ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Acadia Healthcare Breaks Ground on New Behavioral Health Hospital in Arizona

Inpatient Treatment Facility Will Be Named Agave Ridge Behavioral Hospital

Acadia Healthcare Company today held a groundbreaking ceremony marking the beginning of construction on the new hospital that the company is building to serve residents of Mesa, Arizona, and surrounding communities. Slated to open in early 2024, the 100-bed acute care behavioral health hospital will be located on a 12-acre site at the corner of Ellsworth Road and Peterson Avenue in Mesa.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230306005668/en/

Executives from Acadia Healthcare and General Contractor Adolfson & Peterson Construction joined with local dignitaries to break ground on the new Agave Ridge Behavioral Hospital in Mesa, Arizona, on March 6, 2023. (Photo: Business Wire)

Executives from Acadia Healthcare and General Contractor Adolfson & Peterson Construction joined with local dignitaries to break ground on the new Agave Ridge Behavioral Hospital in Mesa, Arizona, on March 6, 2023. (Photo: Business Wire)

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

The groundbreaking was honored by the presence of City of Mesa Mayor John Giles. Attendees saw the site of the new hospital and an architectural rendering of the facility. Event speakers discussed its anticipated impact on the community’s need for additional mental health services.

According to data compiled from the Treatment Advocacy Center, U.S. Census Bureau and American Hospital Directory, Maricopa County has a deficit of 893 behavioral health beds in the County. The County should have 2,331 beds to meet its behavioral health care needs but presently only has 1,492 beds available. Furthermore, the National Institutes of Health has reported that one in every five people have a mental health need. In Arizona, this represents over one million residents ages 12 and up. Additionally, the American Foundation for Suicide Prevention identified suicide is the 2nd leading cause of death among Arizonians ages 10–34.

“The dearth of mental health resources is a national problem that we also face in Arizona,” said Dr. Jeffrey Woods, Operations Group President of Acadia Healthcare. “We are very pleased to announce that construction is underway for Agave Ridge Behavioral. It will be state-of-the-art and provide the hope and healing that residents of Mesa and the surrounding communities need when dealing with complex behavioral health issues. We want to thank local officials for their collaboration and prompt attention to this project. We will become a strong member of the community, partnering with all organizations, hospitals and first responders.”

About Acadia Healthcare

Acadia is a leading provider of behavioral healthcare services across the United States. As of December 31, 2022, Acadia operated a network of 250 behavioral healthcare facilities with approximately 11,000 beds in 39 states and Puerto Rico. With more than 23,000 employees serving approximately 75,000 patients daily, Acadia is the largest stand-alone behavioral healthcare 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.

Contacts

Gretchen Hommrich

Vice President, Investor Relations

Acadia Healthcare

(615) 861-6000

Recent Quotes

View More
Symbol Price Change (%)
AMZN  244.41
+1.37 (0.56%)
AAPL  268.47
-1.30 (-0.48%)
AMD  233.54
-4.16 (-1.75%)
BAC  53.20
-0.09 (-0.17%)
GOOG  279.70
-5.64 (-1.98%)
META  621.71
+2.77 (0.45%)
MSFT  496.82
-0.28 (-0.06%)
NVDA  188.15
+0.07 (0.04%)
ORCL  239.26
-4.54 (-1.86%)
TSLA  429.52
-16.39 (-3.68%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.