Acadia Healthcare $ACHC Downtrend Channel Breakout After Opening CTCs In Georgia

Get Email Alerts and Follow Us:
SOCIALICON

On November 21, 2022, Acadia Healthcare $ACHC stock formed a downtrend channel breakout pattern. The stock has been range bound in a consolidation pattern for 4 months. The stock is approaching a key resistance level at $86.73.

Acadia Healthcare stock chart on November 21 2022 with a downtrend channel breakout pattern and a positive MACD and money flow
Acadia Healthcare stock chart on November 21 2022 with a downtrend channel breakout pattern and a positive MACD and money flow

Acadia Healthcare Opens Four New CTCs In Georgia

On November 8, 2022, Acadia Healthcare’s four brand-new Comprehensive Treatment Centers (CTCs) in Georgia started taking on new patients. Adults who have struggled with heroin, prescription painkiller, and other opioid addictions are treated with medication-assisted care in CTCs.

The four CTCs were recently purchased by Acadia from Brand New Start Treatment Centers in Georgia.

At all four CTCs, outpatient treatment will include both medication and counseling. They may give patients a prescription for methadone or buprenorphine following a thorough evaluation and discussion with one of the center’s medical professionals. These drugs enable people to stop using opioids without going through the strong cravings and excruciating withdrawal symptoms that would typically occur when used as prescribed within the framework of a licensed medication-assisted treatment program.

“We are excited to have the opportunity to play a critical role in ending the opioid epidemic in our community,” said Erin McCarthy, regional vice president of Comprehensive Treatment Centers. “These CTCs will provide personalized treatment that can help adults achieve long-term recovery from opioid addictions. From admission to discharge, our patients will receive first-class care in an atmosphere of dignity and respect.”

We think there’s room to run in health care: Citi’s Kristen Bitterly

We think there's room to run in health care: Citi's Kristen Bitterly
Get Email Alerts and Follow Us:
SOCIALICON