ACHC on Nasdaq
Acadia Healthcare
Logo: acadiahealthcare.com5
American health care company
Acadia Healthcare Company, Inc. is an American provider of for-profit behavioral healthcare services. It operates a network of over 225 facilities across the United States and Puerto Rico. The company is headquartered in Franklin, Tennessee.3 Its shares trade on Nasdaq under the symbol ACHC.1 Wikipedia text CC BY-SA 4.0
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Last updated Oct 21, 2026.
Overview
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- TickerACHC on Nasdaq1
- Industryhealth care1
- HeadquartersFranklin1
- Websitewww.acadiahealthcare.com
- Legal formDelaware corporation1
- Incorporated inDE6
- Business address6100 Tower Circle, Suite 1000, Franklin, Tn 370676
- Filer categoryLarge accelerated filer6
- LEI5493005CW985Y9D0NC114
- StatusActive4
- LEI statusLapsed (not renewed)4
- Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
- Registered withDivision of Corporations, Department of State, 40500704
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Acadia Healthcare Company, Inc. is an American provider of for-profit behavioral healthcare services. It operates a network of over 225 facilities across the United States and Puerto Rico.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs99¢$3.3B
- Income tax1¢$26.0M
Out of $3.3B in revenue.9 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending92¢$571.8M
- Share buybacks8¢$50.0M
Out of $131.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.9
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.9
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $3.3B | $3.2B | $2.9B |
| Salaries, wages and benefits (including equity-based compensation expense of $31,708, $37,113, and $32,289, respectively) | $1.8B | $1.7B | $1.6B |
| Professional fees | $195.5M | $189.7M | $176.0M |
| Supplies | $118.0M | $112.7M | $106.0M |
| Rents and leases | $48.0M | $47.9M | $46.6M |
| Other operating expenses | $553.3M | $440.8M | $388.9M |
| Income from provider relief fund | -$6.4M | ||
| Depreciation and amortization | $189.2M | $149.6M | $132.3M |
| Interest expense, net | $138.9M | $116.4M | $82.1M |
| Debt extinguishment costs | $1.3M | ||
| Legal settlements expense | $151.0M | $394.2M | |
| Loss on impairment | $1.0B | $17.3M | $9.8M |
| Gain on sale of property | -$8.7M | -$9.7M | |
| Transaction, legal and other costs | $163.6M | $46.8M | $62.0M |
| Total expenses | $4.4B | $2.8B | $3.0B |
| (Loss) income before income taxes | -$1.1B | $341.9M | -$25.4M |
| Provision for (benefit from) income taxes | $26.0M | $77.4M | -$9.7M |
| Net (loss) income | -$1.1B | $264.5M | -$15.7M |
| Net income attributable to noncontrolling interests | -$10.8M | -$8.9M | -$6.0M |
| Net (loss) income attributable to Acadia Healthcare Company, Inc. | -$1.1B | $255.6M | -$21.7M |
| Basic | -$12.16 | $2.79 | -$0.24 |
| Diluted | -$12.16 | $2.78 | -$0.24 |
| Basic | 90.7M shares | 91.6M shares | 90.9M shares |
| Diluted | 90.7M shares | 92.1M shares | 90.9M shares |
| Equity-based compensation expense | $31.7M | $37.1M | $32.3M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.9
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $133.2M | $76.3M | ||
| Accounts receivable, net | $440.6M | $365.3M | ||
| Other current assets | $240.3M | $135.8M | ||
| Total current assets | $814.1M | $577.5M | ||
| Property and equipment, net | $3.1B | $2.9B | ||
| Goodwill | $1.3B | $2.3B | $2.2B | |
| Intangible assets, net | $96.7M | $70.0M | ||
| Deferred tax assets | $2.5M | $21.0M | ||
| Operating lease right-of-use assets | $134.0M | $118.4M | ||
| Other assets | $72.5M | $52.0M | ||
| Total assets | $5.5B | $6.0B | ||
| Current portion of long-term debt | $28.4M | $76.8M | ||
| Accounts payable | $150.4M | $232.7M | ||
| Accrued salaries and benefits | $188.6M | $155.4M | ||
| Current portion of operating lease liabilities | $21.2M | $25.5M | ||
| Other accrued liabilities | $136.6M | $87.5M | ||
| Total current liabilities | $525.2M | $577.9M | ||
| Long-term debt | $2.5B | $1.9B | ||
| Deferred tax liabilities | $66.6M | $83.9M | ||
| Operating lease liabilities | $122.0M | $101.8M | ||
| Other liabilities | $201.6M | $122.3M | ||
| Total liabilities | $3.4B | $2.8B | ||
| Redeemable noncontrolling interests | $191.6M | $117.1M | $105.7M | |
| Common stock, $0.01 par value; 180,000,000 shares authorized;90,452,843 and 91,775,264 issued and outstanding as of December 31, 2025 and 2024, respectively | $905.0K | $918.0K | ||
| Additional paid-in capital | $2.7B | $2.7B | ||
| (Accumulated deficit) retained earnings | -$765.8M | $387.3M | ||
| Total equity | $1.9B | $3.1B | $2.8B | $2.8B |
| Total liabilities and equity | $5.5B | $6.0B | ||
| Preferred stock, par value | $0.01 | $0.01 | ||
| Preferred stock, authorized | 10.0M shares | 10.0M shares | ||
| Preferred stock, issued | 0 shares | 0 shares | ||
| Common stock, par value | $0.01 | $0.01 | ||
| Common stock, shares authorized | 180.0M shares | 180.0M shares | ||
| Common stock, shares issued | 90.5M shares | 91.8M shares | ||
| Common stock, shares outstanding | 90.5M shares | 91.8M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $133.2M | $76.3M | ||
| Accounts receivable, net | $440.6M | $365.3M | ||
| Other current assets | $240.3M | $135.8M | ||
| Total current assets | $814.1M | $577.5M | ||
| Property and equipment, net | $3.1B | $2.9B | ||
| Goodwill | $1.3B | $2.3B | $2.2B | |
| Intangible assets, net | $96.7M | $70.0M | ||
| Deferred tax assets | $2.5M | $21.0M | ||
| Operating lease right-of-use assets | $134.0M | $118.4M | ||
| Other assets | $72.5M | $52.0M | ||
| Total assets | $5.5B | $6.0B | ||
| Current portion of long-term debt | $28.4M | $76.8M | ||
| Accounts payable | $150.4M | $232.7M | ||
| Accrued salaries and benefits | $188.6M | $155.4M | ||
| Current portion of operating lease liabilities | $21.2M | $25.5M | ||
| Other accrued liabilities | $136.6M | $87.5M | ||
| Total current liabilities | $525.2M | $577.9M | ||
| Long-term debt | $2.5B | $1.9B | ||
| Deferred tax liabilities | $66.6M | $83.9M | ||
| Operating lease liabilities | $122.0M | $101.8M | ||
| Other liabilities | $201.6M | $122.3M | ||
| Total liabilities | $3.4B | $2.8B | ||
| Redeemable noncontrolling interests | $191.6M | $117.1M | $105.7M | |
| Common stock, $0.01 par value; 180,000,000 shares authorized;90,452,843 and 91,775,264 issued and outstanding as of December 31, 2025 and 2024, respectively | $905.0K | $918.0K | ||
| Additional paid-in capital | $2.7B | $2.7B | ||
| (Accumulated deficit) retained earnings | -$765.8M | $387.3M | ||
| Total equity | $1.9B | $3.1B | $2.8B | $2.8B |
| Total liabilities and equity | $5.5B | $6.0B | ||
| Preferred stock, par value | $0.01 | $0.01 | ||
| Preferred stock, authorized | 10.0M shares | 10.0M shares | ||
| Preferred stock, issued | 0 shares | 0 shares | ||
| Common stock, par value | $0.01 | $0.01 | ||
| Common stock, shares authorized | 180.0M shares | 180.0M shares | ||
