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.
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.
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.