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Acadia (ACHC), Geisinger JV Begin Construction of New Hospital
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Acadia Healthcare Company, Inc. (ACHC - Free Report) recently announced a collaboration with Geisinger, a provider of value-based care services, to begin construction on a new behavioral health hospital in Danville, PA. The 96-bed state-of-the-art facility is scheduled to open in spring 2025. It’ll be named Geisinger Behavioral Health Center Danville.
The new hospital is expected to address the growing demand for high-quality behavioral health services in the central part of the state. It will provide inpatient, intensive outpatient and ECT treatment programs. The new facility is expected to cater to a diverse range of patients, encompassing adults as well as pediatric and adolescent individuals.
Moreover, the facility is expected to function as a teaching hospital, providing training opportunities for students and residents from Geisinger’s College of Health Sciences, thus contributing to the development of high-quality healthcare providers. The Geisinger College of Health Sciences empowers more than 5,000 medical professionals each year through its comprehensive educational programs. Additionally, the college conducts more than 1,400 clinical research studies.
The new facility will become the second hospital in the state built by the joint venture (JV) of Acadia Healthcare and Geisinger, a non-profit system. In August 2023, the JV commenced a similar hospital in Moosic, PA. The move will expand ACHC’s footprint in the state and bolster its relation with Geisinger. At the first-quarter end, the company had a network of 258 behavioral healthcare facilities with around 11,300 beds.
Acadia Healthcare actively pursues JVs with renowned healthcare systems, which is helping the company expand its capabilities. It has a robust pipeline of JV projects, which are yet to be completed. It has 21 JV partnerships for 22 hospitals in place. Of these, 11 hospitals are already operational, with the rest anticipated to open in the coming years.
Price Performance
Acadia Healthcare’s shares have declined 5.4% in the past year against the 13.5% growth of the industry.
The Zacks Consensus Estimate for Arvinas’ 2024 bottom line suggests 25.2% year-over-year growth. ARVN has witnessed five upward estimate revisions over the past month against no movement in the opposite direction. It beat earnings estimates in three of the last four quarters and missed once.
The Zacks Consensus Estimate for Brookdale Senior’s full-year 2024 earnings suggests a 23.8% year-over-year improvement. It has witnessed one upward estimate revision over the past month against no movement in the opposite direction. BKD beat earnings estimates in two of the past four quarters and missed on the other occasions.
The Zacks Consensus Estimate for Encompass Health’s 2024 full-year earnings implies an 11.5% increase from the year-ago reported figure. EHC beat earnings estimates in each of the last four quarters, with an average surprise of 18.7%. The consensus mark for its current-year revenues is pegged at $5.3 billion, which indicates a 10.3% year-over-year increase.
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Acadia (ACHC), Geisinger JV Begin Construction of New Hospital
Acadia Healthcare Company, Inc. (ACHC - Free Report) recently announced a collaboration with Geisinger, a provider of value-based care services, to begin construction on a new behavioral health hospital in Danville, PA. The 96-bed state-of-the-art facility is scheduled to open in spring 2025. It’ll be named Geisinger Behavioral Health Center Danville.
The new hospital is expected to address the growing demand for high-quality behavioral health services in the central part of the state. It will provide inpatient, intensive outpatient and ECT treatment programs. The new facility is expected to cater to a diverse range of patients, encompassing adults as well as pediatric and adolescent individuals.
Moreover, the facility is expected to function as a teaching hospital, providing training opportunities for students and residents from Geisinger’s College of Health Sciences, thus contributing to the development of high-quality healthcare providers. The Geisinger College of Health Sciences empowers more than 5,000 medical professionals each year through its comprehensive educational programs. Additionally, the college conducts more than 1,400 clinical research studies.
The new facility will become the second hospital in the state built by the joint venture (JV) of Acadia Healthcare and Geisinger, a non-profit system. In August 2023, the JV commenced a similar hospital in Moosic, PA. The move will expand ACHC’s footprint in the state and bolster its relation with Geisinger. At the first-quarter end, the company had a network of 258 behavioral healthcare facilities with around 11,300 beds.
Acadia Healthcare actively pursues JVs with renowned healthcare systems, which is helping the company expand its capabilities. It has a robust pipeline of JV projects, which are yet to be completed. It has 21 JV partnerships for 22 hospitals in place. Of these, 11 hospitals are already operational, with the rest anticipated to open in the coming years.
Price Performance
Acadia Healthcare’s shares have declined 5.4% in the past year against the 13.5% growth of the industry.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Acadia Healthcare currently has a Zacks Rank #3 (Hold). Investors interested in the broader Medical space may look at some better-ranked players like Arvinas, Inc. (ARVN - Free Report) , Brookdale Senior Living Inc. (BKD - Free Report) and Encompass Health Corporation (EHC - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Arvinas’ 2024 bottom line suggests 25.2% year-over-year growth. ARVN has witnessed five upward estimate revisions over the past month against no movement in the opposite direction. It beat earnings estimates in three of the last four quarters and missed once.
The Zacks Consensus Estimate for Brookdale Senior’s full-year 2024 earnings suggests a 23.8% year-over-year improvement. It has witnessed one upward estimate revision over the past month against no movement in the opposite direction. BKD beat earnings estimates in two of the past four quarters and missed on the other occasions.
The Zacks Consensus Estimate for Encompass Health’s 2024 full-year earnings implies an 11.5% increase from the year-ago reported figure. EHC beat earnings estimates in each of the last four quarters, with an average surprise of 18.7%. The consensus mark for its current-year revenues is pegged at $5.3 billion, which indicates a 10.3% year-over-year increase.