| Common stock, shares issued | 90.5M shares | 91.8M shares | ||
| Common stock, shares outstanding | 90.5M shares | 91.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.9
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss) income | -$1.1B | $264.5M | -$15.7M |
| Depreciation and amortization | $189.2M | $149.6M | $132.3M |
| Amortization of debt issuance costs | $4.9M | $4.1M | $3.3M |
| Equity-based compensation expense | $31.7M | $37.1M | $32.3M |
| Deferred income taxes | $1.1M | $67.7M | -$94.0M |
| Debt extinguishment costs | $1.3M | ||
| Non-cash legal settlements expense | $3.5M | $394.2M | |
| Loss on impairment | $1.0B | $17.3M | $9.8M |
| Gain on sale of property | -$8.7M | -$9.7M | |
| Other | $1.6M | -$4.7M | $3.2M |
| Accounts receivable, net | -$75.0M | -$2.3M | -$39.0M |
| Other current assets | -$47.2M | -$7.5M | $8.9M |
| Other assets | -$11.3M | $521.0K | $989.0K |
| Accounts payable and other accrued liabilities | $14.9M | -$420.9M | $17.4M |
| Accrued salaries and benefits | $26.7M | $12.1M | $16.5M |
| Other liabilities | $83.3M | $12.2M | $10.8M |
| Government relief funds | -$9.0M | ||
| Net cash provided by operating activities | $131.9M | $129.7M | $462.3M |
| Cash paid for acquisitions, net of cash acquired | -$8.2M | -$53.5M | -$349.0K |
| Cash paid for capital expenditures | -$571.8M | -$690.4M | -$424.1M |
| Proceeds from sale of property and equipment | $23.8M | $10.4M | $29.4M |
| Other | -$90.0K | -$3.0M | -$2.2M |
| Net cash used in investing activities | -$556.2M | -$736.5M | -$397.2M |
| Borrowings on long-term debt | $1.2B | $350.0M | |
| Principal payments on revolving credit facility | -$1.0B | -$15.0M | -$35.0M |
| Principal payments on long-term debt | -$12.2M | -$56.3M | -$21.2M |
| Repayment of long-term debt | -$670.9M | ||
| Payment of debt issuance costs | -$18.6M | -$1.5M | |
| Repurchase of shares for payroll tax withholdings, net of proceeds from stock option exercises | -$4.2M | -$1.3M | -$44.3M |
| Repurchase of common stock | -$50.0M | ||
| Contributions from noncontrolling partners in joint ventures | $8.6M | $5.2M | $3.0M |
| Distributions to noncontrolling partners in joint ventures | -$3.9M | -$3.0M | -$5.1M |
| Cash paid for contingent consideration | -$1.5M | ||
| Other | -$90.0K | $37.0K | |
| Net cash provided by (used in) financing activities | $481.3M | $583.0M | -$62.7M |
| Net increase (decrease) in cash and cash equivalents | $56.9M | -$23.8M | $2.4M |
| Cash paid for interest | $124.7M | $113.4M | $80.7M |
| Cash paid for income taxes | $30.1M | $28.1M | $66.4M |
| Assets acquired, excluding cash | $53.6M | $59.2M | $6.8M |
| Liabilities assumed | -$893.0K | -$4.2M | -$128.0K |
| Contingent consideration issued in connection with an acquisition | -$1.5M | ||
| Redeemable noncontrolling interest resulting from an acquisition | -$44.6M | -$6.3M |
No quarter-by-quarter statement was filed.
Corporate structure
Acadia Healthcare sits at the top of its group. 179 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Acadia Healthcare
- DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G on Acadia Healthcare, latest Oct 8, 2026 (4 filings since Feb 8, 2022)
- Khrom Investments Fund, LP Filed SCHEDULE 13G/A on Acadia Healthcare, latest Aug 14, 2026 (6 filings since Oct 1, 2025)
- Wellington Management Company Filed SCHEDULE 13G/A on Acadia Healthcare, latest Aug 13, 2026 (10 filings since Feb 4, 2022)
- FMR LLC Filed SCHEDULE 13G/A on Acadia Healthcare, latest Aug 6, 2026 (4 filings since Feb 9, 2024)
- BlackRock Filed SCHEDULE 13G/A on Acadia Healthcare, latest Jul 27, 2026 (5 filings since Feb 3, 2022)
- Goldman Sachs Filed SCHEDULE 13G/A on Acadia Healthcare, latest May 11, 2026 (2 filings since Feb 12, 2026)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Acadia Healthcare, latest Apr 29, 2026
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on Acadia Healthcare, latest Apr 28, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Acadia Healthcare, latest Mar 26, 2026 (5 filings since Feb 9, 2022)
- T. Rowe Price Investment Management, Inc. Filed SCHEDULE 13G/A on Acadia Healthcare, latest May 14, 2025 (5 filings since Aug 10, 2022)
- PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on Acadia Healthcare, latest Aug 10, 2022 (2 filings since Feb 14, 2022)
- Acadia Healthcare Franklin, Tennessee, United States
- Acadia - Tufts Medicine JV, LLC dba Tufts Medicine Behavioral Health Hospital Subsidiary · Delaware, United States
- Acadia - Vidant Joint Venture, LLC dba ECU Health Behavioral Health Hospital Subsidiary · Delaware, United States
- Acadia Chattanooga Holdings, LLC Subsidiary · Tennessee, United States
- Acadia Crestwyn Holdings, LLC Subsidiary · Tennessee, United States
- Acadia CTC Holdings, LLC Subsidiary · Tennessee, United States
- Acadia Denver JV Holdings, LLC Subsidiary · Delaware, United States
- Acadia St. Paul JV Holdings, LLC Subsidiary · Delaware, United States
- Acadia St. Paul JV, LLC dba Capitol Park Mental Health Hospital Subsidiary · Delaware, United States
- Acadia-SCL Health JV, LLC dba West Pines Behavioral Hospital Subsidiary · Delaware, United States
- Acadiana Addiction Center, LLC dba Acadiana Addiction Center Subsidiary · Delaware, United States
- Advanced Treatment Systems, LLC dba Coatesville Treatment Center dba Coatesville Comprehensive Treatment Center dba Lebanon Treatment Center dba Lebanon Comprehensive Treatment Center Subsidiary · Virginia, United States
- Arizona Treatment Center, LLC Subsidiary · Delaware, United States
- Arkansas Treatment Centers, LLC Subsidiary · Delaware, United States
- Ascent Acquisition - CYPDC, LLC dba Ascent Acquisition - CYPDC Subsidiary · Arkansas, United States
- Ascent Acquisition - PSC, LLC dba Ascent Acquisition - PSC Subsidiary · Arkansas, United States
- Ascent Acquisition, LLC dba Ascent Children’s Health Services dba Ascent Subsidiary · Arkansas, United States
- Aspen Education Group, Inc. Subsidiary · California, United States
- Aspen Youth, Inc. Subsidiary · California, United States
- Atlanta Recovery Center, LLC Subsidiary · Delaware, United States
- Austin Behavioral Hospital, LLC dba Cross Creek Hospital dba Cross Creek Behavioral Hospital Subsidiary · Delaware, United States
- Austin Eating Disorders Partners, LLC dba McCallum Place Austin Subsidiary · Missouri, United States
- Azure Acres Treatment Center, LLC dba Azure Acres Recovery Center Subsidiary · Delaware, United States
- Baton Rouge Treatment Center, LLC dba Baton Rouge Comprehensive Treatment Center Subsidiary · Louisiana, United States
- Bayside Marin, Inc. dba Bayside Marin I dba Bayside Marin II dba Bayside Marin III dba Bayside Marin IV dba Bayside San Francisco Subsidiary · Delaware, United States
- BCA of Detroit, LLC dba BCA Stonecrest Center dba StoneCrest Center Subsidiary · Delaware, United States
- and 153 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Acadia Healthcare reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $4.1B9 Dec 31, 2025 | $3.7B9 Dec 31, 2024 | +9.8% |
