Behavioral Health Business January 15, 2025
Chris Larson

Behavioral health titan Acadia Healthcare (Nasdaq: ACHC) saw the largest expansion of its bed count in its history during 2024. The expansion will lead to a spike in startup costs and a potential hit to profitability in 2025.

Going into 2026, Acadia Healthcare executives speaking at the 2025 J.P. Morgan Healthcare Conference say that they expect to see earnings pop and more cash to finance a less intense but steady expansion of its facilities.

“Just to step back a little and talk about [2026] and beyond, I think we’ll have some tailwinds that come through EBITDA,” Heather Dixon, Acadia Healthcare CFO, said at the J.P. Morgan Healthcare Conference. “Tailwinds will certainly come through from a bed-ramping perspective. As those startup...

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