Welcome to our dedicated page for Acadia Healthcare Company news (Ticker: ACHC), a resource for investors and traders seeking the latest updates and insights on Acadia Healthcare Company stock.
Acadia Healthcare Company, Inc. (ticker: ACHC) stands as a leading provider of behavioral healthcare services across the United States, the United Kingdom, and Puerto Rico. The company operates a robust network of 253 behavioral healthcare facilities, with approximately 11,300 beds servicing more than 75,000 patients daily. With a committed workforce of about 23,500 employees, Acadia specializes in delivering psychiatric and chemical dependency services through various settings, including inpatient psychiatric hospitals, residential treatment centers, outpatient clinics, and therapeutic school-based programs.
Core Services and Operations
Acadia's core business focuses on providing comprehensive care for children, teenagers, and adults suffering from mental health disorders and/or substance use issues. The company’s operations are divided into inpatient and outpatient behavioral health services. The acute inpatient psychiatric facilities and specialty treatment centers generate the majority of Acadia's revenue in the U.S., primarily funded by Medicaid and commercial payors. In the United Kingdom, most revenue is derived from healthcare facilities, with payments predominantly received from the National Health Service (NHS).
Recent Developments and Achievements
Acadia is continually expanding its reach and capabilities. Recent noteworthy projects include:
- Joint Ventures: A collaboration with Ascension Seton to develop a 106-bed expansion at Cross Creek Hospital in Austin, Texas, boosting the facility's licensed bed count to 196 by late 2024. Similar joint ventures are ongoing with other top healthcare providers like Orlando Health, Henry Ford Health, and Tufts Medicine.
- New Facilities: New facilities have been inaugurated, such as the 100-bed Agave Ridge Behavioral Hospital in Mesa, Arizona, and specialty centers like Sabal Palms Recovery Center near Tampa, Florida.
- Acquisitions: Acadia recently acquired three comprehensive treatment centers in North Carolina, enhancing its capacity to treat opioid use disorders through medication-assisted treatment combined with counseling and behavioral therapies.
- Financial Performance: For the year ending December 31, 2023, Acadia reported a revenue of $742.8 million for Q4, marking a 10% increase over the previous year. The company also plans to add approximately 1,200 new beds in 2024, reflecting its aggressive growth strategy.
Strategic Partnerships and Growth Strategy
Acadia's strategic vision includes expanding its continuum of care via facility expansions, de novo facilities, joint ventures, acquisitions, and extending care options. These initiatives are designed to meet the escalating demand for high-quality behavioral health services. The company's financial robustness, with substantial cash reserves and low leverage ratios, ensures ongoing investments in growth and operational enhancements.
Community Impact and Future Outlook
Acadia Healthcare is not just about providing care; it’s about creating a sustainable future for behavioral health. The company's focus on quality, community partnerships, and clinical excellence positions it as a pivotal entity in the healthcare sector, addressing critical mental health and substance abuse issues across diverse populations.
Acadia Healthcare Company (NASDAQ: ACHC) will publish its first-quarter 2023 results on April 26, 2023, after market close. A conference call for analysts is scheduled for April 27, 2023, at 9:00 a.m. ET. Acadia operates 250 facilities with around 11,000 beds across 39 states and Puerto Rico, serving over 75,000 patients daily. Employing 23,000 staff, it stands as the largest standalone behavioral healthcare provider in the U.S.
The live broadcast of the conference call will be accessible on their website for 30 days.
Geisinger and Acadia Healthcare have appointed Kelly Ankenbrand as CEO of the new Geisinger Behavioral Health Center Northeast in Moosic, Pennsylvania, effective March 6. Ankenbrand succeeds Jenna Pacini, who will lead another Acadia hospital. This 96-bed facility aims to address the mental health care needs of the community, highlighted by the fact that 1 in 5 U.S. adults experience mental illness yearly. The hospitals, supported by a joint venture, are set to enhance inpatient behavioral health services in Pennsylvania, with a second facility planned in Danville.
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
FAQ
What is the current stock price of Acadia Healthcare Company (ACHC)?
What is the market cap of Acadia Healthcare Company (ACHC)?
What services does Acadia Healthcare offer?
How many facilities does Acadia Healthcare operate?
What recent joint ventures has Acadia Healthcare announced?
What are the key highlights of Acadia Healthcare's financial performance?
Who are the primary payors for Acadia's services in the United States?
How does Acadia Healthcare support patients with opioid use disorders?
What is the scope of Acadia Healthcare's recent facility expansions?
What strategic growth pathways is Acadia Healthcare pursuing?
How many patients does Acadia Healthcare serve daily?
What is the significance of Acadia Healthcare's partnerships with educational institutions?