| Accumulated depreciation | $1.0B9 Dec 31, 2025 | $896.1M9 Dec 31, 2024 | +12.2% |
| Property and equipment, net | $3.1B9 Dec 31, 2025 | $2.9B9 Dec 31, 2024 | +9.0% |
| Finance-lease assets | $7.1M9 Dec 31, 2025 | $7.9M9 Dec 31, 2024 | −10.4% |
| Operating-lease assets (leased space) | $134.0M9 Dec 31, 2025 | $118.4M9 Dec 31, 2024 | +13.2% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $133.2M9 Dec 31, 2025 | $76.3M9 Dec 31, 2024 | +74.6% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $1.3B9 Dec 31, 2025 | $2.3B9 Dec 31, 2024 | −42.8% |
| Intangible assets, net (excluding goodwill) | $96.7M9 Dec 31, 2025 | $70.0M9 Dec 31, 2024 | +38.1% |
| Indefinite-lived intangibles (excluding goodwill) | $96.7M9 Dec 31, 2025 | $70.0M9 Dec 31, 2024 | +38.1% |
Inventory
Properties, in its own words
The following table lists, by state or country, the number of behavioral healthcare facilities directly or indirectly owned and operated by us at December 31, 2025:
State · Inpatient Facilities · CTCs · Total Facilities · Operated Beds (1)
The rest of Item 2
Alaska · — · 1 · 1 · —
Arizona · 4 · 1 · 5 · 633
Arkansas · 6 · — · 6 · 873
California · 7 · 14 · 21 · 512
Colorado · 1 · — · 1 · 144
Delaware · 1 · 3 · 4 · 140
Florida · 7 · 5 · 12 · 637
Georgia · 4 · 5 · 9 · 413
Illinois · 2 · — · 2 · 161
Indiana · 2 · 7 · 9 · 253
Iowa · — · 2 · 2 · —
Kansas · — · 1 · 1 · —
Kentucky · — · 1 · 1 · —
Louisiana · 5 · 1 · 6 · 470
Maine · — · 6 · 6 · —
Maryland · — · 3 · 3 · —
Massachusetts · 2 · 15 · 17 · 263
Michigan · 4 · 2 · 6 · 634
Mississippi · 2 · 1 · 3 · 502
Missouri · 4 · — · 4 · 483
Minnesota · 1 · — · 1 · 144
Nevada · 1 · 3 · 4 · 134
New Hampshire · — · 2 · 2 · —
New Jersey · — · 1 · 1 · —
North Carolina · 3 · 14 · 17 · 492
Ohio · 3 · 3 · 6 · 290
Oklahoma · 1 · 3 · 4 · 108
Oregon · — · 7 · 7 · —
Pennsylvania · 16 · 19 · 35 · 2,146
Rhode Island · — · 2 · 2 · —
South Carolina · 1 · 3 · 4 · 63
South Dakota · 1 · — · 1 · 126
Tennessee · 8 · 6 · 14 · 1,101
Texas · 5 · — · 5 · 745
Utah · 2 · 4 · 6 · 140
Vermont · — · 1 · 1 · —
Virginia · 3 · 10 · 13 · 625
Washington · — · 9 · 9 · —
West Virginia · — · 7 · 7 · —
Wisconsin · 2 · 16 · 18 · 156
Puerto Rico · 1 · — · 1 · 172
99 · 178 · 277 · 12,560
(1) CTC facilities do not have operated beds.
See “Item 1. Business — Operations” for a summary description of the facilities that we own and lease. In addition, we currently lease approximately 63,000 square feet of office space at 4020 Aspen Grove Dr., Franklin, Tennessee, for our corporate headquarters. Our headquarters and facilities are generally well maintained and in good operating condition.
Item 2 of the 10-K filed Feb 27, 2026.19
Leadership
Who has led Acadia Healthcare, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerChristopher H. Hunter Apr 13, 2022 to now20
- Chief executive officerDebra K. Osteen Dec 26, 2018 to Apr 13, 202221
- Chief executive officerJoey A. Jacobs Oct 31, 2011 to Mar 7, 201822
- PresidentBrent Turner Oct 31, 2011 to Mar 5, 201923
- PresidentNorman King Carter Iii. Oct 31, 2011 to Mar 21, 201224
- Chief financial officerTimothy August Sides Aug 25, 2025 to Oct 28, 202525
- Chief financial officerTodd S. Young Oct 28, 2025 to now26
- Chief financial officerHeather Brianne Dixon Jul 11, 2023 to Aug 25, 202527
- Chief financial officerDavid M. Duckworth Aug 3, 2012 to Jul 11, 202328
- Chief financial officerJack E. Polson Oct 31, 2011 to Mar 21, 201229
- Chief operating officerNasser Khan Jul 1, 2024 to now30
- Chief operating officerRonald Morgan Fincher Oct 31, 2011 to May 6, 201931
Board members and other officers (32)
- EVP of OperationsJohn S. Hollinsworth Jul 15, 2019 to May 10, 202432
- EVP of FinanceLaurence L. Harrod Aug 15, 2019 to May 11, 202333
- VP of Business DevelopmentRandall P. Goldberg Feb 7, 2017 to Mar 16, 201834
- Chief Compliance OfficerScott Schwieger Feb 7, 2017 to Aug 2, 201735
- EVP, GC and SecretaryChristopher L. Howard Oct 31, 2011 to May 11, 202336
- Vice chairBruce A. Shear Nov 1, 2011 to Feb 7, 201837
- Board memberDaniel J. Cancelmi Mar 18, 2026 to now38
- Board memberPatrice A. Harris Oct 27, 2023 to now39
- Board memberChristopher H. Hunter Apr 13, 2022 to now20
- Board memberRalph David Kelly Jul 11, 2022 to now40
- Board memberMichael Fucci Oct 30, 2020 to now41
- Board memberJason Bernhard Dec 27, 2019 to now42
- Board memberDebra K. Osteen Dec 26, 2018 to now21
- Board memberVicky B. Gregg May 20, 2016 to now43
- Board memberChristopher R. Gordon Feb 23, 2015 to May 7, 201844
- Board memberAllan B. Hubbard May 10, 2013 to May 24, 201345
- Board memberE. Perot Bissell May 16, 2013 to now46
- Board memberHartley R. Rogers May 16, 2013 to May 26, 201747
- Board memberKyle D. Lattner May 28, 2013 to May 23, 201648
- Board memberWade D. Miquelon Jan 30, 2012 to now49
- Board memberBradley M. Eckmann May 4, 2012 to Jul 17, 201350
- Board memberChristopher J. Graber May 4, 2012 to Jul 17, 201351
- Board memberDavid O. Neighbours May 4, 2012 to Jul 17, 201352
- Board memberEric S. Gordon May 4, 2012 to Jul 17, 201353
- Board memberMatthew W. Clary May 4, 2012 to Jul 17, 201354
- Board memberWilliam M. Petrie Nov 8, 2012 to Aug 2, 202255
- Board memberGary A. Mecklenburg Oct 31, 2011 to Oct 31, 201156
- Board memberJoey A. Jacobs Oct 31, 2011 to Mar 8, 201922
- Board memberReeve B. Waud Oct 31, 2011 to now57
- Board memberBruce A. Shear Nov 1, 2011 to May 20, 201637
- Board memberMatthew London Nov 1, 2011 to Jul 17, 201358
- Board memberWilliam Grieco Nov 1, 2011 to now59
Products and brands
Business model
Since the passage of the Affordable Care Act, which requires U.S. insurers to cover mental health care, Acadia has partnered with non-profit U.S. hospital systems such as Henry Ford Hospital in Michigan, Geisinger Health Systems in Pennsylvania, and the Nebraska Methodist Health System. The for-profit partner typically operates facilities under the names of its non-profit partners, such as Mount Carmel Behavioral Health in Columbus, Ohio, which Acadia operates for Mount Carmel Health System.
Acadia markets directly to individuals with mental health issues, encouraging them to "skip the ER" at their local not-for-profit hospital and come directly to an Acadia facility. It develops relationships with first responders to encourage them to bring people experiencing mental health issues directly to an Acadia facility and with emergency room staff to encourage referrals.
Operations
United States
Acadia operates facilities for patients with behavioral problems, PTSD, trauma, eating disorders and substance abuse. In 2022, it had about 22,500 employees and a daily patient census of about 70,000 patients and was said to be the largest pure-play behavioral health company. Also in 2022, it opened a children's hospital in Chicago, a joint venture facility in Knoxville, and two comprehensive treatment centers. As of that year, Acadia had a network of 242 behavioral healthcare facilities with approximately 10,800 beds in 39 states and Puerto Rico.
In 2014, Acadia entered the methadone-clinic business when it bought CRC Health, a large-addiction treatment chain, from the private equity firm Bain Capital. Acadia rapidly expanded this business, and by late 2024, it operated 165 methadone clinic in 33 states, making it the U.S.'s largest methadone-clinic chain.
Read the full text
United Kingdom
In June 2014, Acadia bought Partnerships in Care, a British provider of mental health and social care services and acquired the mental health assets of Care UK in May 2015.
The UK Competition and Markets Authority investigated Acadia's acquisition of Priory Group over concerns on its impact on competition. It sold 22 behavioral health facilities for £320 million to BC Partners in October 2016.
From Wikipedia’s article on Acadia Healthcare, shared under CC BY-SA 4.0.7
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Acadia - Tufts Medicine JV, LLC dba Tufts Medicine Behavioral Health Hospital Delaware8
- Acadia - Vidant Joint Venture, LLC dba ECU Health Behavioral Health Hospital Delaware8
- Acadia CTC Holdings, LLC Tennessee8
- Acadia Chattanooga Holdings, LLC Tennessee8
- Acadia Crestwyn Holdings, LLC Tennessee8
- Acadia Denver JV Holdings, LLC Delaware8
- Acadia St. Paul JV Holdings, LLC Delaware8
- Acadia St. Paul JV, LLC dba Capitol Park Mental Health Hospital Delaware8
- Acadia-SCL Health JV, LLC dba West Pines Behavioral Hospital Delaware8
- Acadiana Addiction Center, LLC dba Acadiana Addiction Center Delaware8
- Advanced Treatment Systems, LLC dba Coatesville Treatment Center dba Coatesville Comprehensive Treatment Center dba Lebanon Treatment Center dba Lebanon Comprehensive Treatment Center Virginia8
- Arizona Treatment Center, LLC Delaware8
- Arkansas Treatment Centers, LLC Delaware8
- Ascent Acquisition - CYPDC, LLC dba Ascent Acquisition - CYPDC Arkansas8
- Ascent Acquisition - PSC, LLC dba Ascent Acquisition - PSC Arkansas8
- Ascent Acquisition, LLC dba Ascent Children’s Health Services dba Ascent Arkansas8
- Aspen Education Group, Inc. California8
- Aspen Youth, Inc. California8
- Atlanta Recovery Center, LLC Delaware8
- Austin Behavioral Hospital, LLC dba Cross Creek Hospital dba Cross Creek Behavioral Hospital Delaware8
- Austin Eating Disorders Partners, LLC dba McCallum Place Austin Missouri8
- Azure Acres Treatment Center, LLC dba Azure Acres Recovery Center Delaware8
- BCA of Detroit, LLC dba BCA Stonecrest Center dba StoneCrest Center Delaware8
- BGI of Brandywine, LLC dba Bowling Green at Brandywine Virginia8
All 178 listed subsidiaries
- Baton Rouge Treatment Center, LLC dba Baton Rouge Comprehensive Treatment Center Louisiana8
- Bayside Marin, Inc. dba Bayside Marin I dba Bayside Marin II dba Bayside Marin III dba Bayside Marin IV dba Bayside San Francisco Delaware8
- Beckley Treatment Center, LLC dba Beckley Treatment Center dba Beckley Comprehensive Treatment Center West Virginia8
- Belmont Behavioral Hospital, LLC dba Philadelphia Children’s Crisis Response Center Delaware8
- Belmont Physician Services, LLC Delaware8
- Bethlehem Behavioral Health, LLC Delaware8
- Blue Ridge Mountain Recovery Center, LLC dba Blue Ridge Mountain Recovery Center Delaware8
- Bowling Green Inn of Pensacola, LLC dba Twelve Oaks dba Twelve Oaks Treatment Center dba Wellness Resource Center Virginia8
- Bowling Green Inn of South Dakota, Inc. dba Keystone Treatment Center Virginia8
- CAPS of Virginia, LLC Virginia8
- CP Acquisition Sub, LLC Delaware8
- CPCA, LLC dba Ann Arbor Treatment Center dba Cedar Rapids Treatment Center dba Holland Treatment Center dba Midcoast Treatment Center dba Western Michigan Treatment Center Delaware8
- CRC ED Treatment, LLC dba Center for Hope of the Sierras dba Montecatini dba Montecatini II dba Carolina House dba Carolina House-Raleigh dba Montecatini Outpatient Treatment Center Delaware8
- CRC Group, LLC Delaware8
- CRC Health, LLC dba eGetgoing Delaware8
- CRC Wisconsin RD, LLC dba Burkwood Treatment Center Wisconsin8
- Canopy Cove, LLC Delaware8
- Capestrano Investment Company, Inc. Puerto Rico8
- Capestrano Realty Company, Inc. Puerto Rico8
- Cartersville Center, LLC dba Cartersville Center dba Cartersville Comprehensive Treatment Center Georgia8
- Cascade Behavioral Holding Company, LLC Delaware8
- Cascade Behavioral Hospital, LLC dba Cascade Behavioral Health Delaware8
- Cedar Crest Clinic Texas8
- Center for Behavioral Health - HA, LLC dba Chambersburg Comprehensive Treatment Center dba Downtown Pittsburgh Comprehensive Treatment Center dba Harrisburg Comprehensive Treatment Center Pennsylvania8
- Center for Behavioral Health - PA, LLC dba Cranberry Township Comprehensive Treatment Center dba Pittsburgh Comprehensive Treatment Center Pennsylvania8
- Center for Behavioral Health-ME, Inc. dba Discovery House dba South Portland Comprehensive Treatment Center Maine8
- Centerpointe Community Based Services, LLC Indiana8
- Charleston Treatment Center, LLC dba Charleston Treatment Center dba Charleston Comprehensive Treatment Center West Virginia8
- Chicago BH Hospital, LLC dba Montrose Behavioral Health Hospital Delaware8
- Clearbrook Treatment Centers, LLC dba Huntington Creek Recovery Center Pennsylvania8
- Cumberland Behavioral Health, LLC dba Ascension Saint Thomas Behavioral Health Hospital Delaware8
- DHG Services, LLC Delaware8
- DMC - Memphis, LLC dba Delta Medical Center dba Delta Specialty Hospital dba Delta Comprehensive Treatment Center Tennessee8
- Danville Hospital Opco, LLC dba Geisinger Behavioral Health Center Danville Delaware8
- Delta Medical Services, LLC Tennessee8
- Detroit Behavioral Institute, LLC dba Capstone Academy dba Detroit Behavioral Institute – Capstone Program dba Detroit Capstone Massachusetts8
- Discovery House CC, LLC dba Mechanicsburg Comprehensive Treatment Center Pennsylvania8
- Discovery House CU, LLC dba Clearfield Comprehensive Treatment Center Pennsylvania8
- Discovery House MA, Inc. Massachusetts8
- Discovery House Monroeville, LLC Pennsylvania8
- Discovery House TV, Inc. dba Taylorsville Comprehensive Treatment Center Utah8
- Discovery House Utah Inc. dba Salt Lake City Comprehensive Treatment Center dba Sandy Comprehensive Treatment Center Utah8
- Discovery House WC Inc. Maine8
- Discovery House of Central Maine, Inc. dba Waterville Comprehensive Treatment Center dba Augusta Comprehensive Treatment Center Maine8
- Discovery House, LLC dba Huntingdon Valley Comprehensive Treatment Center Pennsylvania8
- Discovery House-BC, LLC dba Duncansville Comprehensive Treatment Center Pennsylvania8
- Discovery House-BR, Inc. dba Bangor Comprehensive Treatment Center Maine8
- Discovery House-Group, LLC Delaware8
- Discovery House-HZ, LLC Pennsylvania8
- Discovery House-LT, Inc. dba Layton Comprehensive Treatment Center Utah8
- Discovery House-NC, LLC dba New Castle Comprehensive Treatment Center Pennsylvania8
- Discovery House-UC, Inc. dba Orem Comprehensive Treatment Center Utah8
- Dowell Springs Behavioral Health, LLC dba East Tennessee Behavioral Health Tennessee8
- Duffy’s Napa Valley Rehab, LLC dba Duffy’s Napa Valley Rehab Delaware8
- East Indiana Treatment Center, LLC dba East Indiana Treatment Center dba East Indiana Comprehensive Treatment Center Indiana8
- East Lake Behavioral Health, LLC Delaware8
- El Paso Behavioral Hospital, LLC dba Rio Vista Behavioral Health Delaware8
- Erlanger Behavioral Health, LLC dba Erlanger Behavioral Health Tennessee8
- Evansville Treatment Center, LLC dba Evansville Treatment Center dba Evansville Comprehensive Treatment Center Indiana8
- FENX Healthcare, LLC Delaware8
- First Light Patient Safety Organization, LLC dba First Light PSO Delaware8
