We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Acadia Healthcare (ACHC) Inks JV to Better Serve New Hampshire
Read MoreHide Full Article
Acadia Healthcare Company, Inc. (ACHC - Free Report) recently inked a joint venture (“JV”) with the New Hampshire-based integrated health system, SolutionHealth, for constructing a behavioral health hospital in the state.
Equipped to house 144 beds, the facility will extend a comprehensive suite of inpatient behavioral healthcare services, which remain much-needed across southeast New Hampshire. Apart from enhancing access to behavioral health services across the region and bringing about improved health outcomes, the other areas of focus of the JV are discussed henceforth.
The partners aim to lower the waiting time for patients at the emergency department for behavioral health triage and disposition. Additionally, they tend to provide an enhanced behavioral health center that can be availed by the targeted region’s patients within close proximity of their homes. New Hampshire Department of Health and Human Services will pay $15 million to support the construction costs of the new hospital.
Thereby, the recent tie-up of Acadia Healthcare can be termed as a time-opportune move owing to the growing incidence of mental health issues among Americans and a significant portion of New Hampshire’s population grappling with such problems. ACHC seems well-poised to capitalize on the unaddressed demand for high-quality behavioral health services throughout the state.
The partnership has made way for Acadia Healthcare to delve into a new state with its acute service line. It also marks the 19th JV partnership of ACHC. In each of these JVs, ACHC has collaborated with well-established healthcare organizations based across different U.S. communities and subsequently integrated the resources, expertise and practices of both partners. This has enabled it to devise a solid behavioral health services portfolio, diversified the treatment network and expanded the nationwide foothold of Acadia Healthcare.
Management remains optimistic about pursuing similar partnerships with leading U.S. health systems in the future to address mental health issues and substance use disorders prevailing throughout the country, which seems commendable.
Acadia Healthcare has numerous JV projects scheduled in its pipeline, which make it optimistic about the year 2023. The one with Michigan-based Bronson Healthcare to construct a freestanding behavioral health facility in the state, which was supposed to commence operations from the third quarter of 2023, has been already inaugurated this June. The planned facility in Pennsylvania as a result of the JV with Geisinger Health is also likely to open this year. As a part of its growth-related initiatives, in addition to JVs, management also aims to add roughly 300 beds to its existing facilities in 2023.
Shares of Acadia Healthcare have risen 11.3% in a year, compared with the industry’s 60.2% growth. Nevertheless, its strong fundamentals are likely to help shares bounce back in the days ahead.
The bottom line of Lantheus surpassed estimates in each of the last four quarters, the average surprise being 25.77%. The Zacks Consensus Estimate for LNTH’s 2023 earnings indicates 32.7% growth, while the same for revenues suggests a 34.6% rise from their corresponding prior-year actuals. The consensus mark for LNTH’s 2023 earnings has moved 12.4% north in the past 60 days.
Alcon’s earnings beat estimates in three of the trailing four quarters and matched the mark once, the average surprise being 8.85%. The Zacks Consensus Estimate for ALC’s 2023 earnings indicates 17.9% growth from the prior-year actual. The same for revenues implies 8% growth from the year-ago reported figure. The consensus mark for ALC’s 2023 earnings has moved 2.3% north in the past 60 days.
The bottom line of Boston Scientific outpaced estimates in two of the trailing four quarters and missed the mark twice, the average surprise being 1.88%. The consensus estimate for BSX’s 2023 earnings indicates 14% growth, while the same for revenues suggests a 9.5% rise from their corresponding prior-year actuals. The consensus mark for BSX’s 2023 earnings has moved 0.5% north in the past 60 days.
Shares of Lantheus, Alcon and Boston Scientific have gained 32.2%, 14.7% and 42.3%, respectively, in a year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Acadia Healthcare (ACHC) Inks JV to Better Serve New Hampshire
Acadia Healthcare Company, Inc. (ACHC - Free Report) recently inked a joint venture (“JV”) with the New Hampshire-based integrated health system, SolutionHealth, for constructing a behavioral health hospital in the state.
