Acadia HealthcareNASDAQ: ACHC

Acadia Healthcare's Q1 performance was supported by higher revenue per patient day, although this was partially offset by rising costs. The company still anticipates adjusted EPS for 2024 to be in the range of $3.40 to $3.70.

Acadia Healthcare has experienced substantial increases in its stock prices and revenue due to its marketing tactics and mergers and acquisitions. Legislative shifts, like the growing recognition of mental health and substance abuse issues, are increasing the demand for behavioral healthcare services. The purchase of Turning Point Centers and recent changes in insurance coverage are projected to boost revenue for ACHC.

Acadia Healthcare Company, Inc. (NASDAQ: ACHC) will be hosting its Q1 2024 Earnings Conference Call on May 2, 2024 at 9:00 AM ET. Present at the call will be Patrick Feeley, Chris Hunter, and Heather Dixon. Various analysts from different firms will also be participating in the call. The operator will open the call with a welcome message.

Acadia Healthcare (ACHC) reported quarterly earnings of $0.84 per share, surpassing the Zacks Consensus Estimate of $0.80 per share. This is an increase from earnings of $0.75 per share in the same quarter last year.

Acadia Healthcare (ACHC) opens a new acute care hospital in Mesa, AZ, to provide services for individuals dealing with addiction and mental health challenges in the region.

Growing commercial, Medicare and Medicaid revenues will likely boost Acadia Healthcare's (ACHC) top line.

Acadia (ACHC) partners with Uber Health to ensure timely access to addiction treatment, breaking down transportation barriers for patients.

Acadia Healthcare (ACHC) acquires three CTCs in the Raleigh, Greenville and Hillsborough regions of North Carolina, therefore increasing its CTC nationwide footprint and fetching improved revenues.

Acadia Healthcare (ACHC) initiates the construction work of the 144-bed Massachusetts-based joint venture hospital in a bid to address the need for efficient behavioral health services in the region.