Acadia (ACHC) & SCL Health Form JV, Mark 15th Partnership


Acadia Health Care Company, Inc. The CCHA recently announced that it has formed a Joint Venture (JV) with Colorado-based nonprofit and faith-based healthcare organization SCL Health. The joint venture is expected to build a standalone 144-bed behavioral health unit in the Denver area.

The move is expected to strengthen Acadia Healthcare’s footprint in Colorado. The new hospital is expected to be operational in mid-2023. With the growing demand for high quality and accessible behavioral health services, Acadia Healthcare expects the joint venture to improve all-inclusive inpatient and outpatient services and play a critical role in heightening community awareness and improving patient experience. The agreement is part of the company’s strategy to boost the range of acute services.

The agreement with SCL Health marks Acadia Healthcare’s 15th partnership, reflecting the focus on expanding capacity in the United States. ACHC is actively seeking joint ventures with renowned healthcare systems, which helps the company expand its capabilities through the addition of beds. The healthcare provider has a strong portfolio of joint venture projects that have yet to be completed. This makes the company optimistic for 2022, which will likely be its strongest year in terms of joint ventures, as four or five facilities are expected to begin operations.

On a related note, earlier this month he announced a partnership with Florida-based Orlando Health. The agreement was to strengthen Acadia Healthcare’s presence in the Southeastern United States. Last month, Acadia Healthcare entered into a joint venture with California’s renowned integrated health system, Scripps Health, to operate an inpatient behavioral health hospital in the Eastlake community of Chula Vista. The hospital will house 120 beds and a specialized unit, which will deal with the behavioral health treatment of active duty military personnel and veterans.

With the huge network and full services of this Zacks Rank # 3 (Hold) business, these joint ventures are expected to meet the growing behavioral health needs in communities. You can see The full list of Zacks # 1 Rank (Strong Buy) stocks today here.

Other hospital companies like HCA Health, Inc. HCA, Tenet Healthcare Company THC, and Universal Health Services, Inc. The UHS is also taking several steps to strengthen its presence and meet the growing demand for high quality health services.

Based in Nashville, Tennessee, HCA Healthcare is a leading healthcare service provider in the United States, with a portfolio comprising 185 hospitals, five mental hospitals and two rehab hospitals as of the end of 2020. HCA is focused on acquisitions, which strengthened its portfolio, led to the expansion of the network and increased patient volumes. Its net income for 2021 is expected to grow 63.7% year-over-year. It has seen nine upward estimate revisions in the past 60 days and a move in the opposite direction. HCA has beaten earnings estimates in each of the past four quarters, averaging 21.7%.

Based in Dallas, Texas, Tenet Healthcare is an investor-owned health care services company that owns and operates general hospitals and related health care facilities for urban and rural communities in many states. THC completed the acquisition of a portfolio of 45 outpatient surgical centers from SurgCenter Development for a value of $ 1.1 billion in December 2020. THC also entered into an agreement with Compass Surgical Partners to acquire management interests and responsibilities of the latter in nine ASCs. THC is penetrating more in North Carolina. Its net income for 2021 is expected to grow 34.5% year-over-year.

King of Prussia, Pa., Universal Health Services owns and operates (through its subsidiaries) acute care hospitals, behavioral health centers, outpatient surgery centers, surgical hospitals, and radio centers. oncology. UHS has created 439 beds in its acute care and behavioral health hospitals. Additionally, over the years, acquisitions have played a key role in shaping UHS ‘growth trajectory. Over the past three years, Universal Health has spent more than $ 170 million to acquire businesses and properties. This year, UHS acquired 88 beds through the acquisition of the Las Vegas Specialty Hospital and a LEED Medical Center micro-hospital. Its net income for 2021 is expected to grow 5.9% year-over-year.

Performance Award

Acadia Health shares are up 17.5% in the past year compared to the industry’s 35.7% gain.

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During this period, shares of HCA Healthcare and Tenet Healthcare each gained 51.7% and 88.2%, while those of Universal Health Services lost 7%.

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Each was selected by a Zacks expert as the # 1 favorite stock to earn + 100% or more in 2021. Previous recommendations climbed + 143.0%, + 175.9%, + 498.3% and + 673.0%.

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