Acadia Healthcare Company (Nasdaq: ACHC) is attributing recent revenue growth to favorable rate increases across service lines and decreasing wage inflation. This comes after a long stretch of workforce challenges and rising salaries. Those developments bode well for the behavioral health industry at large. “The labor environment continues to show signs of improvement, positioning the […]
Category: Residential
Private equity-backed Harmony Health Group has acquired three facilities that were formerly part of Delphi Behavioral Health Group’s network. Charlotte, North Carolina-based Harmony Health Group operates 13 treatment centers throughout Florida, North Carolina, Tennessee, New Jersey and Massachusetts. Services at those facilities include treatment for mental health and substance-use disorders (SUDs), as well as dual-diagnosis […]
With macroeconomic headwinds leading to declining valuations and less M&A activity, the mental health space is at a crossroads. The notoriously fragmented industry is still prime for maturation, but many companies are facing growing pains. Several companies that came onto the public market during the 2021 boom year are struggling to keep up with investor […]
Behavioral health giant Acadia Healthcare Company (Nasdaq: ACHC) has named Walgreens and Aetna vet Heather Dixon its new chief financial officer. This comes as David Duckworth announced he would leave the position after over a decade. As CFO, Dixon is tasked with supporting Acadia in its long-term growth plan to diversify its services and revenue. […]
Federal lawmakers have introduced new legislation calling for more oversight and data transparency from institutional youth treatment programs. U.S. Representatives Ro Khanna (D-Calif.) and Earl Carter (R-Ga.) introduced a version of the legislation to the House, while Senators Jeff Merkley (D-Ore.), Tommy Tuberville (R-Ala.), Ben Ray Luján (D-N.M.), Chris Murphy (D-Conn.), and Susan Collins (R-Maine) […]
Pediatric behavioral health provider Embark Behavioral Health has its sights set on growing its outpatient treatment footprint. But along the way, it refuses to put quantity over quality in its pursuits. This comes as demand for pediatric behavioral health services is at an all-time high, with rates of depression and anxiety among children and teens […]
Legacy nonprofit behavioral health provider Sheppard Pratt is a veteran of value-based care contracting. The Baltimore-based organization, which offers everything from inpatient services to special education schools, got into value-based care contracting roughly 25 years ago when the state of Maryland approached the provider. The state acknowledged that it struggled to care for a specific […]
It’s no secret that patients with serious mental illnesses (SMIs) are costly to care for and have significantly worse outcomes than their peers. But value-based care models could enable providers to get creative in caring for these patients, leading to better outcomes and lower costs. Specifically, the value-focused model could allow providers to use wrap-around […]
Acadia Healthcare Company Inc.’s (Nasdaq: ACHC) technology could lead to better integration across its business lines. This, in turn, could translate into added value for the company in two key ways, according to CEO Chris Hunter. Those areas are better internal referral practices and stronger negotiating positions with payers, including value-based care considerations. “Less than […]
Acadia Healthcare Company Inc. (Nasdaq: ACHC) is eyeing further M&A activity and de novo expansion in 2023. With the former, the behavioral health provider anticipates taking advantage of falling valuations as well. Generally, the Tennessee-based Acadia is doubling down on its five-pillar growth strategy. In addition to M&A and de novos, the strategy includes facility […]
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