Business ExpansionACHC added 15 beds and five new CTCs during the quarter, and expects to add nearly 300 new beds to existing facilities and open nearly 700 beds at new facilities for a total of roughly 1,200 new beds for FY2024.
Growth PotentialGrowth is expected to be in the double-digit range in the coming years, with free cash flow accelerating, suggesting potential for multiple expansion.
Stock ValuationThe recent sell-off has made Acadia's stock valuation very compelling, as it is trading at a level that undervalues the company's growth potential.