Acadia Healthcar Stock Price, News & Analysis

Acadia Healthcare Company (ACHC) reported a robust fourth quarter for 2022 with revenue of $675.3 million, a 13.8% increase from the previous year. Net income reached $61.1 million or $0.67 per diluted share. The company opened new facilities and added 290 beds in 2022, with plans for 300 more beds in 2023. Acadia expects 2023 revenue between $2.82 to $2.88 billion and adjusted EBITDA between $635 to $675 million. A conference call discussing these results is scheduled for February 28, 2023.

Acadia Healthcare Company (NASDAQ: ACHC) will announce its Q4 and year-end 2022 results on February 27, 2023, post-market. A conference call will follow on February 28, 2023, at 8:00 a.m. ET, available via live broadcast on its website. As of November 30, 2022, Acadia operated 246 facilities with approximately 10,800 beds across 39 states and Puerto Rico, making it the largest standalone behavioral healthcare provider in the U.S. With over 22,500 employees, Acadia serves about 75,000 patients daily across various treatment settings.

Bronson Healthcare and Acadia Healthcare Company have appointed Deb Rozewicz, RN, as CEO of the new Bronson Behavioral Health Hospital in Battle Creek, Michigan. The 96-bed facility, scheduled to open mid-year, aims to enhance access to quality behavioral healthcare in southwest Michigan. Rozewicz will oversee recruitment, training, and clinical programming for the hospital. Previously the Clinical Project Director for Behavioral Health at Bronson, she has extensive experience in healthcare services. The hospital will provide comprehensive inpatient services for mental health disorders, transitioning staff from the existing Fieldstone Center.

Acadia Healthcare Company (NASDAQ: ACHC) will present at the 41st Annual J.P. Morgan Healthcare Conference from January 9-12, 2023, in San Francisco, California. The company’s presentation will be webcast live on January 10, 2023, starting at 2:15 p.m. PT. It will also be available on Acadia’s website for replay for 30 days. As of November 30, 2022, Acadia operates 246 behavioral healthcare facilities across 39 states and Puerto Rico, providing services to approximately 75,000 patients daily, making it the largest stand-alone behavioral healthcare company in the U.S.

Acadia Healthcare Company (NASDAQ: ACHC) has appointed Laura Groschen as its new Chief Information Officer (CIO). With over 25 years of experience, including significant roles at Medtronic and United Health Group, Groschen will lead Acadia’s IT strategy to enhance digital transformation in behavioral health services. CEO Chris Hunter expressed confidence in her ability to drive innovation. Acadia operates 246 facilities with approximately 10,800 beds in 39 states and Puerto Rico, serving 75,000 patients daily, making it the largest stand-alone behavioral healthcare company in the U.S.

Acadia Healthcare Company (NASDAQ: ACHC) hosted its first Investor Day on December 7, 2022, in New York City. The management team shared insights into Acadia's behavioral healthcare services, growth strategy, and financial outlook. The company reaffirmed its 2022 guidance and provided initial guidance for 2023, estimating revenue between $2.79 billion and $2.86 billion, with Adjusted EBITDA projected at $630 million to $680 million. CEO Chris Hunter emphasized the strong demand for services and the company’s commitment to expanding market reach.

Maple Heights Behavioral Health, a joint venture between Acadia Healthcare and Lutheran Health Network, opened its doors in Fort Wayne, Indiana. The 120-bed facility will provide inpatient mental healthcare for adults and seniors, addressing issues such as anxiety and depression. Construction began in 2021, and the hospital is set to complete regulatory certifications in the coming month. Community leaders expressed support for the new services aimed at bridging gaps in mental health care.

Acadia Healthcare has launched four new Comprehensive Treatment Centers (CTCs) in Georgia, enhancing its outpatient care services for adults dealing with opioid addiction. The facilities provide medication-assisted treatment (MAT) and therapy to support recovery, following the recent acquisition from Brand New Start Treatment Centers. Located in Cumming, Loganville, Dallas, and Woodstock, the CTCs aim to combat the opioid epidemic, operating Monday-Saturday with comprehensive care options. Acadia remains a leader in behavioral healthcare, managing 242 facilities across the U.S.