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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 (NASDAQ: ACHC) celebrated the 'Every Bite A Battle' program at its Timberline Knolls Residential Treatment Center in Lemont, Illinois. This initiative highlights the success stories of alumnae overcoming eating disorders, anxiety, depression, and trauma through transformative portraits. The campaign underscores the complex nature of eating disorders and the daily victories over related mental health challenges. Heather Seiler, an alumna, shared her journey of overcoming her struggles with the support of professionals and loved ones. Acadia Healthcare's Chief Marketing Officer, Mark Palmenter, emphasized that the project aligns with Acadia's mission to 'Lead Care with Light' and aims to inspire others facing similar challenges.
Acadia Healthcare (NASDAQ: ACHC) announced its participation in the 2024 Leerink Partners Healthcare Crossroads Conference. The event will take place from May 28 to May 30, 2024, at the Omni Barton Creek Resort & Spa in Austin, Texas.
There will be an online webcast of Acadia's presentation available on the company's website at 9:20 a.m. Central Time on May 29, 2024. The webcast will be accessible through the 'Investors' section of the website, and a replay will be available for 30 days.
Geisinger and Acadia Healthcare held a groundbreaking ceremony for the construction of a new state-of-the-art, 96-bed behavioral health hospital in Danville, Pennsylvania. The hospital, set to open in spring 2025, will offer inpatient, outpatient, and ECT treatment programs, addressing the need for high-quality behavioral health services in central Pennsylvania and serving adult, pediatric, and adolescent patients.
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) will participate in the BofA Securities Health Care Conference in Las Vegas, Nevada on May 14-16, 2024. The Company's presentation will be webcast on their website at 6:20 p.m. CT / 4:20 p.m. PT on May 14th, 2024, with a replay available for 30 days.
Acadia Healthcare reported solid financial results for the first quarter of 2024 with revenue totaling $768.1 million, a 9.1% increase year-over-year. Same facility revenue increased by 9.2%, net income was $76.4 million, adjusted EBITDA was $173.9 million, and adjusted EBITDA margin was 22.6%. The company affirmed its full year 2024 guidance with revenue expected to range between $3.18 to $3.25 billion and adjusted EBITDA between $730 to $770 million.
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