Here are five updates on Franklin, Tenn.-based Acadia Healthcare, one of the largest behavioral health network in the U.S., as reported by Becker's since May 28:
1. Universal Health Services and Acadia Healthcare have not seen any noticeable referral declines in the wake of a U.S. Senate report criticizing their residential treatment centers. The report, published in June 2024 by the Senate Finance Committee, alleged children are frequently harmed in residential treatment centers. Sexual abuse, improper uses of seclusion and restraint and unsafe and unsanitary conditions persist in residential treatment facilities, the committee alleged. UHS and Acadia facilities were a major focus of the report.
2. Acadia Healthcare has closed five facilities in the past year. CEO Chris Hunter said the company closed two "underperforming" facilities in the second quarter and five facilities in the past 12 months.
3. Acadia brought in $796 million in revenue in the second quarter of 2024, up 8.8% from the same period last year.
4. Acadia and a group of freestanding behavioral health systems formed the Texas Association of Behavioral Health Systems. The organization's mission is to help Texas lawmakers improve access to care in the state.
5. Acadia named Nasser Khan, MD, as COO.