances Acadia's service offerings and expands its footprint in key markets.
The deal includes four inpatient hospitals and several outpatient locations, funded through cash and credit. Acadia expects immediate financial accretion, improved operational scale, and enhanced patient care services, especially for veterans. This move aligns with Acadia's disciplined growth strategy and commitment to meet rising behavioral health demands.
Acadia Healthcare Company (NASDAQ: ACHC) has successfully acquired real estate for three non-operational facilities in Chicago, Illinois. This includes a 60-bed children's hospital, a 101-bed adult hospital, and an outpatient facility. Acadia plans to invest in infrastructure improvements and expects to open the children's hospital and outpatient facility in summer 2022, with the adult hospital following in early 2023. This step addresses the growing need for behavioral health services in Chicago and aligns with Acadia's strategic focus on expanding its presence in underbedded markets.
Acadia Healthcare (ACHC) has announced a joint venture with Fairview Health Services to build a new inpatient mental health and addiction facility in Minnesota's Twin Cities' East Metro. This project will feature 144 inpatient beds and represents a significant investment of over $50 million, aimed at improving access to mental health services in the region. With the growing demand for advanced behavioral healthcare, this facility will enhance the quality of care provided and is designed to create a therapeutic environment for patients.
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.