Shares of Acadia Healthcare Company, Inc. (ACHC) declined 9.4% since it reported first-quarter 2024 earnings on May 1. The results were hurt by a decline in admissions, which remain the most significant contributor to a healthcare facility operator’s top line. Additionally, an elevated expense level resulting from higher salaries, wages and benefits led to the downside as well. Nevertheless, improved patient days provided some respite to its revenues while sustained demand for behavioral health services and ...

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Patrick Feeley - Head, Investor Relations Chris Hunter - Chief Executive Officer Heather Dixon - Chief Financial Officer Conference Call Participants Scott Fidel - Stephens Whit Mayo - Leerink Partners Brian Tanquilut - Jefferies Andrew Mok - Barclays Ben Hendrix - RBC Capital Markets A.J. Rice - UBS John Ransom - Raymond James Pito Chickering - Deutsche Bank Operator Good day, and welc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-35331 Acadia Healthcare Company, Inc. (Exact name of registrant as specified in its charter) Delaware ...

Acadia Healthcare (ACHC) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5%. A quarter ago, it was expected that this provider of inpatient behavioral health care services would post earnings of $0.80 per share when it actually produced earnings of $0.85, delivering a surprise of 6.25 ...

Exhibit 99 ACADIA HEALTHCARE REPORTS FIRST QUARTER 2024 RESULTS, AFFIRMS FULL YEAR 2024 GUIDANCE FRANKLIN, Tenn. (May 1, 2024) – Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced financial results for the first quarter ended March 31, 2024. First Quarter Highlights ● Revenue totaled $768.1 million, an increase of 9.1% over the first quarter of 2023 ● Same facility revenue increased 9.2% compared with the first quarter of 2023, including an increase in revenue per patient day of 6.9% and an incr ...

Acadia Healthcare Company, Inc. (ACHC) recently inaugurated its new acute care hospital in Mesa, AZ. The new facility, Agave Ridge Behavioral Hospital, is equipped with 100 beds. Once the hospital concludes its final preparations to become fully operational, admissions of patients are expected to commence.This new facility will provide a comprehensive suite of inpatient behavioral healthcare services for treating the adult, older adult and pediatric patient populace grappling with acute symptoms of bipolar ...

Acadia Healthcare Company, Inc. (ACHC) is well positioned for growth on the back of improving patient volumes, admissions, commercial business and growing demand for behavioral health and substance use treatments. The company is actively bolstering its capabilities to address the increasing demand in these critical areas.Acadia Healthcare, with a market capitalization of $7 billion, operates as a prominent behavioral healthcare services provider in the United States and Puerto Rico. With solid prospects, th ...

Acadia Healthcare Company, Inc. (ACHC) initiated a groundbreaking collaboration with Uber Health to address the critical issue of access to behavioral health care and addiction treatment. By leveraging Uber's transportation services, Acadia aims to streamline the process for patients, ensuring they can commence treatment promptly and efficiently.Enhancing Treatment AccessibilityThe primary focus of this collaboration is on Acadia's network of Comprehensive Treatment Centers (CTCs), which specialize in medic ...

Core Insights - Acadia Healthcare Company, Inc. has recently acquired three comprehensive treatment centers in North Carolina, enhancing its footprint in the state [1][2][3] - The newly acquired centers will provide medication-assisted treatment programs combined with behavioral therapy and support services for opioid addiction [1][2] - Acadia Healthcare's revenue from comprehensive treatment centers reached $500.2 million in 2023, reflecting a 19.1% year-over-year increase, and these centers accounted for 17% of the company's overall revenue [4] Expansion Strategy - The acquisition aligns with Acadia's strategy to expand its presence in North Carolina, where it now operates 10 centers, and aims to open up to 14 additional centers in 2024 [2][4] - The company is also involved in joint ventures with U.S. health systems to add approximately 800 beds through new and existing facilities in 2024 [4] Market Context - The ongoing opioid use disorder crisis is expected to sustain demand for Acadia's treatment centers, indicating a favorable market environment for the company's services [2][4] - Acadia's stock performance has been less favorable compared to the industry, with shares rising 8.9% over the past six months, while the industry saw a growth of 36.1% [4]

FRANKLIN, Tenn.--(BUSINESS WIRE)--Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced that the Company will present at the Barclays 26th Annual Global Healthcare Conference, which is being held March 12 - 14, 2024, in Miami, Florida. In connection with the conference, there will be a webcast of the Company’s presentation available on the Company’s website starting at 10:45 a.m. Eastern Time/9:45 a.m. Central Time on Wednesday, March 13, 2024. The live webcast of the presentation will be availabl ...