Acadia Healthcare Q2 2021 Earnings Report
Key Takeaways
Acadia Healthcare reported revenue of $582.2 million for the second quarter of 2021, a significant increase from $491.5 million in the same period last year. Net income attributable to Acadia stockholders was $44.5 million, or $0.49 per diluted share, compared to $41.1 million, or $0.46 per diluted share, for the second quarter of 2020. The company is increasing financial guidance for 2021.
Revenue increased to $582.2 million compared to $491.5 million for the second quarter of 2020.
Adjusted EBITDA increased 25.2% to $141.3 million.
Net income attributable to Acadia stockholders was $44.5 million, or $0.49 per diluted share.
Acadia added 86 beds to its operations, including 72 from the opening of a replacement facility for Belmont Behavioral Hospital.
Acadia Healthcare
Acadia Healthcare
Forward Guidance
Acadia increased the Company’s financial guidance for 2021 to reflect the strong operating and financial performance for the first six months of the year and its expectations for the remainder of the year, as follows: