Top 9 Healthcare Stocks to Buy According to Billionaire David Einhorn

7. Acadia Healthcare Company Inc. (NASDAQ:ACHC)

Greenlight Capital’s Equity Stakes: $5.10 Million

Number of Hedge Fund Holders:46

Acadia Healthcare (NASDAQ:ACHC) is a medical care facilities company that provides behavioural healthcare services. It develops and operates acute inpatient psychiatric and specialty treatment facilities while providing outpatient behavioural healthcare services. It is one of the top healthcare stocks in David Einhorn’s portfolio as it enjoys growth momentum in its core business.

Acadia Healthcare (NASDAQ:ACHC) reported a record annual revenue of $3.2 billion for the year ending December 31, 2024, driven by strong demand for its behavioral healthcare services. Additionally, Acadia Healthcare Company is benefiting from its ability to expand its capacity to meet demand for healthcare services across the care sector. For starters, the company had its largest bed expansion in 2024.

Acadia Healthcare (NASDAQ:ACHC) unveiled three new facilities in Q4 2024 as part of its expansion plan. It also completed the construction of 1,300 new beds in 2024. Amid the expansion plan, the company exited the year with $76.3 million in cash and $226.5 million under its revolving credit facility, which it can use to accelerate its push for new growth opportunities. The authorization of a $300 million buyback program also underscores its commitment to shareholder value.