Acadia Healthcare Company, Inc. (ACHC) Bundle
You're looking at Acadia Healthcare Company, Inc. (ACHC), the largest stand-alone behavioral healthcare company in the U.S., and wondering how their mission to provide compassionate care squares with their financials. When a company's purpose is to 'improve lives and elevate communities,' does that translate to a sustainable investment thesis, especially as they navigate a challenging market that led to a lowered full-year 2025 Adjusted EBITDA guidance of $650 million to $660 million? We know that in the third quarter of 2025, Acadia Healthcare Company's revenue grew to $851.6 million, but net income fell sharply to $36.2 million due to increased operational costs and legal settlements; so, how do their core values-like 'We Innovate Quickly To Change Lives'-actually drive the actions needed to hit their revised full-year revenue target of up to $3.30 billion? Let's dig into the foundational Mission Statement, Vision, and Core Values to see where the rubber meets the road for the 12,100 beds and 82,000+ patients they serve daily.
Acadia Healthcare Company, Inc. (ACHC) Overview
You're looking for a clear picture of Acadia Healthcare Company, Inc. (ACHC), and the takeaway is simple: they are the largest pure-play behavioral health provider in the US, but their near-term profitability is facing pressure despite solid revenue growth. They are a critical player in a high-demand sector, still expanding their footprint even as new facility costs bite into the bottom line.
Acadia Healthcare was founded in 2005 with a mission to address the growing need for specialized behavioral healthcare. Headquartered in Franklin, Tennessee, the company has grown rapidly, primarily through strategic acquisitions and facility development. Today, Acadia operates a network of over 262 behavioral healthcare facilities with approximately 11,850 beds across 39 states and Puerto Rico. That's a massive national footprint.
Their business isn't just one thing; it's a continuum of care for mental health and substance use disorders (SUD). They offer services across multiple settings:
- Inpatient psychiatric hospitals for acute care.
- Specialty treatment facilities for complex disorders.
- Residential treatment centers for longer-term care.
- Outpatient clinics and therapeutic school-based programs.
For the full fiscal year 2025, Acadia is guiding for total revenue in the range of $3.28 billion to $3.30 billion. Here's the quick math on their scale: they serve approximately 75,000 patients daily across their network. You can defintely see the demand is there.
2025 Financial Performance: Growth vs. Headwinds
The company's third-quarter 2025 results, reported in early November, show the current market tension. Revenue for the quarter was strong at $851.6 million, a solid 4.4% increase over the same period last year. This top-line growth is a direct result of their expansion and the persistent need for behavioral health services.
The main product-acute inpatient psychiatric facilities-was a key driver, bringing in $471.5 million in revenue for the quarter, an increase of 7.2% year-over-year. However, the profitability story is more complex. Net income attributable to Acadia for Q3 2025 was $36.2 million, which was down significantly from the prior year.
Management revised the full-year 2025 guidance, projecting adjusted earnings per share (EPS) to be between $2.35 and $2.45. What this estimate hides is the impact of new facility costs. Startup losses from newly opened facilities totaled $13.3 million in the third quarter, nearly double the previous year, plus they're dealing with higher professional and general liability (PLGL) expenses. So, while revenue is up, the cost of aggressive expansion and operational pressures are weighing on margins.
Acadia's Leadership Position in Behavioral Healthcare
Acadia Healthcare isn't just a large company; it's recognized as the largest stand-alone behavioral health company in the US. This leading position is built on their national scale and their focus on specialized, evidence-based care across the full spectrum of behavioral health. They are a pure-play investment in a sector with undeniable long-term demand.
Their strategy involves joint ventures with major non-profit hospital systems, which helps them expand access to care while mitigating some capital expenditure risk. This model allows them to rapidly open new facilities and add beds-they added 83 newly licensed beds to existing facilities and 346 beds to new facilities in Q3 2025 alone. This aggressive bed-addition strategy is what positions them for future revenue growth, even if it creates short-term earnings pressure.
To truly understand the strategic moves and the institutional interest driving their valuation, you need to see who is betting on this growth story. Exploring Acadia Healthcare Company, Inc. (ACHC) Investor Profile: Who's Buying and Why?
Acadia Healthcare Company, Inc. (ACHC) Mission Statement
You're looking at Acadia Healthcare Company, Inc. (ACHC) because the behavioral health sector is a clear growth area, but you need to know if the company's internal compass aligns with its financial trajectory. The mission statement is that compass. It's not just marketing; it's the strategic blueprint that guides capital allocation, clinical decisions, and expansion efforts.
Acadia Healthcare's mission is direct: Breaking Down Acadia Healthcare Company, Inc. (ACHC) Financial Health: Key Insights for Investors, our mission is to provide compassionate care that improves lives, inspires hope, and elevates communities. This commitment extends to striving to be a world-class organization that sets the standard for excellence in the treatment of specialty behavioral health and addiction disorders. This statement breaks down into three core, actionable components that drive their nearly $3.3 billion to $3.35 billion in forecasted 2025 full-year revenue.
