Behavioral Health Business December 7, 2022
Acadia Healthcare (Nasdaq: ACHC) plans to double its annual revenue by the end of 2028.
The Franklin, Tennessee-based behavioral health company projects $2.6 billion total revenue by the end of this year. Acadia Healthcare projects its annual revenue in five years will be between $4.5 billion and $5 billion, according to materials and comments from the company’s investor day.
It also expects profits to go from $595 million to $605 million by year’s end to $1.06 billion to $1.2 billion by the end of 2028.
“Our strategy as a company is this simple,” Chris Hunter, who became Acadia’s CEO in April, said on Wednesday. “It’s to become the indispensable behavioral health provider for high-acuity and complex-need patient populations.”
Hunter described...
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