- Four Circles Recovery Center, LLC dba Four Circles Evolution Delaware8
- Georgia CTC, LLC dba Cumming Comprehensive Treatment Center dba Dallas Comprehensive Treatment Center dba Loganville Comprehensive Treatment Center dba Woodstock Comprehensive Treatment Center Delaware8
- Gifford Street Wellness Center, LLC dba Gifford Street Wellness Center dba Gifford Street Comprehensive Treatment Center Delaware8
- Greenbrier Holdings, L.L.C. Louisiana8
- Greenbrier Hospital, L.L.C. dba Covington Behavioral Health Louisiana8
- Greenbrier Realty, L.L.C. Louisiana8
- Greenleaf Center, LLC Delaware8
- HCP Polaris Investment, LLC Delaware8
- HFHS-Acadia Joint Venture, LLC dba Henry Ford Health Behavioral Health Hospital Michigan8
- HMIH Cedar Crest, LLC dba Cedar Crest Hospital & RTC Delaware8
- Habilitation Center, LLC dba Millcreek of Arkansas dba Little Creek Behavioral Health Arkansas8
- Hendersonville Recovery Center, LLC Delaware8
- Henryville Inn, LLC Pennsylvania8
- Hermitage Behavioral, LLC Delaware8
- Indianapolis Treatment Center, LLC dba Indianapolis Treatment Center dba Indianapolis Comprehensive Treatment Center Indiana8
- Kids Behavioral Health of Montana, Inc. dba Acadia Montana Montana8
- Little Hills Healthcare L.L.C. Missouri8
- McCallum Group, LLC Missouri8
- Millcreek School of Arkansas, LLC Arkansas8
- Millcreek Schools, LLC Mississippi8
- Mount Bachelor Educational Center, Inc. Oregon8
- Mount Carmel Behavioral Healthcare, LLC dba Mount Carmel Behavioral Health Delaware8
- Mt. Airy Development, LLC dba Glenwood Behavioral Health Hospital Ohio8
- Muncie Treatment Center, LLC dba Muncie Comprehensive Treatment Center Indiana8
- Ochsner-Acadia, LLC dba River Place Behavioral Health Delaware8
- Ohio Hospital for Psychiatry, LLC dba Ohio Hospital of Psychiatry Ohio8
- Ohio Treatment Center, LLC dba Cleveland Comprehensive Treatment Center dba Canton Comprehensive Treatment Center dba Toledo Comprehensive Treatment Center Delaware8
- Options Treatment Center Acquisition Corporation dba Options Behavioral Health System dba Options Treatment Center dba YFCS OPT Indiana8
- PC Ohio Treatment Centers, LLC Delaware8
- PHC Meadowwood, LLC dba MeadowWood Behavioral Health System Delaware8
- PHC of Michigan, LLC dba Harbor Oaks Hospital dba Pioneer Healthcare of Michigan dba Wellplace Michigan Massachusetts8
- Parkersburg Treatment Center, LLC dba Parkersburg Treatment Center dba Parkersburg Comprehensive Treatment Center West Virginia8
- Pocono Mountain Recovery Center Land, LLC Pennsylvania8
- Polaris Hospital Holdings, LLC Nevada8
- Psychiatric Resource Partners, LLC Delaware8
- R.I.S.A.T., LLC dba Providence Comprehensive Treatment Center dba Woonsocket Comprehensive Treatment Center Rhode Island8
- RTC Resource Acquisition Corporation dba YFCS RES dba Resource Treatment Facility dba RTC Resource dba Polaris Group Home dba Carina Group Home Indiana8
- Reading Behavioral Healthcare, LLC dba Tower Behavioral Health Delaware8
- Rebound Behavioral Health, LLC dba Rebound Behavioral Health South Carolina8
- Red River Hospital, LLC dba Red River Hospital Delaware8
- Rehabilitation Centers, LLC dba Millcreek of Magee dba Millcreek of Pontotoc dba Millcreek of Mississippi Mississippi8
- Resolute Acquisition Corporation dba Resolute Treatment Center dba Resolute Treatment Facility dba YFCS REL dba Resolute dba Polaris Group Home dba Success Group Home dba Milestones Behavioral Health Indiana8
- Richland County Comprehensive Treatment Center, LLC Delaware8
- Richmond Treatment Center, LLC dba Richmond Treatment Center dba Richmond Comprehensive Treatment Center Indiana8
- RiverWoods Behavioral Health, LLC dba Riverwoods Behavioral Health dba Blue Ridge Mountain Recovery Center dba Acadia Riverwood Delaware8
- Riverview Behavioral Health, LLC dba Vista Health Texarkana dba Riverview Behavioral Health dba Providence Comprehensive Treatment Center Texas8
- Rock Crest Drive, LLC Pennsylvania8
- Rock Crest LLC Limited Liability Company Pennsylvania8
- Rolling Hills Hospital, LLC dba Rolling Hills Hospital Oklahoma8
- SUWS of the Carolinas, Inc. Delaware8
- Sahara Health Systems, L.L.C. Louisiana8
- San Diego Treatment Services, LLC dba Third Avenue Clinic California8
- Serenity Knolls dba Serenity Knolls Treatment Center California8
- Sheltered Living Incorporated dba Life Healing Center of Santa Fe Texas8
- Sierra Tucson, LLC dba Sierra Tucson Delaware8
- Skyway House, LLC Delaware8
- Sonora Behavioral Health Hospital, LLC dba Sonora Behavioral Health Hospital Delaware8
- Southwestern Children’s Health Services, Inc. dba Parc Place dba Parc Place Behavioral dba Oasis Behavioral Health Hospital Arizona8
- Starlite Recovery Center, LLC Delaware8
- Stone Crest Clinic dba Stonecrest Recovery Center Michigan8
- Structure House, LLC dba Wellspring at Structure House Delaware8
- Success Acquisition, LLC Indiana8
- Swift River Academy, L.L.C. Delaware8
- TK Behavioral Holding Company, LLC Delaware8
- TK Behavioral, LLC dba Timberline Knolls dba Timberline Knolls Residential Treatment Center Delaware8
- Ten Broeck Tampa, LLC dba North Tampa Behavioral Health Florida8
- Ten Lakes Center, LLC Ohio8
- The Camp Recovery Center, LLC dba Azure Acres dba Starlite Recovery Center dba The Camp Recovery Center dba Camp IOP-Campbell dba Camp IOP-Scotts Valley dba Camp IOP-Monterey dba Azure Acres IOP California8
- The Pavilion at HealthPark, LLC dba Park Royal Hospital dba Park Royal Psychiatric Hospital at Healthpark dba Park Royal Outpatient Clinic Florida8
- The Refuge- Transitions, LLC Florida8
- Transcultural Health Development, Inc. dba Coastal Recovery Center dba Coastal Comprehensive Treatment Center California8
- Treatment Associates, Inc. dba Sacramento Treatment Center dba Sacramento Comprehensive Treatment Center California8
- TrustPoint Hospital LLC dba ClearPath Behavioral Health dba Trustpoint Hospital dba Murfreesboro Rehabilitation Hospital at TrustPoint dba Trustpoint Brain Center Tennessee8
- Tulsa BH Services, LLC Delaware8
- Utah Behavioral Health Services, LLC dba Turning Point Centers Delaware8
- Vallejo Acquisition Sub, LLC Delaware8
- Valley Behavioral Health System, LLC dba Valley Behavioral Health dba Valley Behavioral Health System dba Vantage Point Behavioral Health Delaware8
- Village Behavioral Health, LLC dba The Village Delaware8
- Vista Behavioral Holding Company, LLC Delaware8
- Vista Behavioral Hospital, LLC dba Pacific Grove Hospital dba Vista Behavioral Hospital Delaware8
- Vita Nova, LLC Rhode Island8
- Volunteer Treatment Center, LLC dba Volunteer Treatment Center Tennessee8
- WP Acquisition Sub, LLC Delaware8
- Webster Wellness Professionals, LLC Missouri8
- Wellplace, LLC dba Wellplace Utah dba Wellplace Pennsylvania Massachusetts8
- Westminster Behavioral Health, LLC dba Boulder Creek Recovery Delaware8
- Wheeling Treatment Center, LLC dba Wheeling Treatment Center West Virginia8
- White Deer Realty, LLC Pennsylvania8
- Wichita Treatment Center Inc. Kansas8
- Williamson Treatment Center, LLC dba Williamson Comprehensive Treatment Center West Virginia8
- Wilmington Treatment Center, LLC Virginia8
- Youth Care of Utah, Inc. dba Pine Ridge Academy dba Youth Care Delaware8
- Youth and Family Centered Services of New Mexico, Inc. dba Desert Hills of New Mexico New Mexico8
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Controversies and legal
Legal and ethical issues
In 2019, Acadia paid $17 million to resolve the allegations made by federal prosecutors in West Virginia that the company had overbilled Medicaid for blood and urine tests.
