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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 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.