Behavioral Health Business September 20, 2023
Several behavioral health-focused public companies raised their earnings and revenue forecasts for 2023.
Industry headwinds, including a more favorable workforce environment, the steady demand for services, and payer rate increases, have led to several companies, including Talkspace Inc. (Nasdaq: TALK), LifeStance Health Group Inc. (Nasdaq: LFST) and Acadia Healthcare Co. Inc. (Nasdaq: ACHC) to raise their revenue forecast.
“We really have an outstanding platform for growth and value creation, and the momentum in the business right now reinforces our confidence in the future and the work that [our employees] do every day,” Chris Hunter, CEO of Acadia Healthcare, said on the company’s second-quarter earnings call.
Franklin, Tennessee-based Acadia Healthcare’s confidence in its business and the wider macroeconomic environment inspired the...
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