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Acadia Healthcare Company Inc (NASDAQ: ACHC) |
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Acadia Healthcare Company Inc Outlook |
On November 2 2023 the Acadia Healthcare Company Inc provided following guidance
$25.6 million, compared to a net loss of $12.8 million in the third quarter of 2022 Adjusted EBITDA increased 31.2% to $164.9 million, compared to $125.6 million in the third quarter of 2022 Diluted loss per share (EPS) was $0.24, compared to a loss of $0.12 per share in the third quarter of 2022
Acadia Healthcare Company, Inc., a leading provider of behavioral healthcare services, announced its financial results for the third quarter of 2023, ending September 30th. The company experienced significant growth and success during this period, with total revenue reaching $750.3 million, representing a 12.5% increase compared to the same quarter in 2022.
Furthermore, same facility revenue grew by 13.0% when compared to the third quarter of the previous year. This growth was driven by a 6.6% increase in revenue per patient day and a 6.0% increase in patient days.
Acadia also reported a net loss attributable to the company of $25.6 million for the quarter, compared to a net loss of $12.8 million in the third quarter of 2022.
Adjusted EBITDA, a key measure of financial performance, showed significant improvement, increasing by 31.2% to $164.9 million compared to $125.6 million in the same period last year.
The diluted loss per share (EPS) for the quarter was $0.24, compared to a loss of $0.12 per share in the third quarter of 2022.
These results reflect the continued strong growth and momentum of Acadia Healthcare Company, Inc. in the behavioral healthcare market. The company remains committed to providing high-quality care and expanding its services to meet the growing demand for behavioral healthcare services.
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