Acadia formerly operated, through its subsidiary Youth and Family Centered Services of New Mexico, a facility known as Desert Hills. In 2019, Acadia shut down the facility after revelations of sexual abuse. Acadia ultimately settled five lawsuits arising from abuse at the facility. The included one suit, filed by the guardians of a New Mexico minor, in which a Rio Arriba County, New Mexico jury ordered Acadia to pay $405 million in compensatory and punitive damages; in October 2023, Acadia reached an agreement to settle this case and two others for $400 million, without admitting liability.
In January 2024, the Utah Department of Health and Human Services ordered Midvale's Highland Ridge Hospital to hire an independent monitor for ten hours a week to oversee safety compliance. After another series of safety violations in February, licensing officials required Highland to increase oversight to 40 hours per week. In April 2024, Acadia announced plans to close the facility the following month.
In June 2024, Acadia and fellow for-profit Universal Health Services were found by the Senate Committee on Finance and the Senate Committee on Health, Education, Labor, and Pensions to have endangered the welfare of children in their facilities as a result of a business model that optimized revenue instead of optimizing care. The committees' report stated the problems "occur inevitably and by design: they are the direct causal result of a business model that has the incentive to treat children as payouts and provide less than adequate safety and behavioral health treatment in order to maximize operating and profit margin".
Acadia has been criticized for detaining patients in its facilities against their will, even when holding them was not medically necessary. Patients have been held under mental health laws designed to protect them from being a danger to themselves or others, thus increasing payments to the company. Some were released only after a formal complaint or a lawsuit.
In September 2024, Acadia agreed to pay $19.84 million to settle the U.S. Securities and Exchange Commission (SEC)'s allegations of numerous legal violations, including a false billing for medically unnecessary inpatient services. It also was penalized $1.39 million for preventing whistleblowers from coming forward.
Read the full text
Acadia has actively lobbied against bipartisan proposal in the U.S. Congress to expand access to methadone treatment by allowing opioid use disorder patients to pick up methadone at pharmacies, rather than going to clinics.
In December 2024, The New York Times published an investigative report, based on 60 interviews with current and former employees at Acadia's methadone facilities, that found that Acadia personnel frequently falsified medical records used for billing, and often gave methadone to people who did not have opioid addictions but were dependent on other drugs. The report also found the company's methadone counselors carry large caseloads, sometimes more than twice the limits set by state regulators.
On February 13, 2025, Acadia Healthcare announced the closure of Timberline Knolls, a mental health treatment facility in Lemont, Illinois. The decision comes after multiple allegations of misconduct and legal challenges. In 2018, a licensed counselor at the facility was accused of sexually assaulting several patients, allegedly admitting to going "too far" with a 29-year-old patient during three separate therapy sessions. In 2023, another former patient filed a lawsuit against Timberline Knolls, alleging she was repeatedly raped by an employee while receiving treatment for bipolar disorder, borderline personality disorder, and suicidal thoughts.
From Wikipedia’s article on Acadia Healthcare, shared under CC BY-SA 4.0.7
Timeline
- Sep 25, 20268-K Other events60
- Jul 28, 20268-K Results of operations; Regulation FD disclosure61
- May 18, 20268-K Other events62
- May 6, 20268-K Shareholder vote63
- Apr 29, 20268-K Results of operations; Regulation FD disclosure64
- Apr 23, 20268-K Executive or director change; Regulation FD disclosure65
- Mar 12, 20268-K Executive or director change; Regulation FD disclosure66
- Feb 25, 20268-K Results of operations; Regulation FD disclosure67
- Jan 23, 20268-K Executive or director change68
- Jan 20, 20268-K Executive or director change; Regulation FD disclosure69
- Jan 13, 20268-K Results of operations; Regulation FD disclosure70
- Dec 2, 20258-K Regulation FD disclosure71
- Apr 13, 2022New chief executive Christopher H. Hunter becomes CEO20
- Dec 26, 2018New chief executive Debra K. Osteen becomes CEO21
- Oct 31, 2011New chief executive Joey A. Jacobs becomes CEO22
- Oct 24, 2005Founded Acadia Healthcare is founded4
Calendar
Coming up
- Nov 4, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.72 a share, on Nov 5, 2025.72
When it reported results
- Jul 28, 2026Reported quarterly or annual results61
- Apr 29, 2026Reported quarterly or annual results64
- Feb 25, 2026Reported quarterly or annual results67
- Jan 13, 2026Reported quarterly or annual results70
- Nov 5, 2025Reported quarterly or annual results73
- Aug 5, 2025Reported quarterly or annual results74
- May 12, 2025Reported quarterly or annual results75
- Feb 27, 2025Reported quarterly or annual results76
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
323 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 53 major events, 166 insider forms, 45 large holders, 39 other. The latest 20:
- Oct 8, 2026SCHEDULE 13G EDGAR
- Sep 25, 20268-K EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 6, 2026SCHEDULE 13G/A EDGAR
- Jul 28, 20268-K EDGAR
- Jul 28, 202610-Q EDGAR
- Jul 27, 2026SCHEDULE 13G/A EDGAR
- Jul 27, 20264 EDGAR
- Jun 26, 20264 EDGAR
- May 18, 20268-K EDGAR
- May 15, 2026SCHEDULE 13G/A EDGAR
- May 15, 2026SCHEDULE 13G/A EDGAR
- May 11, 2026S-8 EDGAR
- May 11, 20263 EDGAR
- May 11, 2026SCHEDULE 13G/A EDGAR
- May 8, 20264 EDGAR
- May 8, 20264 EDGAR
- May 8, 20264 EDGAR
- May 8, 20264 EDGAR
The 323 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
15 open-market trades by officers, directors and large owners since October 2021: 0 buys and 15 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 5, 2024 | Miquelon Wade DDirector | Sale | 2,203 | $85.39 | $188.1K | Form 4 |
| Mar 4, 2024 | Gregg Vicky BDirector | Sale | 2,500 | $85.56 | $213.9K | Form 4 |
| Dec 13, 2023 | OSTEEN DEBRA KChief Executive Officer | Sale | 35,000 | $77.67 | $2.7M | Form 4 |
| Dec 12, 2023 | OSTEEN DEBRA KChief Executive Officer | Sale | 8,000 | $76.23 | $609.8K | Form 4 |
| Nov 14, 2023 | Hollinsworth John S.EVP of Operations | Sale | 92,500 | $74.01 | $6.8M | Form 4 |
| Nov 10, 2023 | Hollinsworth John S.EVP of Operations | Sale | 20,000 | $73.00 | $1.5M | Form 4 |
| Nov 8, 2023 | Hollinsworth John S.EVP of Operations | Sale | 12,500 | $74.50 | $931.2K | Form 4 |
| Nov 8, 2023 | OSTEEN DEBRA KChief Executive Officer | Sale | 15,000 | $74.21 | $1.1M | Form 4 |
| Sep 7, 2022 | GRIECO WILLIAMDirector | Sale | 5,000 | $82.54 | $412.7K | Form 4 |
