Acadia Healthcare Co Inc

ACHC

Equity

ISIN US00404A1097 / Valor 14151414

NASDAQ (2024-11-21)

USD 38.59-1.30%

Acadia Healthcare Co Inc
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About company

Acadia Healthcare Co Inc is a leading provider of behavioral healthcare services in the United States and Puerto Rico, operating 253 treatment facilities across 38 states. The company offers various levels of care for behavioral health and substance use disorders, including detoxification, residential treatment for addiction, acute psychiatric inpatient hospitalization, medication-assisted treatment services, and outpatient programming options. Acadia Healthcare aims to meet patients at different stages of their treatment process, providing a safe environment for individuals to receive the care they need. The company continues to expand its reach through the construction of new facilities, the acquisition of existing facilities, and partnerships with reputable organizations. With a focus on innovative, patient-centered approaches to treatment, Acadia Healthcare specializes in helping individuals of all ages who are struggling with mental health disorders and addiction.

Summarized from source with an LLMView SourceSector: Healthcare

Revenue Growth

Acadia Healthcare Co Inc reported revenue of $796.0 million for the second quarter of 2024, marking an 8.8% increase compared to the same period in 2023. This growth was driven by a combination of higher revenue per patient day and an increase in patient days.

Net Income

For the second quarter of 2024, Acadia Healthcare Co Inc achieved a net income of $78.5 million, or $0.85 per diluted share. This represents a significant improvement over the net income reported in the second quarter of 2023.

Adjusted EBITDA

Acadia Healthcare Co Inc's adjusted EBITDA for the second quarter of 2024 was $187.6 million, reflecting a 7.6% increase from the second quarter of 2023. This growth underscores the company's strong operational performance and effective cost management.

Strategic Investments

During the second quarter of 2024, Acadia Healthcare Co Inc added 37 beds to its existing facilities and opened a new 100-bed acute care hospital in Mesa, Arizona. The company remains on track to add approximately 1,200 beds in 2024, including new Comprehensive Treatment Centers.

Financial Guidance

Acadia Healthcare Co Inc revised its financial guidance for 2024, projecting revenue between $3.180 billion and $3.225 billion. The company also expects adjusted EBITDA to range from $735 million to $765 million, reflecting its strategic growth initiatives and market demand.

Summarized from source with an LLMView Source

Key figures

-46.8%1Y

-37.7%3Y

20.5%5Y

Performance

44.3%1Y

37.1%3Y

48.5%5Y

Volatility