Acadia Healthcare Co. Inc. (Nasdaq: ACHC) is now more likely to shutter underperforming facilities than in the past. The Franklin, Tennessee-based behavioral health operator has closed five facilities in the last month, CEO Chris Hunter said on Acadia Healthcare’s second-quarter earnings call. It closed two in the previous quarter. The closures are somewhat offset by Acadia’s continued growth. It has a five-pronged approach to growth that prioritizes joint ventures with health systems, de novo expansion and adding new beds to existing facilities. It includes but de-prioritizes M&A.
Read the full article: Acadia Healthcare Shutters 5 Facilities, CEO Waves off Excoriating Senate At-Risk Youth Report //
Source: https://bhbusiness.com/2024/08/01/acadia-healthcare-shutters-5-facilities-ceo-waves-off-excoriating-senate-at-risk-youth-report