Acadia Healthcar Stock Price, News & Analysis

Acadia Healthcare Company, Inc. (NASDAQ: ACHC) will release its Q3 2020 earnings on October 29, 2020, after market close. A conference call for institutional investors is scheduled for October 30, 2020, at 9:00 a.m. ET, with a live webcast available on their website. As of June 30, 2020, Acadia operates 589 behavioral healthcare facilities with about 18,200 beds across 40 states, the UK, and Puerto Rico, providing a range of behavioral healthcare services.

Acadia Healthcare Company (ACHC) announced the pricing of a private offering totaling $475 million in senior notes with a 5.000% interest rate, due 2029. The offering aims to close on October 14, 2020, and proceeds will be used to prepay existing loan borrowings and for general corporate purposes. The notes are offered only to qualified institutional buyers and are not registered under the Securities Act. Acadia operates 589 behavioral healthcare facilities with approximately 18,200 beds across various regions.

Acadia Healthcare Company (NASDAQ: ACHC) has announced plans to relaunch the sale process for its U.K. business, previously suspended due to COVID-19 market conditions. CEO Debbie Osteen emphasized the goal of maximizing shareholder value during this renewed effort. As of June 30, 2020, Acadia operated 589 facilities with approximately 18,200 beds across various locations. The company cautioned that forward-looking statements are subject to risks, including economic instability from the pandemic and Brexit-related uncertainties.

Acadia Healthcare Company (NASDAQ: ACHC) announced the launch of a private offering of senior notes due 2029, subject to market conditions. The net proceeds will be used to prepay borrowings under the Term Loan B facility and for general corporate purposes. The offering is limited to qualified institutional buyers and is not registered under the Securities Act. The company, a leading provider of behavioral healthcare services, operates 589 facilities across 40 states, the UK, and Puerto Rico, providing a variety of behavioral health services.

Covenant Health and Acadia Healthcare have announced the groundbreaking of East Tennessee Behavioral Health, a new inpatient behavioral health hospital in Knoxville, set to open in fall 2021. This joint venture aims to address the growing need for mental health services in the region. The facility will cater to adults, seniors, and adolescents facing mental health issues and substance use disorders. Executives emphasized the importance of this project in enhancing community health care resources.

Acadia Healthcare has partnered with Cordico to enhance wellness support for first responders through the Cordico Wellness App. This collaboration provides first responders with access to Acadia's educational resources and allows easy contact with its Treatment Placement Specialists for mental health and addiction services. Acadia operates 588 behavioral healthcare facilities across 40 states, the UK, and Puerto Rico, highlighting its significant presence in the industry.

Acadia Healthcare Company, Inc. (NASDAQ: ACHC) will announce its second quarter 2020 earnings on August 4, 2020, post-market. A conference call for investors is scheduled for August 5, 2020, at 9:00 a.m. ET. Investors can listen to the live broadcast on Acadia's website, with a replay available until August 19, 2020. As of March 31, 2020, Acadia operates 588 behavioral healthcare facilities with approximately 18,200 beds across the U.S., U.K., and Puerto Rico, providing comprehensive behavioral health and addiction treatment services.

Acadia Healthcare Company (NASDAQ: ACHC) announces the opening of Tower Behavioral Health, a new behavioral health facility in Reading, Pennsylvania, starting patient intake on July 14, 2020. This facility will initially feature a general psychiatric unit for adults, expanding to include services for children and adolescents in 2021. Tower Behavioral Health aims to provide comprehensive inpatient and outpatient services, addressing mental health issues such as anxiety, PTSD, and substance use disorders.

Acadia Healthcare (ACHC) announced a joint venture with Covenant Health to establish a new 90-bed behavioral health hospital in Knoxville, Tennessee, set to start construction in late 2020. This facility aims to address the growing demand for mental health services, with an additional capacity for 48 beds planned. It will provide comprehensive treatment for a range of mental health disorders and serve as a hub for integrated care. The partnership underscores a commitment to improving access to high-quality behavioral healthcare in the region, responding to a national shortage of mental health resources.