Joey Jacobs, Chairman and Chief Executive Officer of Acadia, commented, “For the third quarter, Acadia continued to produce substantial revenue growth compared with the same prior year quarter, due to the addition of new facilities and increased same facility revenue. With the acquisition during the third quarter of the Timberline Knolls facility located near Chicago, we had 33 facilities in operation with over 2,400 licensed beds in 19 states at September 30, 2012 compared with 19 facilities with approximately 1,700 licensed beds in 13 states at the same time in 2011. In addition, we produced an 8.3% increase in same facility revenue for the third quarter of 2012, primarily reflecting 8.7% growth in patient days.“The operating leverage generated by this increase in same facility revenue, as well as our disciplined focus on improved operating productivity and efficiency, drove a 230 basis point increase in the same facility EBITDA margin, to 21.4% of same facility revenue from 19.1% for the third quarter of 2011. Adjusted consolidated EBITDA increased to $21.1 million, or 20.4% of consolidated revenue for the third quarter of 2012, up from $10.1 million, or 16.6% of consolidated revenue, for the third quarter of 2011.
Acadia Healthcare Reports Third Quarter Adjusted EPS Of $0.17 And EPS Of $0.16
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