Acadia Healthcare Company, Inc.

Overview

Acadia Healthcare Company, Inc. is a U.S.-focused behavioral healthcare provider. Through its subsidiaries, it operates inpatient psychiatric hospitals, specialty-treatment facilities, residential treatment centers and outpatient clinics, providing care for mental health and substance use disorders. The company reports its operations as one behavioral healthcare services segment.[1][2]

At December 31, 2025, Acadia operated 277 facilities in 40 U.S. states and Puerto Rico. It reported $3.313 billion in revenue for 2025; its website describes a workforce of approximately 23,000 employees.[3]+2

Acadia’s stated purpose is “Lead Care With Light®.” Established in January 2005, the company set out to develop and operate a nationwide behavioral health network.[6][7] [1]+6

Products & services

Acadia Healthcare’s services include acute inpatient psychiatric care, specialty treatment for addiction and co-occurring disorders, outpatient Comprehensive Treatment Centers (CTCs), and residential treatment for children and adolescents with complex behavioral-health needs. Its treatment offerings span inpatient and residential care, detoxification, partial hospitalization, intensive outpatient care, and counseling and group programs; specific services vary by facility and patient population.[8]+2 Acadia describes inpatient care as providing round-the-clock monitoring and support for mental-health and addiction needs.[11]

Specialty addiction treatment may include assessment, detoxification, medication-assisted treatment, individual and group counseling, education, behavioral and supportive therapies, and continuing care. CTCs combine medication and behavioral therapy for opioid use disorder, with services that may include medication management, peer support and vocational training. Residential programs can include psychopharmacology, individual, group and family therapy, and education.[12]+3

In its FY2025 reporting, Acadia attributed approximately 55% of revenue to acute inpatient psychiatric facilities, 17% to specialty treatment, 17% to CTCs and 11% to residential treatment centers.[16] For the six months ended June 30, 2026, reported revenue by those service lines was $965.2 million, $261.6 million, $281.6 million and $186.2 million, respectively.[17] [8]+17

Geographic presence

Acadia Healthcare’s operating footprint is in the United States and Puerto Rico. In its Q2 2026 reporting, the company said it derived revenue from 40 states and Puerto Rico. At December 31, 2025, it operated 277 facilities across that footprint: Alaska 1; Arizona 5; Arkansas 6; California 21; Colorado 1; Delaware 4; Florida 12; Georgia 9; Illinois 2; Indiana 9; Iowa 2; Kansas 1; Kentucky 1; Louisiana 6; Maine 6; Maryland 3; Massachusetts 17; Michigan 6; Minnesota 1; Mississippi 3; Missouri 4; Nevada 4; New Hampshire 2; New Jersey 1; North Carolina 17; Ohio 6; Oklahoma 4; Oregon 7; Pennsylvania 35; Rhode Island 2; South Carolina 4; South Dakota 1; Tennessee 14; Texas 5; Utah 6; Vermont 1; Virginia 13; Washington 9; West Virginia 7; Wisconsin 18; and Puerto Rico 1. The company reports facility counts by state and territory rather than by broader region.[18][19]

Acadia’s principal executive offices and corporate headquarters are at 4020 Aspen Grove Drive, Suite 900, Franklin, Tennessee 37067. For 2025, no single state or U.S. territory accounted for more than 14% of revenue; the company does not provide a state-by-state revenue breakdown.[20]+2 [18]+4

Business segments

Acadia Healthcare reports one reportable business segment: behavioral healthcare services. Its focus includes inpatient and outpatient behavioral healthcare, principally inpatient psychiatric and substance-use treatment, outpatient psychiatric care, and adolescent residential treatment; these are service lines within the single segment, not separately reported segments.[2]

For fiscal 2025, the segment represented 100% of consolidated revenue, or $3,312.769 million. Acadia’s Q2 2026 filing continued to describe a single reportable segment and did not provide separate revenue allocations among its service lines.[22][18] [2]+3

Company history

Acadia Healthcare was established in January 2005, with Reeve B. Waud identified as its founder. It became a publicly traded company on November 1, 2011, following its merger with PHC, Inc. (Pioneer Behavioral Health), and began trading on Nasdaq under the symbol ACHC.[5]+2

Acadia expanded its U.S. operations through acquisitions including CRC Health Group in 2015, while its 2014 purchase of Partnerships in Care and 2016 acquisition of Priory Group built a substantial presence in the United Kingdom.[25]+2 In 2018, Debbie Osteen became CEO, succeeded by Christopher Hunter in 2022; Acadia announced Osteen’s return to the role in January 2026.[28]+2 [S1][S2][S3][S4][S5][S6][S7][S8][https://www.acadiahealthcare.com/about/][https://www.acadiahealthcare.com/investors/board-directors/][https://www.sec.gov/Archives/edgar/data/1520697/000119312511290928/d251019dex991.htm][https://www.sec.gov/Archives/edgar/data/1520697/000119312515044361/d870318d8k.htm][https://www.sec.gov/Archives/edgar/data/1520697/000119312514258367/d751084d8k.htm][https://www.sec.gov/Archives/edgar/data/1520697/000119312516647834/d223940dex99.htm][https://www.businesswire.com/news/home/20181217005348/en/Acadia-Healthcare-Announces-CEO-Transition][https://www.acadiahealthcare.com/about/news-media-events/new-ceo-announcement-christopher-hunter/][https://www.acadiahealthcare.com/about/news-media-events/acadia-announces-new-chief-executive-officer/]

Sources

• Acadia Healthcare Company, Inc. — Full financial report (2025 Y)
  13 citations

  [1][2][3][7][9][13][14][15][16][19][20][21][22]
• Acadia Healthcare Company, Inc. — Full financial report (2026 Q 2)
  5 citations

  [4][8][12][17][18]
• www.acadiahealthcare.com[5]
• www.acadiahealthcare.com[6]
• www.acadiahealthcare.com[10]
• www.acadiahealthcare.com[11]
• www.acadiahealthcare.com[23]
• www.sec.gov[24]
• www.sec.gov[25]
• www.sec.gov[26]
• www.sec.gov[27]
• www.businesswire.com[28]
• www.acadiahealthcare.com[29]
• www.acadiahealthcare.com[30]