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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Bronson Healthcare and Acadia Healthcare Break Ground on New Behavioral Health Hospital to Serve Southwest Michigan

11/17/2021 | 04:00pm EST

Inpatient Treatment Facility Will Be Named Bronson Behavioral Health Hospital

Bronson Healthcare and Acadia Healthcare Company today held a virtual groundbreaking ceremony marking the beginning of construction on the new hospital that the two companies are building together as part of a joint venture. Slated to open in early 2023, the 96-bed inpatient behavioral health hospital will be located in Battle Creek, Michigan, on a previously announced 25-acre site at Glenn Cross Road and M-66 in Battle Creek.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211117006269/en/

To view the groundbreaking program, visit bronsonhealth.com/news.

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

“We are very pleased to announce that construction is underway for Bronson Behavioral Health Hospital,” said Bill Manns, President and Chief Executive Officer of Bronson Healthcare. “Bronson has a longstanding commitment to advancing the health of the communities we serve, and we are proud to make this investment to expand behavioral health offerings in our region.”

“We’re so excited to have an opportunity to introduce the community to this new hospital,” said Debbie Osteen, Chief Executive Officer of Acadia Healthcare. “This new hospital will be state-of-the-art and provide the hope and healing that residents of southwest Michigan need when dealing with complex behavioral health issues.”

About Bronson Healthcare

Bronson Healthcare is a not-for-profit, community-governed health system serving nine counties in southwest Michigan. With 8,400 employees, more than 1,500 medical staff members, and 796 licensed beds, Bronson is the largest employer and leading healthcare system in southwest Michigan. It offers a full range of services from primary care to critical care across more than 100 locations. Key member organizations include Bronson Methodist Hospital, Bronson Battle Creek Hospital, Bronson LakeView Hospital, Bronson South Haven Hospital, Bronson Medical Group, Bronson at Home, Bronson Commons, Bronson Athletic Club, Bronson Wellness Center and the Bronson Health Foundation.

About Acadia Healthcare

Acadia is a leading provider of behavioral healthcare services across the United States. As of September 30, 2021, Acadia operated a network of 230 behavioral healthcare facilities with approximately 10,200 beds in 40 states and Puerto Rico. With more than 20,000 employees serving approximately 70,000 patients daily, Acadia is the largest stand-alone behavioral health 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.

© Business Wire 2021
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Analyst Recommendations on ACADIA HEALTHCARE COMPANY, INC.
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Financials (USD)
Sales 2021 2 322 M - -
Net income 2021 191 M - -
Net Debt 2021 1 247 M - -
P/E ratio 2021 26,3x
Yield 2021 -
Capitalization 4 770 M 4 770 M -
EV / Sales 2021 2,59x
EV / Sales 2022 2,40x
Nbr of Employees 35 400
Free-Float 98,7%
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Technical analysis trends ACADIA HEALTHCARE COMPANY, INC.
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Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 53,04 $
Average target price 75,77 $
Spread / Average Target 42,9%
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Managers and Directors
Debra Kay Osteen Chief Executive Officer & Director
David M. Duckworth Chief Accounting Officer
Reeve Byron Waud Chairman
Michael V. Genovese Chief Medical Officer
John S. Hollinsworth Executive Vice President-Operations