Acadia Healthcar Stock Price, News & Analysis

Acadia Healthcare Company has commenced construction on the Agave Ridge Behavioral Hospital in Mesa, Arizona. The facility, set to open in early 2024, will feature 100 beds dedicated to acute care behavioral health services, addressing a critical gap in Maricopa County, which currently has a shortage of 893 behavioral health beds. Local leaders, including Mayor John Giles, attended the groundbreaking ceremony, emphasizing the hospital's importance in offering comprehensive treatment for various mental health disorders. With over 1 million residents in Arizona facing mental health challenges, Acadia aims to enhance community support and resources.

Acadia Healthcare Company (NASDAQ: ACHC) announced participation in two investor conferences in March 2023. On March 7, Acadia will present at the Raymond James 44th Annual Institutional Investors Conference in Orlando, Florida, at 6:30 a.m. CT. The following day, March 8, Acadia will present at the Cowen 43rd Annual Health Care Conference in Boston, Massachusetts, at 9:30 a.m. CT. Live webcasts for both presentations will be available on Acadia's website, with a replay accessible for 30 days. Acadia operates 250 behavioral healthcare facilities across the U.S. and Puerto Rico, serving over 75,000 patients daily.

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.