ACHC Acadia Healthcare Company Inc.

Acadia Healthcare Breaks Ground on New Behavioral Health Hospital in Arizona

Acadia Healthcare Company today held a groundbreaking ceremony marking the beginning of construction on the new hospital that the company is building to serve residents of Mesa, Arizona, and surrounding communities. Slated to open in early 2024, the 100-bed acute care behavioral health hospital will be located on a 12-acre site at the corner of Ellsworth Road and Peterson Avenue in Mesa.

This press release features multimedia. View the full release here:

Executives from Acadia Healthcare and General Contractor Adolfson & Peterson Construction joined with local dignitaries to break ground on the new Agave Ridge Behavioral Hospital in Mesa, Arizona, on March 6, 2023. (Photo: Business Wire)

Executives from Acadia Healthcare and General Contractor Adolfson & Peterson Construction joined with local dignitaries to break ground on the new Agave Ridge Behavioral Hospital in Mesa, Arizona, on March 6, 2023. (Photo: Business Wire)

Named Agave Ridge Behavioral Hospital, the new hospital addresses the growing need in Arizona for more accessible, high-quality behavioral healthcare services. It will offer a full continuum of inpatient behavioral healthcare services for adult, older adult and pediatric patients including comprehensive treatment for those who struggle with acute symptoms of behavioral health disorders such as anxiety, depression, bipolar disorder and posttraumatic stress disorder (PTSD).

The groundbreaking was honored by the presence of City of Mesa Mayor John Giles. Attendees saw the site of the new hospital and an architectural rendering of the facility. Event speakers discussed its anticipated impact on the community’s need for additional mental health services.

According to data compiled from the Treatment Advocacy Center, U.S. Census Bureau and American Hospital Directory, Maricopa County has a deficit of 893 behavioral health beds in the County. The County should have 2,331 beds to meet its behavioral health care needs but presently only has 1,492 beds available. Furthermore, the National Institutes of Health has reported that one in every five people have a mental health need. In Arizona, this represents over one million residents ages 12 and up. Additionally, the American Foundation for Suicide Prevention identified suicide is the 2nd leading cause of death among Arizonians ages 10–34.

“The dearth of mental health resources is a national problem that we also face in Arizona,” said Dr. Jeffrey Woods, Operations Group President of Acadia Healthcare. “We are very pleased to announce that construction is underway for Agave Ridge Behavioral. It will be state-of-the-art and provide the hope and healing that residents of Mesa and the surrounding communities need when dealing with complex behavioral health issues. We want to thank local officials for their collaboration and prompt attention to this project. We will become a strong member of the community, partnering with all organizations, hospitals and first responders.”

About Acadia Healthcare

Acadia is a leading provider of behavioral healthcare services across the United States. As of December 31, 2022, Acadia operated a network of 250 behavioral healthcare facilities with approximately 11,000 beds in 39 states and Puerto Rico. With more than 23,000 employees serving approximately 75,000 patients daily, Acadia is the largest stand-alone behavioral healthcare company in the U.S. Acadia provides behavioral healthcare services to its patients in a variety of settings, including inpatient psychiatric hospitals, specialty treatment facilities, residential treatment centers and outpatient clinics.

EN
07/03/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Acadia Healthcare Company Inc.

 PRESS RELEASE

Acadia Healthcare Announces Pricing of $550 Million Senior Notes Due 2...

FRANKLIN, Tenn.--(BUSINESS WIRE)-- Acadia Healthcare Company, Inc. (NASDAQ: ACHC) (the “Company” or “Acadia”) announced today the pricing of its private offering (the “Offering”) of $550 million in aggregate principal amount of 7.375% senior notes due 2033 (the “Notes”), which represents an increase of $50 million in aggregate principal amount from its previous announcement. The Offering is expected to close on March 10, 2025. The closing of the Offering is subject to the satisfaction of customary closing and market conditions. The Company intends to use the proceeds from the Offering to prep...

Moody's Ratings assigns a Ba3 to Acadia's new senior unsecured notes

Moody's Ratings (Moody's) assigned a Ba3 rating to Acadia Healthcare Company, Inc.'s ("Acadia") proposed $500 million senior unsecured notes. There are no changes to the company's existing Ba2 Corporate Family Rating (CFR), Ba2-PD Probability of Default Rating, and Ba3 senior unsecured ratings. The ...

 PRESS RELEASE

Acadia Healthcare Announces Launch of $500 Million Senior Notes Offeri...

FRANKLIN, Tenn.--(BUSINESS WIRE)-- Acadia Healthcare Company, Inc. (NASDAQ: ACHC) (the “Company” or “Acadia”) announced today that it has launched a private offering (the “Offering”) of $500 million in aggregate principal amount of senior notes due 2033 (the “Notes”), subject to market conditions and other considerations. The Company intends to use the proceeds from the Offering to prepay a portion of the outstanding borrowings under its existing senior secured revolving line of credit. The Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), an...

Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of Acadia Healthcare Company, Inc. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 26 February 2025 in which we reassessed the appropriateness of the ratings ...

 PRESS RELEASE

Acadia Healthcare Reports Fourth Quarter 2024 Results

FRANKLIN, Tenn.--(BUSINESS WIRE)-- Acadia Healthcare Company, Inc. (“Acadia” or the “Company”) (NASDAQ: ACHC) today announced financial results for the fourth quarter and year ended December 31, 2024. Fourth Quarter 2024 Highlights Revenue totaled $774.2 million, an increase of 4.2% over the fourth quarter of 2023. Same facility revenue increased 4.7% compared with the fourth quarter of 2023, including an increase in patient days of 3.2% and an increase in revenue per patient day of 1.4%. Net income attributable to Acadia totaled $32.6 million, or $0.35 per diluted share. Adjuste...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch