Credit Spotlight – Activist Interest in Acadia Health: BI Replay

Acadia Healthcare, the largest publicly traded behavioral health facility operator in the United States, is leveraged around 3x with its debt trading relatively tight for for its rating around 6%. At the same time, the company's total enterprise value multiple stands around 6x, almost a stressed multiple for a company growing revenues and earnings around 10% annually. Litigation and reimbursement risk have cast a long shadow over the company's growth narrative and corresponding valuation over the past few years, yet we see opportunities for growth above and beyond bed additions, while prioritizing patient outcomes. Join Bloomberg Intelligence Analysts Mike Holland And Glen Losev as they review recent activist interest, the company's strategic process over the past several years and take a look at industry growth and trends.