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Just caught ACHC jumping over 21% today - Debbie Osteen is back as CEO and the market's clearly pumped about it. She was running the company before and apparently did solid work, so investors seem confident in her return.
So basically Chris Hunter stepped down and now Debbie Osteen is taking the helm again. The company's sticking with its 2025 guidance - revenue between $3.28-3.30 billion and adjusted EPS of $1.94-2.04. That kind of stability usually means management knows what they're doing.
Acadia's the big player in behavioral healthcare in the US, and from what the board chairman said, Debbie Osteen was instrumental in building that. Under the previous leadership they expanded capacity and added facilities, but bringing back someone who already knows the business seems like a smart move when you want consistency.
Stock was trading between $11.43 and $45.61 over the year, so $14.20 today is still in the lower half of that range. Interesting that Debbie Osteen's return triggered such a strong reaction - feels like the market had confidence in her track record. Worth keeping an eye on how this plays out through 2025.