Health Care Facilities
Case studies in health care facilities.
Acadia Healthcare: Where Should the Next Growth Dollar Go?
Acadia Healthcare had added 322 beds during the first half of 2026 and said it was still ramping occupancy at facilities opened in recent years. At the same time, its second-quarter same-facility revenue was nearly flat, even as admissions and patient days increased. Management lowered its fiscal 2026 capital-spending outlook and raised its operating-cash-flow forecast. Read case
HCA Healthcare: where should the next dollar of growth go?
By the close of November 10, HCA’s November 9 Investor Day materials and replay were public. The presentations described a company expanding both hospitals and outpatient access points. They also pointed to a large pool of emergency visits outside HCA’s network and to long-term earnings-growth targets. Read case
Sonida Senior Living: How Far Should Integration Go?
On August 10, 2026, Sonida Senior Living reported its first full quarter-end results since completing its acquisition of CNL Healthcare Properties (CHP) in March. It reported a broader portfolio of 164 owned, managed or invested-in communities with more than 16,500 units across 35 states, including 152 owned communities. Read case
Universal Health Services — Turning 144 Planned Beds into Staffed Behavioral-Health Capacity
On 13 February 2023, Universal Health Services (UHS) and Lehigh Valley Health Network (LVHN) announced a joint venture to build a 144-bed behavioral-health hospital in Hanover Township, Pennsylvania, across from LVHN-Muhlenberg. At the time, the partners projected a spring 2024 groundbreaking and fall 2025 opening. The planned facility was 97,000 square feet. , lines 216–219. Read case