The 2012 Fast15

Our latest list of Middle Tennessee companies that are booming and hungry to build on their success stories
Jun 15, 2012 6:43 AM
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Ticker: Bang for the buck

Our annual ranking of local public-company CEOs’ pay is topped by familiar faces
Jun 12, 2012 6:43 AM
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Acadia files for $140M offering

On top of launching sale of more than eight million shares, company also says goodbye to pair of veteran execs
Apr 30, 2012 11:38 AM

How Acadia plans to get into the black

In a filing prepping investors for the closing of its acquisition of PHC, the former Psychiatric Solutions executives now running Acadia Healthcare detail their six-month numbers — pro forma, the combined company would have lost more than $17 million on revenues of $168 million in large part because of one-time items — and outline some of the strategies they plan to use to guide the combined company toward profitability.

First up is the PHC headquarters north of Boston; shutting that down and moving what's still needed will save Acadia $3.4 million per year. Then there will be an organic growth push on all fronts: "Increasing bed capacity in existing facilities, increasing utilization rates at our existing facilities, leveraging out-of-state referrals to increase volume, developing a national marketing plan and expanding services at existing facilities."

Sep 8, 2011 12:29 PM