Orlando Health and Acadia Healthcare Break Ground on Construction of a New Behavioral Health Hospital in Apopka, Florida, with an anticipated opening in Spring 2025. (Photo: Business Wire)Orlando Health and Acadia Healthcare Break Ground on Construction of a New Behavioral Health Hospital in Apopka, Florida, with an anticipated opening in Spring 2025. (Photo: Business Wire)APOPKA, Fla.--(BUSINESS WIRE)--Orlando Health and Acadia Healthcare today held a ceremony to celebrate the start of construction on a pr ...

FRANKLIN, Tenn.--(BUSINESS WIRE)--Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced that it will release its fourth quarter and year-end 2023 results on Tuesday, February 27, 2024, after the close of the market. Acadia will conduct a conference call with institutional investors and analysts at 8:00 a.m. ET on Wednesday, February 28, 2024. A live broadcast of the conference call will be available at www.acadiahealthcare.com in the “Investors” section of the website. The webcast of the conference ...

The Medical group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Acadia Healthcare (ACHC) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Acadia Healthcare is a member of the Medical sector. This group includes 1076 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring th ...

Acadia Healthcare Company, Inc. (ACHC) recently inked a joint venture (JV) with the Texas-based leading integrated healthcare system, Ascension Seton, in a bid to provide enhanced behavioral healthcare services across Austin and neighboring communities. Ascension Seton is a part of Ascension’s extensive national health network comprising 139 hospitals and 40-plus senior living facilities in 19 states and the District of Columbia.As part of the JV, Acadia Healthcare will expand the inpatient behavioral bed c ...

AUSTIN, Texas--(BUSINESS WIRE)--Ascension Seton and Acadia Healthcare announced today that the two organizations have formed a joint venture to expand access to behavioral healthcare in Austin, Texas, and surrounding communities. The joint venture will focus on expanding Acadia’s current operations at Cross Creek Hospital, as well as the number of inpatient behavioral beds available in Austin. Acadia will construct a 106-bed expansion of the acute behavioral hospital, increasing the total licensed bed co ...

Acadia Healthcare Company, Inc. (ACHC) is strategically poised for growth, driven by increasing admissions and expansion in Medicare, Medicaid and commercial businesses. The growing demand for its acute inpatient psychiatric facilities, specialty treatment facilities and comprehensive treatment centers serves as a significant revenue driver for the company.Acadia Healthcare, with a market capitalization of $7.3 billion, operates as a prominent behavioral healthcare services provider in the United States and ...

Investors interested in Medical stocks should always be looking to find the best-performing companies in the group. Acadia Healthcare (ACHC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Acadia Healthcare is one of 1077 individual stocks in the Medical sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector ...

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FRANKLIN, Tenn.--(BUSINESS WIRE)--Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced that the Company will present at the 42nd Annual J.P. Morgan Healthcare Conference, January 8-11, 2024, at The Westin St. Francis, San Francisco, California. In connection with the conference, there will be a webcast of the Company’s presentation available on the Company’s website starting at 2:15 p.m. Pacific Time/4:15 p.m. Central Time on Tuesday, January 9, 2024. The live webcast of the presentation will be ...

Financial Data and Key Metrics Changes - Acadia reported a year-over-year revenue growth of 12.5%, reaching $750.3 million for Q3 2023 [22] - Adjusted EBITDA increased by 13.4% to $175.9 million compared to $155.1 million in Q3 2022 [23] - Adjusted EPS grew by 13.8% to $0.91 per diluted share, up from $0.80 in the same quarter last year [23] - Same facility revenue increased by 13% year-over-year, driven by both volume and rate improvements [8] Business Line Data and Key Metrics Changes - All service lines, including acute, specialty, and CTC, experienced strong performance, with acute and specialty seeing the most significant volume growth [32] - The CTC service line expanded to 155 locations across 32 states, with plans to open six new CTCs in 2023 [11] - The company added 204 beds to existing facilities in the first nine months of 2023, on track to meet the goal of approximately 300 bed additions by year-end [10] Market Data and Key Metrics Changes - The company noted a decrease in wage inflation from 7.5% in Q1 to 5.7% in Q3 2023, indicating improved labor trends [9] - The impact of Medicaid redetermination has been manageable, with approximately 40% of patients having completed the process [34] Company Strategy and Development Direction - Acadia's growth strategy includes five defined pathways: facility expansions, de novo facilities, joint ventures, acquisitions, and extending the continuum of care [17] - The company is focused on developing wholly owned de novo facilities in underserved markets, with two new hospitals expected to open by year-end [10] - Joint ventures are a significant growth pathway, with 20 partnerships representing 21 hospitals, and a robust pipeline for future collaborations [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the ongoing demand for behavioral health services and the company's ability to meet this demand through strategic execution [7] - The company anticipates continued growth in 2024, with significant opportunities through defined pathways and joint ventures [18] Other Important Information - Acadia has maintained a strong financial position with $99.6 million in cash and $520 million available under its revolving credit facility [25] - The company announced a definitive agreement to acquire Turning Point Centers, which will add 76 beds and potentially 48 more over time [15] Q&A Session Summary Question: Inquiry about professional liability reserves - Management confirmed that the increase in reserves was part of the regular review process and not due to changes in claims volume [30] Question: Update on service line performance and Medicaid redetermination - Management indicated strong performance across all service lines, with no significant impact from Medicaid redetermination on patient volume [32] Question: Thoughts on payment rates and payer classes - Management expressed satisfaction with rate negotiations, expecting continued strong rates into Q4 and 2024 [37] Question: Discussion on joint ventures and partnerships - Management noted ongoing interest from health systems in partnerships to address behavioral health needs, indicating a strong pipeline for future joint ventures [41] Question: Impact of construction costs on future growth - Management acknowledged previous spikes in construction costs but indicated improved management strategies moving forward [59] Question: Corporate overhead expectations for next year - Management expects corporate costs to level off and continue to build leverage as a percentage of revenue [65]