Component 1: Providing Compassionate Care to Improve Lives
This is the human-centric core of the business. For a company operating a network of 270 behavioral healthcare facilities, serving more than 82,000 patients daily, the quality of individual patient interaction is the ultimate metric. This component is about delivering individualized, high-quality care that helps patients regain hope in a supportive environment. It's the empathetic foundation for their entire operating model.
The proof is in the patient experience data. In 2024, nearly 8 out of 10 patients reported they would be likely to recommend treatment at an Acadia Healthcare facility, which is a defintely strong signal in a sensitive, high-acuity care setting. This focus on compassionate, personalized care is what drives patient days-a critical revenue driver-which increased by 2.2% in the first quarter of 2025 alone. This isn't just a soft goal; it's a measurable operational priority.
Component 2: Setting the Standard for Excellence in Treatment
The second pillar moves from empathy to clinical precision. Setting the standard means a commitment to evidence-based practices, specialized treatment programs, and continuous quality improvement. This is where the company invests heavily in talent, technology, and clinical protocols to ensure superior patient outcomes. Here's the quick math: high-quality care leads to better clinical outcomes, which strengthens payer relationships and justifies the revenue per patient day growth, which was up 7.5% in Q2 2025.
Acadia Healthcare backs this up with hard quality scores. Their affiliated comprehensive treatment centers, which focus on opioid use disorder, earned 99%-plus quality scores across all 13 measures from the Commission on Accreditation of Rehabilitation Facilities (CARF). This level of accreditation performance demonstrates a deep, measurable dedication to clinical excellence that goes well beyond the industry average. It's about being a leader in the field, not just a participant.
- Achieve 99%-plus CARF quality scores.
- Invest in technology for quality care.
- Focus on evidence-based treatment protocols.
Component 3: Inspiring Hope and Elevating Communities
The final component is the growth strategy mapped onto a societal need. The mission to 'elevate communities' translates directly into expanding access to care in underserved areas. The U.S. faces a massive shortage of behavioral health beds, so Acadia Healthcare's expansion is both a business opportunity and a public service. For instance, the company added 378 newly licensed beds in the first quarter of 2025, a significant step toward addressing the critical demand for services.
This expansion is expensive upfront, but it's a long-term play. Acadia Healthcare is forecasting approximately $50 million to $55 million in startup losses for the full year 2025 related to these new facilities and joint ventures. This is a necessary investment to fulfill the mission's promise of accessibility and community elevation. They are actively managing this near-term risk to capture the long-term opportunity of providing care to approximately 74,000 patients daily across their comprehensive treatment centers alone.
Acadia Healthcare Company, Inc. (ACHC) Vision Statement
If you're looking at Acadia Healthcare Company, Inc. (ACHC), you need to see past the stock ticker and understand the core principles driving their growth. The company's strategic direction is anchored by a clear mission and a multi-faceted vision: to be the indispensable national leader in behavioral healthcare. This isn't just marketing; it maps directly to their capital allocation and expansion strategy, especially in 2025.
Their mission is simple but powerful: to provide compassionate care that improves lives, inspires hope, and elevates communities. This is the bedrock for everything else. You can get a full overview of how this translates into their business model and financial history here: Acadia Healthcare Company, Inc. (ACHC): History, Ownership, Mission, How It Works & Makes Money. Honestly, without this foundation, the financial numbers are just noise.
The Mission: Compassionate Care and Community Elevation
The mission-improving lives, inspiring hope, and elevating communities-is their north star, especially in the high-acuity behavioral health space. This commitment is reflected in their operational scale. As of early 2025, Acadia Healthcare operated a network of 270 behavioral healthcare facilities, serving over 82,000 patients daily across 39 states and Puerto Rico.
This isn't a small-scale operation; it's the largest stand-alone behavioral healthcare company in the U.S. Their core value, We Lift and Uplift, is the human element here. It means bringing both clinical expertise and genuine compassion to patients who are often at their most vulnerable. It's a defintely necessary component in this sector.
- Provide compassionate care to complex-needs patients.
- Ensure clinical quality is higher than the industry standard.
- Elevate communities by reducing behavioral health stigma.
Vision Component 1: Setting the Standard for Clinical Excellence
The first clear component of Acadia Healthcare's vision is to be a world-class organization that sets the standard for excellence in behavioral healthcare treatment. This aligns with their core value, We Set the Standard for Care. For an investor, this means a focus on clinical outcomes and evidence-based practices, which drives better patient retention and payer relationships-a critical long-term value driver.
The company is aiming to be an indispensable provider for high-acuity and complex-needs patient populations. This is where the money is, but it requires superior clinical capabilities. Their strategy includes strengthening the capabilities of their teams and leveraging technology, which are non-negotiable investments when dealing with complex mental health and addiction issues. It's a quality-first approach that reduces long-term risk.
Vision Component 2: Accelerating Expansion and Access
The second, and most financially visible, vision component is the commitment to intentional growth to increase access to care. This translates directly into their 2025 capital expenditure plans. The company is in a massive expansion cycle, which is why we see significant startup losses in the near term-a necessary cost for future capacity.
