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Acadia Healthcare
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Operates extensive behavioral health treatment network
Acadia Healthcare
Work Here?
Operates extensive behavioral health treatment network
Overview
Acadia Healthcare runs a large network of behavioral health facilities across 40 states, offering inpatient, residential, and outpatient care for mental health and addiction. Its services include inpatient psychiatric care, substance abuse detox, medication-assisted treatment, family therapy, and experiential therapies, delivered through 230 locations and coordinated across levels of care. It differentiates itself by scale, the variety of treatment tracks, and its strategy of forming joint ventures with established health systems to expand reach. Its goal is to improve access to behavioral health care by growing its nationwide network and partnerships to provide coordinated, end-to-end treatment.
About Acadia Healthcare
Industries
Healthcare
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Franklin, Texas
Founded
2005
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Simplify's Take
What believers are saying
- 2026 profitability spike from 2024 record bed expansion pushing revenue to $3.37B–$3.45B.
- New CEO aims to double revenue by 2028 via joint ventures and facility growth.
- Q1 2026 revenue beat expectations by 7.6% with non-GAAP EPS exceeding projections 39.7%.
What critics are saying
- False Claims Act litigation for unnecessary Florida and Indiana billing likely 40–55% in 9–15 months.
- Patient sexual abuse lawsuits could trigger closures and reputational collapse within 6–12 months.
- Institutional investor exits like Canyon Capital accelerating share price collapse to $15 range.
What makes Acadia Healthcare unique
- Largest U.S. stand-alone behavioral healthcare network with 260 locations across 40 states.
- Leading joint venture model with 21 health system partners and 22 hospitals.
- 57% Medicaid-driven revenue resilient amid 277 facilities supporting acute and outpatient care.
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Funding
Total Funding
$1.6B
Above
Industry Average
Funded Over
1 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Paid Sick Leave
Stock Price
Growth & Insights and Company News
6 month growth
↑ 11%1 year growth
↑ 11%2 year growth
↑ 11%Acadia announces new chief executive officer. Acadia is pleased to welcome Debbie Osteen as its new chief executive officer. Ms. Osteen previously served as Acadia's CEO from December 2018 to March 2022, during which time she led the company through a period of significant progress and evolution, stewarding its strategic vision and overseeing significant growth. Ms. Osteen has also been reappointed to the company's board of directors, on which she previously served until 2024. Ms. Osteen has held multiple esteemed leadership positions throughout her career, including executive vice president of Universal Health Services, Inc. and president of UHS' behavioral health division.
Acadia to pay $179 million. Acadia Healthcare agreed to pay $179 million to settle a class action lawsuit that alleged securities fraud. The settlement will include a release "with no admission or finding of liability by Acadia or any of its former or current officers". The company faced major lawsuits in the past, paying $405 million then $400 million.
The Jason Foundation (JFI), Acadia Healthcare, and the American Football Coaches Association (AFCA) have partnered to launch Coaching Minds Changing Lives (CMCL), a groundbreaking initiative designed to equip coaches, athletic personnel, and colleges with resources to support student-athletes facing mental health or substance use challenges.
As reported by Law.com, Chris Howard, the outgoing General Counsel, is retiring after 12 years at Acadia.
Acadia Healthcare has recently made headlines with the appointment of Heather Dixon as its new Chief Financial Officer (CFO), effective July 10, 2023.
Acadia Healthcare is Hiring for 468 Jobs on Simplify!
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About Acadia Healthcare
Industries
Healthcare
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Franklin, Texas
Founded
2005
Acadia Healthcare is Hiring for 468 Jobs on Simplify!
Find jobs on Simplify and start your career today