| Aug 8, 2022 | Howard Christopher LEVP, GC and Secretary | Sale | 12,214 | $81.67 | $997.5K | Form 4 |
| Aug 5, 2022 | Duckworth David M.Interim CFO | Sale | 26,821 | $80.63 | $2.2M | Form 4 |
| Aug 4, 2022 | Hollinsworth John S.EVP of Operations | Sale | 10,780 | $80.68 | $869.7K | Form 4 |
| Aug 4, 2022 | Duckworth David M.Interim CFO | Sale | 100 | $81.00 | $8.1K | Form 4 |
| Aug 4, 2022 | Howard Christopher LEVP, GC and Secretary | Sale | 8,443 | $81.51 | $688.2K | Form 4 |
| Jul 29, 2022 | Petrie William MDirector | Sale | 6,000 | $83.42 | $500.5K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G, 4 filings Feb 8, 2022 to Oct 8, 202677
- Khrom Investments Fund, LPSCHEDULE 13G/A, 6 filings Oct 1, 2025 to Aug 14, 202678
- Wellington Management CompanySCHEDULE 13G/A, 10 filings Feb 4, 2022 to Aug 13, 202679
- FMR LLCSCHEDULE 13G/A, 4 filings Feb 9, 2024 to Aug 6, 202680
- BlackRockSCHEDULE 13G/A, 5 filings Feb 3, 2022 to Jul 27, 202681
- Goldman SachsSCHEDULE 13G/A, 2 filings Feb 12, 2026 to May 11, 202682
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202683
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 28, 202684
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 9, 2022 to Mar 26, 202685
- T. Rowe Price Investment Management, Inc.SCHEDULE 13G/A, 5 filings Aug 10, 2022 to May 14, 202586
- PRICE T ROWE ASSOCIATES INC /MD/SC 13G/A, 2 filings Feb 14, 2022 to Aug 10, 202287
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Timothy SidesFormer Interim Chief Financial Officer | $441.6K | $1.3M88 | |
| 2025 | Todd S. YoungChief Financial Officer | 54 | $97.6K | $1.2M88 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 14,957,168 | $441.7M | 0.0% | +3,270,779 |
| Wellington Management Group Llp | 5,726,246 | $169.1M | 0.0% | −3,346,696 |
| Vanguard Portfolio Management LLC | 5,369,461 | $158.6M | 0.0% | +308,023 |
| Fmr LLC | 5,015,727 | $148.1M | 0.0% | −1,851,951 |
| Carronade Capital Management, LP | 4,762,635 | $140.6M | 2.4% | +2,425,399 |
| Morgan Stanley | 4,534,269 | $133.9M | 0.0% | +43,202 |
| Deerfield Management Company, L.P. | 4,520,000 | $133.5M | 1.7% | No change |
| DME Capital Management, LP | 4,400,641 | $130.0M | 3.3% | −117,740 |
| Farallon Capital Management, L.l.c. | 4,220,800 | $124.6M | 0.7% | +2,484,000 |
| Abrams Bison Investments, LLC | 4,165,000 | $123.0M | 6.0% | −215,000 |
| UBS Group AG | 4,044,500 | $119.4M | 0.0% | +1,210,638 |
| Dimensional Fund Advisors LP | 4,013,718 | $118.5M | 0.0% | +1,431,971 |
| Vanguard Capital Management LLC | 4,010,582 | $118.4M | 0.0% | −144,219 |
| State Street Corp | 3,893,124 | $114.8M | 0.0% | +674,373 |
| Jefferies Financial Group Inc. | 3,605,067 | $106.5M | 1.0% | −6,816 |
| American Century Companies Inc | 2,908,887 | $85.9M | 0.0% | +2,390,281 |
| Goldman Sachs Group Inc | 2,872,128 | $84.8M | 0.0% | +631,700 |
| Citadel Advisors LLC | 2,665,603 | $78.7M | 0.0% | −50,822 |
| Geode Capital Management, LLC | 2,465,247 | $72.8M | 0.0% | +803,966 |
| Mak Capital One LLC | 2,432,962 | $71.8M | 10.1% | No change |
| Neuberger Berman Group LLC | 2,238,423 | $65.8M | 0.0% | +277,039 |
| Charles Schwab Investment Management Inc | 2,062,966 | $60.9M | 0.0% | +162,019 |
| Vaughan Nelson Investment Management, L.P. | 1,807,697 | $53.4M | 0.5% | −31,428 |
| Invesco Ltd. | 1,790,454 | $52.9M | 0.0% | +1,207,288 |
| P2 Capital Partners, LLC | 1,774,484 | $52.4M | 21.3% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Nov 30, 2022 | Susie LeeDemocratic, House | Sale | $1,001 - $15,000 | +155.6% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Acadia Healthcare is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARAcadia Healthcare Company, Inc.2
- CIK0001520697
- Employer ID (EIN)45-249222819
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company19
- Incorporated inDelaware19
- Fiscal year endsDecember 312
- Industry code (SIC)8093 Services-Specialty Outpatient Facilities, NEC2
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance2
- Business address6100 Tower Circle, Suite 1000, Franklin, TN 370672
- Phone615-861-60002
- Shares outstanding92,211,777 shares as of Feb 25, 202619
- Public float$2.1B as of Jun 30, 202519
- AuditorErnst & Young LLP, Nashville, Tennessee PCAOB ID 42; it also attests to the company’s internal control over financial reporting19
- On EDGAR sinceMay 24, 20112
- Filings1,305 in all: 4 (671), 8-K (196), SC 13G/A (62), 3 (61), 10-Q (45), CORRESP (27), UPLOAD (24), DEFA14A (18)2
All 43 form types
SC 13G (17), DEF 14A (16), 10-K (15), SCHEDULE 13G/A (14), 5 (11), EFFECT (10), SC 13D/A (10), 144 (9), 425 (9), 424B3 (8), 424B5 (8), ARS (8), S-4 (7), S-8 (6), SCHEDULE 13G (6), 424B7 (5), FWP (5), 8-K/A (4), S-4/A (4), SC 13D (4), 4/A (3), PRE 14A (3), S-1/A (3), 144/A (2), S-1 (2), S-3ASR (2), SCHEDULE 13D/A (2), 424B1 (1), 424B4 (1), 8-A12B (1), CERTNAS (1), POS AM (1), S-3 (1), S-3/A (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Feb 27, 2026
Quarterly report (10-Q) Jul 28, 2026
Proxy statement (DEF 14A) Mar 25, 2026
Latest 8-K (8-K) Sep 25, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $.01 par value | ACHC | NASDAQ Global Select Market |
From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).19
Risk factors and legal proceedings
The risks Acadia Healthcare names in Item 1A of its 10-K filed Feb 27, 2026: 55 risks under these headings, as written.19
- Legal Proceedings and Regulatory Risks
- Financial Risks
- Operational Risks
- Human Capital Risks
- General Risk Factors
- We are and in the future could become the subject of governmental investigations, regulatory actions, whistleblower lawsuits and other legal proceedings.
- We are and in the future may become involved in legal proceedings based on negligence or breach of a contractual or statutory duty from service users or their family members or from employees or former employees.
- We carry a large self-insured retention and may be responsible for significant amounts not covered by insurance. In addition, our insurance may be inadequate, premiums may increase and, if there is a significant deterioration in our claims experience, insurance may not be available on acceptable terms.
- We handle sensitive personal data which are protected by numerous U.S. laws in the ordinary course of business and any failure to maintain the confidentiality of such data could result in legal liability and reputational harm.
- If we fail to comply with extensive laws and government regulations, we could suffer penalties or be required to make significant changes to our operations.
- We may be required to spend substantial amounts to comply with statutes and regulations relating to privacy and security of PHI.
- We could face risks associated with, or arising out of changing laws and regulations, including those involving environmental, health and safety laws and regulations.
The other 48 risks
- State efforts to regulate the construction or expansion of healthcare facilities could impair our ability to operate and expand our operations.
- We are required to treat patients with emergency medical conditions regardless of ability to pay.
