Behavioral Health Business March 15, 2024
M&A is a critical strategic priority for Acadia Healthcare’s (Nasdaq: ACHC) CEO Chris Hunter.
M&A has always been part of the relatively new CEO’s plan to double the revenue of the Franklin, Tennessee-based behavioral health giant. However, he and other executives previously made it clear that adding new beds via de novo facility expansion, joint ventures with hospital systems and adding new beds to existing facilities would take priority.
“We’d like to be able to do more M&A,” Hunter said during an appearance at the Barclays 26th Annual Global Healthcare Conference. “It’s such a fragmented industry across service lines. We have been able to make it [through] redetermination across our lines in a rising interest rate environment. For small...
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