Acadia’s Sierra Tucson Group Ramps Up Efforts to Address Trauma, Expand Specialty Programs

In the year ahead, Sierra Tucson Group plans to get personal, expanding its specialty program offerings and honing its trauma-informed care efforts, CEO Valerie Kading recently told Behavioral Health Business. Formed in 2019, Sierra Tucson Group is owned by Acadia Healthcare (Nasdaq: ACHC) and consists of three behavioral health treatment centers: Sierra Tucson, Sierra by […]

Acadia Enters Definitive Agreement to Sell UK Business in $1.47B Deal

Acadia Healthcare (Nasdaq: ACHC) has entered into a definitive agreement to sell its United Kingdom business, the company announced Dec. 30. Waterland Private Equity has agreed to purchase the assets for about 1,078 million pounds, or $1.47 billion. The deal will generate approximately $1.35 billion in proceeds for the behavioral health behemoth, according to a […]

Acadia Forms JV with Henry Ford Health System

Acadia Healthcare (Nasdaq: ACHC) has formed a joint venture with Henry Ford Health System to bring a new behavioral health hospital to the Detroit area. The pair announced the JV Wednesday.  Headquartered in Franklin, Tennessee, Acadia bills itself as the nation’s largest standalone provider of behavioral health services. As of Sept. 30, it boasted 582 […]

Acadia Leaders Tout Growing Demand, Opportunities within Acute Care Service Line 

Despite the growing popularity of outpatient care within the behavioral health industry, Acadia Healthcare (Nasdaq: ACHC) remains bullish about the acute care setting.  As Acadia’s largest services line, acute care accounts for about 47% of the behavioral health giant’s US revenue. And it seems demand and opportunities in the acute care space are only on […]

Movers & Shakers: New CEOs at Ashley Addiction Treatment, New Directions

Ashley Addiction Treatment appoints joint CEOs  Ashley Addiction Treatment has promoted two of its senior executives to lead the company.  Alex Denstman — Ashley’s senior vice president and chief growth officer — and Greg Hobelmann — senior vice president and chief medical and clinical officer — will take over as joint CEOs on March 1. […]

Acadia Hits Highest Census Ever, Predicts Strong Demand into 2021 

Acadia Healthcare (Nasdaq: ACHC) is bouncing back from COVID-19 in a big way. While the virus temporarily hurt the behavioral health giant’s census back in spring, volumes have since rebounded to record-setting levels. CEO Debbie Osteen highlighted the company’s impressive recovery and ongoing success Oct. 30 on Acadia’s Q3 2020 earnings call.  “We actually hit […]

Acadia CMO, Behavioral Stakeholders: Payment Reform Necessary to Improve SMI Treatment

People with severe mental illnesses (SMIs) often end up homeless, hospitalized or incarcerated. To change that, federal and commercial payers need to reimagine the way they reimburse for the treatment of SMIs, behavioral health stakeholders say.  “Our mental health care payment system is really not geared toward people with serious mental illness,” psychiatrist and documentarian […]

Acadia Prepares to Relaunch Sale of UK Business

Acadia Healthcare (Nasdaq: ACHC) is preparing to relaunch the sale of its United Kingdom business, the company announced Tuesday.  Franklin, Tennessee-based Acadia is a behavioral health provider that operates nearly 600 facilities across the US, the UK and Puerto Rico. The company first announced it would sell its UK business, which includes about 360 facilities, […]

Pipeline: Acadia’s Virtual Groundbreaking; Pinnacle’s Latest Program

Acadia, Covenant Health break ground on new behavioral hospital  Acadia Healthcare (Nasdaq: ACHC) and Covenant Health have officially started construction on their newest inpatient behavioral health hospital, East Tennessee Behavioral Health. Franklin, Tennessee-based Acadia is a behavioral health provider that operates nearly 600 behavioral health facilities across the U.S., the U.K. and Puerto Rico. Meanwhile, […]

Citing Coronavirus, Acadia Suspends Sale of UK Business

In light of COVID-19, Acadia Healthcare (Nasdaq: ACHC) has temporarily suspended the sale of its U.K. business. Executives previously hinted proceeds from the sale would be used to help grow the U.S. arm of the business. While interest from potential buyers remains strong, the Franklin, Tennessee-based behavioral health provider will pause the sales process until […]