Behavioral Health Business August 6, 2025
Chris Larson

Chris Hunter, CEO of Acadia Healthcare Co. (Nasdaq: ACHC), struck an optimistic tone Wednesday as the company stares down a wave of reforms to Medicaid, which accounts for about 60% of Acadia’s revenue.

Hunter noted on the company’s second-quarter earnings call that there will be a several-years-long wind-up to the implementation of the many looming changes, giving Acadia Healthcare time to prepare. On top of that, the most notable changes to Medicaid made a reality by the One Big Beautiful Bill Act will either be offset by other parts of the bill or come with notable exemptions for the Medicaid members Acadia serves.

“We believe the provisions of the bill are manageable over the coming years, particularly due to the...

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