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 (NASDAQ: ACHC) has formed a joint venture with Lutheran Health Network of Indiana to establish a new behavioral health hospital in Fort Wayne, Indiana. This collaboration aims to improve access to quality behavioral health services addressing rising local demands. Set to open in Spring 2022, the facility will have 120 beds for treating adults, seniors, and adolescents with mental health disorders. Acadia, the largest stand-alone behavioral healthcare provider in the U.S., operates 227 facilities nationwide and serves about 70,000 patients daily.
Acadia Healthcare Company (ACHC) reported Q4 2020 revenue from continuing operations of $541.3 million, up from $501.2 million in Q4 2019. However, the company faced a net loss of $783.7 million, significantly higher than the $11.3 million loss in the same quarter last year, mainly due to a loss on the sale of its U.K. operations. Acadia expects 2021 revenue between $2.23 billion and $2.28 billion. The company reported strong U.S. same facility revenue growth of 7.6% and added numerous facilities, reflecting a commitment to expanding services.
Acadia Healthcare Company (NASDAQ: ACHC) will participate in the Raymond James 42nd Annual Institutional Investors Conference from March 1-3, 2021. An online webcast of its presentation will be accessible on March 2 at 2:10 p.m. ET. Attendees are encouraged to visit Acadia's website at least 15 minutes prior to the event to prepare. Acadia operates 227 behavioral healthcare facilities with about 9,900 beds across 40 states and Puerto Rico, serving roughly 70,000 patients daily, making it the largest stand-alone behavioral health provider in the U.S.
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) will release its fourth quarter and year-end 2020 results on February 25, 2021, post-market close. A conference call for analysts and investors is scheduled for February 26, 2021, at 10:00 a.m. ET, which will be accessible via their website. Acadia is the largest stand-alone behavioral health provider in the U.S., operating 227 facilities with approximately 9,900 beds across 40 states and Puerto Rico, serving around 70,000 patients daily.
Adventist Health Vallejo has agreed to sell its hospital and behavioral health services to Acadia Healthcare (NASDAQ: ACHC) to enhance care in Solano County. Acadia, a prominent provider in the behavioral healthcare sector, plans to invest in the facility, maintaining its current staff to ensure continuity in care. The transaction, expected to be finalized by mid-2021 pending regulatory approvals, aims to strengthen the quality of mental health services in the community. Both organizations envision expanding offerings, leveraging Acadia’s expertise and commitment to integrated care.
Acadia Healthcare Company (NASDAQ: ACHC) announced a definitive agreement to sell its U.K. operations to Waterland Private Equity for approximately £1,078 million. This transaction is expected to yield about $1,350 million for Acadia, net of costs and currency liabilities. The deal, involving The Priory Group, is projected to close in January 2021. CEO Debbie Osteen stated the sale aims to maximize stockholder value, with proceeds earmarked for debt reduction and operational purposes, while Acadia continues to focus on mental health and substance use treatment in the U.S.
Henry Ford Health System and Acadia Healthcare have established a joint venture to create a modern behavioral health facility in Detroit, aimed at meeting the rising demand for mental health services. The project, which will be built on land already owned by Henry Ford, is set to open in late 2022 and will feature 192 beds. The hospital will consolidate services from two aging facilities and provide comprehensive inpatient treatment for various mental health disorders. This partnership reflects a commitment to accessible, high-quality care in a region experiencing an increase in mental health challenges.
Acadia Healthcare Company (NASDAQ: ACHC) will participate in the Credit Suisse 29th Annual Virtual Healthcare Conference from November 9-12, 2020. A fireside chat is scheduled for November 11, 2020, at 11:45 a.m. ET. Investors can access the live webcast via the Company’s website, with a replay available for two weeks post-event. Acadia operates 582 behavioral healthcare facilities across 40 states, the UK, and Puerto Rico, providing services in various settings, including inpatient hospitals and outpatient clinics.
Acadia Healthcare Company (NASDAQ: ACHC) has appointed Michael J. Fucci as an independent director on its Board, expanding the Board to nine members, eight of whom are independent. Fucci, former Chairman Emeritus of Deloitte U.S., brings extensive experience in governance, organizational strategy, and risk mitigation. His leadership is expected to enhance Acadia's growth strategy. Fucci will support Acadia in addressing increasing demand for behavioral healthcare services, particularly attributed to challenges from the COVID-19 pandemic.
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.