Equipped to house 144 beds, the facility will extend a comprehensive suite of inpatient behavioral healthcare services, which remain much-needed across southeast New Hampshire. Apart from enhancing access to behavioral health services across the region and bringing about improved health outcomes, the other areas of focus of the JV are discussed henceforth.
The partners aim to lower the waiting time for patients at the emergency department for behavioral health triage and disposition. Additionally, they tend to provide an enhanced behavioral health center that can be availed by the targeted region’s patients within close proximity of their homes. New Hampshire Department of Health and Human Services will pay $15 million to support the construction costs of the new hospital.
Thereby, the recent tie-up of Acadia Healthcare can be termed as a time-opportune move owing to the growing incidence of mental health issues among Americans and a significant portion of New Hampshire’s population grappling with such problems. ACHC seems well-poised to capitalize on the unaddressed demand for high-quality behavioral health services throughout the state.
The partnership has made way for Acadia Healthcare to delve into a new state with its acute service line. It also marks the 19th JV partnership of ACHC. In each of these JVs, ACHC has collaborated with well-established healthcare organizations based across different U.S. communities and subsequently integrated the resources, expertise and practices of both partners. This has enabled it to devise a solid behavioral health services portfolio, diversified the treatment network and expanded the nationwide foothold of Acadia Healthcare.
Management remains optimistic about pursuing similar partnerships with leading U.S. health systems in the future to address mental health issues and substance use disorders prevailing throughout the country, which seems commendable.
Acadia Healthcare has numerous JV projects scheduled in its pipeline, which make it optimistic about the year 2023. The one with Michigan-based Bronson Healthcare to construct a freestanding behavioral health facility in the state, which was supposed to commence operations from the third quarter of 2023, has been already inaugurated this June. The planned facility in Pennsylvania as a result of the JV with Geisinger Health is also likely to open this year. As a part of its growth-related initiatives, in addition to JVs, management also aims to add roughly 300 beds to its existing facilities in 2023.
Shares of Acadia Healthcare have risen 11.3% in a year, compared with the industry’s 60.2% growth. Nevertheless, its strong fundamentals are likely to help shares bounce back in the days ahead.
Image Source: Zacks Investment Research
ACHC currently has a Zacks Rank #4 (Sell).
Stocks to Consider
Some better-ranked stocks in the Medical space are Lantheus Holdings, Inc. , Alcon Inc. (ALC - Free Report) and Boston Scientific Corporation (BSX - Free Report) . While Lantheus sports a Zacks Rank #1 (Strong Buy), Alcon and Boston Scientific carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The bottom line of Lantheus surpassed estimates in each of the last four quarters, the average surprise being 25.77%. The Zacks Consensus Estimate for LNTH’s 2023 earnings indicates 32.7% growth, while the same for revenues suggests a 34.6% rise from their corresponding prior-year actuals. The consensus mark for LNTH’s 2023 earnings has moved 12.4% north in the past 60 days.
Alcon’s earnings beat estimates in three of the trailing four quarters and matched the mark once, the average surprise being 8.85%. The Zacks Consensus Estimate for ALC’s 2023 earnings indicates 17.9% growth from the prior-year actual. The same for revenues implies 8% growth from the year-ago reported figure. The consensus mark for ALC’s 2023 earnings has moved 2.3% north in the past 60 days.
The bottom line of Boston Scientific outpaced estimates in two of the trailing four quarters and missed the mark twice, the average surprise being 1.88%. The consensus estimate for BSX’s 2023 earnings indicates 14% growth, while the same for revenues suggests a 9.5% rise from their corresponding prior-year actuals. The consensus mark for BSX’s 2023 earnings has moved 0.5% north in the past 60 days.
Shares of Lantheus, Alcon and Boston Scientific have gained 32.2%, 14.7% and 42.3%, respectively, in a year.