- We are subject to taxation in the U.S., Puerto Rico and various state jurisdictions. Any adverse development in the tax laws of such jurisdictions or any disagreement with our tax positions could have a material adverse effect on our business, financial condition or results of operations. In addition, our effective tax rate could change materially as a result of changes in tax laws.
- Activist investors and their actions threatened or commenced against us could cause us to incur substantial costs, divert management’s attention and resources, cause uncertainty about the strategic direction of our business and adversely impact our business, financial condition, results of operations and stock price.
- Our revenue and results of operations are significantly affected by payments received from the government and third-party payors.
- Our debt could adversely affect our financial health and prevent us from fulfilling our obligations under our financing arrangements.
- Servicing our debt requires a significant amount of cash. Our ability to generate sufficient cash to service our debt depends on many factors beyond our control.
- We are subject to a number of restrictive covenants, which may restrict our business and financing activities.
- Despite our current debt level, we may incur significant additional amounts of debt, which could further exacerbate the risks associated with our debt.
- If we default on our obligations to pay our debt, we may not be able to make payments on our financing arrangements.
- We may be required to record additional charges to future earnings if our goodwill, intangible assets and property and equipment become impaired.
- Our operating costs are subject to increases in the wages and salaries of our staff.
- We are subject to volatility in the global capital and credit markets as well as significant developments in macroeconomic and political conditions that are out of our control, including any effects that a U.S. government shutdown, tariffs or trade disputes may have on financial markets and macroeconomic conditions.
- A worsening of the economic and employment conditions in the geographies in which we operate could materially affect our business and future results of operations.
- Increased inflationary pressure may adversely impact our business, financial condition and results of operations.
- The industry trend on value-based purchasing may negatively impact our revenue.
- The trend by insurance companies and managed care organizations to enter into sole-source contracts may limit our ability to obtain patients.
- An increase in uninsured or underinsured patients, from healthcare policy changes or otherwise, or the deterioration in the collectability of patient accounts receivables could harm our results of operations.
- Failure to maintain effective internal control over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”) could have a material adverse effect on our business.
- We do not anticipate paying any cash dividends in the foreseeable future.
- An incident involving one or more of our patients or the failure by one or more of our facilities to provide appropriate care could result in increased regulatory burdens, governmental investigations, litigation, negative publicity and adversely affect the trading price of our common stock.
- Joint ventures may use significant resources, may be unsuccessful and could expose us to unforeseen liabilities.
- Our ability to grow our business through organic expansion either by developing de novo or joint venture facilities or by modifying existing facilities is dependent upon many factors.
- Our business growth and acquisition strategies expose us to a variety of operational and financial risks.
- Integration risks
- Benefits may not materialize
- Assumptions of unknown liabilities
- Competing for acquisitions
- Antitrust and other legal challenges
- Managing growth
- We incur significant transaction-related costs in connection with acquisitions and other strategic transactions.
- We care for a large number of vulnerable individuals with complex needs and any care quality deficiencies could adversely impact our brand, reputation and ability to market our services effectively.
- The cost of construction materials and labor has significantly increased, and we continue to grow our business through expansion of existing facilities and development of de novo and joint venture facilities.
- Our business could be disrupted if our information systems fail or if our databases are destroyed or damaged.
- If we do not continually enhance our facilities with the most recent technological advances, our ability to maintain and expand our markets will be adversely affected.
- A cybersecurity incident could have a material adverse impact on us, including substantial sanctions, fines, and damages and civil and criminal penalties under federal and state privacy laws, in addition to reputational harm and increased costs.
- We may fail to deal with clinical waste in accordance with applicable regulations or otherwise be in breach of relevant medical, health and safety or environmental laws and regulations.
- Although we have facilities in 40 states and Puerto Rico, we have substantial operations in Pennsylvania, California and Tennessee, which makes us especially sensitive to regulatory, economic, environmental and competitive conditions and changes in those states.
- Our business and operations are subject to risks related to natural disasters and climate change.
- A pandemic, epidemic or outbreak of an infectious disease in the markets in which we operate or that otherwise impacts our facilities could adversely impact our business.
- If we fail to cultivate new or maintain established relationships with referral sources, our business, financial condition and results of operations could be adversely affected.
- We operate in a highly competitive industry, and competition may lead to declines in patient volumes.
- We may be unable to extend leases at expiration, which could harm our business, financial condition or results of operations.
- Controls designed to reduce inpatient services may reduce our revenue.
- We are a holding company with no operations and rely upon our subsidiaries to provide us with the funds necessary to meet our financial obligations. Liabilities of any one or more of our subsidiaries could be imposed upon us or our other subsidiaries.
- Our facilities face competition for staffing, labor shortages and higher turnover rates that may increase our labor costs and reduce our profitability.
- Our performance depends on our ability to recruit and retain quality psychiatrists and other physicians, and nurses, counselors and other medical support personnel.
- Some of our employees are represented by labor unions and any work stoppage could adversely affect our business.
- We depend on key management personnel, and the failure to attract and retain one or more of our key executives, including our Chief Executive Officer, or a significant portion of our local facility management personnel could harm our business.
- Our stock price has been, and may continue to be, volatile. Fluctuations in our operating results, quarter to quarter earnings and other factors, including factors outside of our control, may result in significant decreases in the price of our common stock.
- Future sales of common stock by us or our existing stockholders may cause our stock price to fall.
- If securities or industry analysts do not publish research or reports about our business, if they were to change their recommendations regarding our stock adversely or if our operating results do not meet their expectations, our stock price and trading volume could decline.
- We incur substantial costs as a result of being a public company.
- Provisions of our charter documents or Delaware law could delay or prevent an acquisition of us, even if the acquisition would be beneficial to our stockholders, and could make it more difficult for stockholders to change management.
Legal proceedings
Information with respect to this item may be found in Note 11 — Commitments and Contingencies in the accompanying notes to our consolidated financial statements beginning on Page F-1 of this Annual Report on Form 10-K, which information is incorporated herein by reference.
The opening of Item 3, Legal Proceedings.19
Links
- Websitewww.acadiahealthcare.com1
- WikipediaAcadia Healthcare
- WikidataQ28407181
- SEC EDGARCIK 1520697
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataAcadia Healthcare on Wikidata
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- 3WikipediaAcadia Healthcare on Wikipedia
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- 5Company websiteAcadia Healthcare logo
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- 23SEC EDGARBrent Turner, President
- 24SEC EDGARNorman King Carter Iii., President
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- 30SEC EDGARNasser Khan, Chief operating officer
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- 33SEC EDGARLaurence L. Harrod, EVP of Finance
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- 37SEC EDGARBruce A. Shear, Vice chair
- 38SEC EDGARDaniel J. Cancelmi, Board member
- 39SEC EDGARPatrice A. Harris, Board member
- 40SEC EDGARRalph David Kelly, Board member
- 41SEC EDGARMichael Fucci, Board member
- 42SEC EDGARJason Bernhard, Board member
- 43SEC EDGARVicky B. Gregg, Board member
- 44SEC EDGARChristopher R. Gordon, Board member
- 45SEC EDGARAllan B. Hubbard, Board member
- 46SEC EDGARE. Perot Bissell, Board member
- 47SEC EDGARHartley R. Rogers, Board member
- 48SEC EDGARKyle D. Lattner, Board member
- 49SEC EDGARWade D. Miquelon, Board member
- 50SEC EDGARBradley M. Eckmann, Board member
- 51SEC EDGARChristopher J. Graber, Board member
- 52SEC EDGARDavid O. Neighbours, Board member
- 53SEC EDGAREric S. Gordon, Board member
- 54SEC EDGARMatthew W. Clary, Board member
- 55SEC EDGARWilliam M. Petrie, Board member
- 56SEC EDGARGary A. Mecklenburg, Board member
- 57SEC EDGARReeve B. Waud, Board member
- 58SEC EDGARMatthew London, Board member
- 59SEC EDGARWilliam Grieco, Board member
- 60SEC EDGAROther events
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- 62SEC EDGAROther events
- 63SEC EDGARShareholder vote
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- 68SEC EDGARExecutive or director change
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- 71SEC EDGARRegulation FD disclosure
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