Acadia Healthcare(ACHC)
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Acadia Healthcare(ACHC) - 2024 Q2 - Quarterly Results
2024-07-31 21:23
Exhibit 99 ACADIA HEALTHCARE REPORTS SECOND QUARTER 2024 RESULTS PROVIDES UPDATED GUIDANCE FOR 2024 FRANKLIN, Tenn. (July 31, 2024) – Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced financial results for the second quarter and six months ended June 30, 2024. Second Quarter Highlights ● Revenue totaled $796.0 million, an increase of 8.8% over the second quarter of 2023 ● Same facility revenue increased 8.3% compared with the second quarter of 2023, including an increase in revenue per patient ...
5 Hospital Stocks Set to Gain From Robust Industry Trends
zacks.com· 2024-05-27 15:36
The near-term prospects of the Zacks Medical-Hospital industry will be shaped by various factors, including rising patient volumes, resumption of elective procedures, and technological and cybersecurity advancements. While increasing salaries and moderate staffing constraints will play a deterrent, the effects of it would be largely offset by higher revenue per admission. Consolidation activities are making a strong comeback in the hospital space.Capacity expansions are expected to be prevalent as hospital ...
Acadia (ACHC), Geisinger JV Begin Construction of New Hospital
Zacks Investment Research· 2024-05-09 16:26
Acadia Healthcare Company, Inc. (ACHC) recently announced a collaboration with Geisinger, a provider of value-based care services, to begin construction on a new behavioral health hospital in Danville, PA. The 96-bed state-of-the-art facility is scheduled to open in spring 2025. It’ll be named Geisinger Behavioral Health Center Danville.The new hospital is expected to address the growing demand for high-quality behavioral health services in the central part of the state. It will provide inpatient, intensive ...
Acadia Healthcare (ACHC) Shares Down 9% Despite Q1 Earnings Beat
Zacks Investment Research· 2024-05-06 17:51
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(ACHC) - 2024 Q1 - Earnings Call Transcript
2024-05-03 07:05
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 ...
Acadia Healthcare(ACHC) - 2024 Q1 - Quarterly Report
2024-05-02 20:05
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) Q1 Earnings Surpass Estimates
Zacks Investment Research· 2024-05-01 22:46
Core Viewpoint - Acadia Healthcare reported quarterly earnings of $0.84 per share, exceeding the Zacks Consensus Estimate of $0.80 per share, and showing an increase from $0.75 per share a year ago, indicating a positive earnings surprise of 5% [1] Financial Performance - The company generated revenues of $768.05 million for the quarter ended March 2024, which was 1.20% below the Zacks Consensus Estimate, but an increase from $704.27 million in the same quarter last year [1] - Over the last four quarters, Acadia Healthcare has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [1] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.95 on revenues of $803.8 million, while for the current fiscal year, the estimate is $3.57 on revenues of $3.22 billion [4] - The trend of estimate revisions for Acadia Healthcare has been unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [4] Industry Context - The Medical - Hospital industry, to which Acadia Healthcare belongs, is currently ranked in the bottom 31% of over 250 Zacks industries, suggesting potential challenges for stock performance [5] - The performance of Acadia Healthcare's stock may also be influenced by the overall outlook for the industry [5]
Acadia Healthcare(ACHC) - 2024 Q1 - Quarterly Results
2024-05-01 21:11
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 (ACHC) Opens Facility to Address Mental Health
Zacks Investment Research· 2024-04-12 16:56
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 ...
Compelling Reasons to Hold Acadia Healthcare (ACHC) Stock Now
Zacks Investment Research· 2024-04-05 16:56
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 ...