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Mar 31, 2021
Acadia Healthcare Q1 2021 Earnings Report
Acadia Healthcare reported strong first quarter results, driven by revenue growth and strategic investments.
Key Takeaways
Acadia Healthcare reported a strong start to 2021, with revenue increasing by 8.2% to $551.2 million. The company's same facility revenue grew by 7.4%, and adjusted EBITDA was $119.5 million. Acadia is focused on strategic investments in facility expansions, de novo facilities, and joint venture partnerships to drive long-term growth.
Revenue increased by 8.2% to $551.2 million compared to Q1 2020.
Same facility revenue grew by 7.4% compared to Q1 2020.
Adjusted EBITDA was $119.5 million, compared to $96.7 million in the same period last year.
The company completed debt refinancing actions in March 2021.
Acadia Healthcare
Acadia Healthcare
Forward Guidance
Acadia increased its financial guidance for 2021.
Positive Outlook
- Revenue in a range of $2.24 billion to $2.29 billion
- Adjusted EBITDA in a range of $500 million to $530 million
- Adjusted earnings per diluted share in a range of $2.30 to $2.55
- Interest expense of approximately $17 million per quarter for the remainder of 2021