acadia healthcare co inc
(ACHC:Consolidated Issue Listed on Nasdaq Glbl Slct Mrkt)
acadia healthcare co inc (ACHC) Snapshot
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Open
$32.67
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Previous Close
$32.74
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Day High
$33.20
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Day Low
$32.11
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52 Week High
05/15/13 - $34.98
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52 Week Low
06/5/12 - $15.02
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Market Cap
1.7B
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Average Volume 10 Days
369.9K
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EPS TTM
$0.74
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Shares Outstanding
50.5M
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EX-Date
--
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P/E TM
44.5x
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Dividend
--
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Dividend Yield
--
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Acadia Healthcare Company, Inc. develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, and substance abuse facilities in the United States. Its acute inpatient psychiatric facilities provide evaluation and crisis stabilization of patients with severe psychiatric diagnoses; and residential treatment centers offer intensive, medically-driven interventions, and individualized treatment to patient with moderate to high level acuity. The company also operates therapeutic group homes that provide treatment services for seriously, emotionally disturbed adolescents; and manages therapeutic foster care programs for children and adolescents with emotional disorders. In addition, it offers community-based services comprising therapeutic treatment to children and adolescents suffering from severe congenital, neurobiological, speech/motor, and early onset psychiatric disorders. Further, the company provides management, administrative, and helpline services; inpatient contract management services; and inpatient and outpatient behavioral healthcare services, education, and long-term support services for abused and neglected children and adolescents. As of May 1, 2013, it operated a network of 46 behavioral healthcare facilities with approximately 3,700 licensed beds in 21 states and Puerto Rico. Acadia Healthcare Company, Inc. was founded in 2005 and is headquartered in Franklin, Tennessee.
acadia healthcare co inc (ACHC) Top Compensated Officers
acadia healthcare co inc (ACHC) Key Developments
Acadia Healthcare Company, Inc. Presents at UBS Global Healthcare Conference, May-21-2013 01:00 PM. Venue: Sheraton New York Hotel, 811 Seventh Avenue, New York, New York, United States. Speakers: Brent Turner, President, Joey A. Jacobs, Chairman and Chief Executive Officer.
Acadia Healthcare Company, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. Revenue increased 80.0% for the first quarter to $161.2 million from $89.6 million for the first quarter of 2012. Income from continuing operations was $4.1 million, or $0.08 per diluted share, for the first quarter of 2013 compared with $3.3 million, or $0.10 per diluted share, for the first quarter of 2012. Adjusted income from continuing operations increased 178.9% to $10.6 million for the first quarter of 2013 from $3.8 million for the first quarter of 2012. The adjusted results for the first quarter of 2013 exclude debt extinguishment costs of $9.4 million and transaction-related expenses of $1.5 million and, for the first quarter of 2012, exclude transaction-related expenses of $0.7 million. Adjusted income from continuing operations per diluted share increased 75.0% to $0.21 for the first quarter of 2013 from $0.12 for the first quarter of 2012, which reflected a 55.4% increase in weighted average shares outstanding for the comparable quarters, primarily due to Acadia's public equity offerings in May 2012 and December 2012. Income from continuing operations before income taxes was $6.7 million against $5 million a year ago. Net income was $3.7 million or $0.07 per basic and diluted share against $3.7 million or $0.11 per basic and diluted share a year ago. Net cash provided by operating activities was $0.2 million against $4.9 million a year ago. Cash paid for capital expenditures were $12.8 million against $3.9 million a year ago. EBITDA was $19.1 million against $13.9 million a year ago. Adjusted EBITDA was $30.5 million against $15.2 million a year ago. The company increased its guidance for 2013 adjusted earnings per diluted share to a range of $1.00 to $1.03 from the prior range of $0.96 to $1.00. The company expects to have positive, a more healthier cash flow from operations in the subsequent quarters. The company will also support future growth through the remainder of 2013 by adding new beds to existing facilities, with a total of approximately 300 beds planned for the year. The company will continue to excess capacity at all facilities, with the goal of adding new beds before they are needed. To achieve this goal, the company expects to increase beds in existing facilities by at least 5% on an annual basis.
Acadia Healthcare Company, Inc., Annual General Meeting, May 23, 2013., at 10:30 Central Standard Time. Location: 830 Crescent Centre Drive. Agenda: To elect four nominees as Class II directors; to approve the amended and restated incentive compensation plan; to approve, on a non-binding advisory basis, the compensation of named executive officers; to approve, on a non-binding advisory basis, the frequency of a non-binding advisory vote on the compensation of named executive officers; to ratify the appointment of Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2013; and to transact any other business that properly comes before the annual meeting or any adjournments or postponements thereof.
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Industry Analysis
ACHC
Industry Average
| Valuation | ACHC | Industry Range |
| Price/Earnings | 66.6x |
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| Price/Sales | 3.4x |
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| Price/Book | 3.7x |
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| Price/Cash Flow | 54.2x |
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| TEV/Sales | 2.1x |
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