Here's the quick math on their expansion: for the first nine months of 2025, Acadia Healthcare added a total of 908 new beds. This included 634 beds in newly constructed facilities and 274 beds added to existing ones. This aggressive growth is why they are guiding for full-year 2025 revenue in the range of $3.28 billion to $3.30 billion, even after lowering the guidance in November 2025. They are putting capital to work, with expansion capital expenditures expected to be between $495 million to $535 million for the full year 2025.
Core Values in Action: Innovation and Unity
Two other core values, We Innovate Quickly To Change Lives and We Succeed as One, speak to the operational execution required to hit those ambitious growth targets. You can't execute a massive bed expansion and maintain clinical quality without operational unity and innovation.
The innovation side is about finding different pathways to progress for patients, which translates to better utilization and same-facility growth. In the third quarter of 2025, for example, same-facility admissions grew by 3.3% compared to the prior year. This kind of organic growth, coupled with new facility openings, is what drives the top-line. The unity value, We Succeed as One, is crucial for managing the complexity of a network that will generate an Adjusted EBITDA of $650 million to $660 million for the full year 2025. That's a huge operation to manage cohesively.
Acadia Healthcare Company, Inc. (ACHC) Core Values
You're looking at Acadia Healthcare Company, Inc. (ACHC) and want to know if their values are more than just wall posters. Honestly, the values are the operating manual, especially in a complex field like behavioral healthcare where clinical outcomes are the bottom line. Their four core values-Setting the Standard for Care, Lifting and Uplifting, Innovating Quickly, and Succeeding as One-map directly to their strategic actions and financial performance, even with the recent lowering of full-year guidance.
The near-term risk is clear: the company lowered its full-year 2025 Adjusted EBITDA guidance to a range of $650 million to $660 million from the prior range of $675 million to $700 million, reflecting incremental volume and rate pressures. But the opportunity is in their execution on these values, which is driving admissions growth and operational efficiency. That's where we need to focus.
We Set the Standard for Care
This value is about clinical excellence and accountability. It means providing high-quality treatment that is evidence-based, not just trying to fill beds. For Acadia Healthcare, this translates to measurable patient outcomes and satisfaction. In 2024, their patient satisfaction scores averaged 4.5 out of 5, a concrete signal of quality care delivery. This level of performance is what keeps payors and patients coming back, which is defintely a long-term driver of revenue.
Here's the quick math: high patient satisfaction means lower churn and a stronger referral pipeline, which directly supports the growth in same-facility admissions that grew by 3.3% in the third quarter of 2025. They are also committed to enhancing clinical quality through ongoing investment in evidence-based practices and staff training, ensuring they remain leaders in the field of behavioral healthcare.
We Lift and Uplift
This core value speaks to the compassionate, supportive environment Acadia Healthcare strives to create for patients, families, and employees. Behavioral health is a high-burnout field, so retaining talent is a direct measure of this value's success. The company has seen labor turnover improve for six consecutive quarters as of Q3 2025, and base wage growth has stabilized. That's a huge operational win.
When staff feel supported and stay, patient care quality is more consistent. The focus here is on bringing encouragement and compassion to help people fight for themselves. This value also underpins their mission to provide compassionate care that improves lives, inspires hope, and elevates communities. You can learn more about the financial implications of this commitment in Exploring Acadia Healthcare Company, Inc. (ACHC) Investor Profile: Who's Buying and Why?
We Innovate Quickly To Change Lives
Innovation in healthcare means expanding access and using data to improve treatment pathways. For Acadia Healthcare, this value is the engine behind their aggressive expansion strategy. They are seizing opportunities to creatively problem-solve for patient success.
Actionable examples from the 2025 fiscal year include:
- Adding over 1,700 beds across 2024 and 2025 to increase access to care.
- Opening new facilities, evidenced by the addition of 346 beds to new facilities in the third quarter of 2025 alone.
- Executing enhanced, data-driven planning and referral source-level action plans to drive volume growth, a clear sign of operational innovation.
This rapid expansion required significant capital expenditure, projected to be between $630 million and $690 million for the full year 2025. That's a massive investment in future capacity.
We Succeed as One
This value emphasizes collaboration across Acadia Healthcare's entire treatment network, which operates 262 facilities across 39 states and Puerto Rico. It's about ensuring that a patient gets the same high-quality, complex care whether they are at an acute inpatient psychiatric facility or a residential treatment center.
The financial impact of this unity is visible in the Q3 2025 results:
- Total third-quarter revenue was $851.6 million, an increase of 4.4% year-over-year, showing the network is working together to deliver growth.
- The company is executing portfolio rationalization to focus on the highest-performing markets and service lines, which is the ultimate expression of 'Succeed as One'-optimizing the whole network for better performance.
What this estimate hides is the complexity of integrating new facilities and services, but the overall growth in admissions shows the strategy is gaining traction.

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