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Acadia Healthcare Q2 Earnings Call Highlights
['Max Byerly']
Ticker Report
The result included a $26.1 million benefit from Florida supplemental payments, offset by a $28.6 million actuarial adjustment increasing professional and general liability reserves for prior-year cases.
After adjusting for the Florida and Tennessee supplemental payments related to prior periods, same-facility revenue growth would have been 3.2%.
Acadia also reported that corporate overhead declined by about $3 million from the first quarter and was flat year over year.
Acadia repaid $113 million of debt and ended the quarter with $171 million in cash and cash equivalents.
About Acadia Healthcare (NASDAQ:ACHC)Acadia Healthcare Company, Inc (NASDAQ: ACHC) is a publicly traded provider of behavioral healthcare services headquartered in Franklin, Tennessee.