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Acadia Healthcare

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"ACHC" redirects here. For the association of health care companies, seeAccreditation Commission for Health Care.
Acadia Healthcare Company, Inc.
Company typePublic
Founded2005;19 years ago(2005)
HeadquartersFranklin, Tennessee,U.S.
Number of employees
28,600 (2020)
Websiteacadiahealthcare.com

Acadia Healthcare Company, Inc.is an American provider of for-profitbehavioral healthcareservices. It operates a network of over 225 facilities across the United States andPuerto Rico.[1]

Overview

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Acadia was founded as a private corporation in 2005 by Reeve B. Waud.[2]It went public in 2011.[2]

The company is headquartered inFranklin, Tennessee.[3]As of 2024 Acadia operates over 50 inpatient psychiatric hospitals in 19 US states, including Arizona, Arkansas, Florida, Georgia, Indiana, Michigan, Missouri, New Mexico, Ohio, Oklahoma, Pennsylvania, Tennessee, Utah, and Wisconsin.[2][4][5][6][7]It is one of the country's largest hospital systems.[2]

Business model

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Since the passage of theAffordable Care Act,which requires US insurers to cover mental health care, Acadia has partnered with non-profit US hospital systems such asHenry Fordin Michigan,Geisingerin Pennsylvania, andNebraska Methodist.[8][9][10]According toStat,the for-profit partner typically operates facilities under the names of their non-profit partners, such as Mount Carmel Behavioral Health inColumbus,Ohio, which Acadia operates forMount Carmel Health System.[11]

Acadia markets directly to consumers to encourage them to "skip the ER" at their local not-for-profit hospital and come directly to an Acadia facility with mental health issues.[8]It develops relationships with first responders to encourage them to bring people experiencing mental health issues directly to an Acadia facility and with emergency room staff to encourage referrals.[8]

Operations

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United States

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Acadia operates facilities for patients with behavioral problems,PTSD,trauma,eating disordersandsubstance abuse.[12]In 2022 it had about 22,500 employees and a daily patient census of about 70,000 patients and was said to be the largestpure-playbehavioral health company.[13]In 2022 it opened a children's hospital in Chicago, a joint venture facility in Knoxville, and two comprehensive treatment centers. Revenue for the third quarter of the year was $666.7 million, an increase of 13.5% over the third quarter of 2021. It had a network of 242 behavioral healthcare facilities with approximately 10,800 beds in 39 states and Puerto Rico. 300 new beds are planned to be opened during the year.[14]

United Kingdom

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In June 2014, Acadia boughtPartnerships in Care,a British provider of mental health and social care services, and acquired the mental health assets ofCare UKin May 2015.[15]

The company has been investigated by theCompetition and Markets Authorityin the UK in order to deal with concerns about the impact of its acquisition ofPriory Groupon competition. It sold 22 behavioral health facilities for £320 million toBC Partnersin October 2016.[16]

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In July 2023 Acadia was ordered to pay $405 million in a judgement on a lawsuit filed by the guardians of a New Mexico minor.[17]In October 2023 the company settled a $400 million suit for three other cases at the same facility, which has since been shut down.[18]

In January of 2024, Utah's Department of Health and Human Services orderedMidvale's Highland Ridge Hospital to hire an independent monitor for ten hours a week to oversee safety compliance.[19]After another series of safety violations in February, licensing officials required Highland to increase oversight to 40 hours per week.[19]In April of 2024 Acadia announced plans to close the facility the following month.[20][21]

In June of 2024, Acadia and fellow for-profitUnited Health Serviceswere found by theSenate Committee on Financeand theSenate Committee on Health, Education, Labor, and Pensionsto have endangered the welfare of children in their facilities as a result of a business model that optimize revenue instead of optimizing care.[22][23][24]The committees' report stated the problems "occur inevitably and by design: they are the direct causal result of a business model that has incentive to treat children as payouts and provide less than adequate safety and behavioral health treatment in order to maximize operating and profit margin".[23]

In September of 2024, theNew York Timesreported Acadia "lured patients into its facilities and held them against their will, even when detaining them was not medically necessary".[25]Acadia held patients under involuntary hospitalization laws designed to protect people experiencing mental health crises from being a danger to themselves or others; in several states the system was found to have done so for financial rather than medical reasons, according to theTimes.[25]Some were only released after a relative filed a complaint or a lawsuit.[25]

References

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  1. ^"Acadia Healthcare Reports First Quarter 2021 Results and Increases 2021 Guidance".www.businesswire.com.April 29, 2021.RetrievedMay 19,2021.
  2. ^abcdSilver-Greenberg, Jessica; Thomas, Katie (September 1, 2024)."How a Leading Chain of Psychiatric Hospitals Traps Patients".The New York Times.ISSN0362-4331.RetrievedSeptember 2,2024.
  3. ^Larson, Chris (October 31, 2023)."Acadia Healthcare Reaches $400M Settlement for Abuse Litigation".Behavioral Health Business.RetrievedSeptember 2,2024.
  4. ^Irwin, Lauren (June 12, 2024)."Children in residential treatment facilities face multiple risks".The Hill.
  5. ^Larson, Chris (July 12, 2023)."Acadia Healthcare Faces $405M Judgement in Civil Abuse Case".Behavioral Health Business.RetrievedSeptember 2,2024.
  6. ^Larson, Chris (August 1, 2024)."Acadia Healthcare Shutters 5 Facilities, CEO Waves Off Excoriating Senate At-Risk Youth Report".Behavioral Health Business.RetrievedSeptember 2,2024.
  7. ^Wahlberg, David (October 26, 2023)."Work begins on psychiatric hospital on Madison's Far East Side".Wisconsin State Journal.RetrievedSeptember 2,2024.
  8. ^abcSilver-Greenberg, Jessica; Thomas, Katie (September 1, 2024)."How a Leading Chain of Psychiatric Hospitals Traps Patients".The New York Times.ISSN0362-4331.RetrievedSeptember 2,2024.
  9. ^"Acadia Healthcare Forms Joint Venture Partnership With Nebraska Methodist Health System".Business Wire.July 24, 2023.
  10. ^Herman, Bob (July 8, 2024)."Pulling back the curtain on psychiatric hospital joint ventures".Stat.RetrievedSeptember 2,2024.
  11. ^Bannow, Tara (July 8, 2024)."Troubled for-profit chains are stealthily operating dozens of psychiatric hospitals under nonprofits' names".Stat.RetrievedSeptember 2,2024.
  12. ^"New psychiatric hospital to provide mental health services".Greenville on line. December 4, 2016.RetrievedDecember 23,2016.
  13. ^"Acadia Healthcare Taps Walgreens Vet Dr. Nasser Khan to Lead Largest Segment".Behavioral Health Business. September 19, 2022.RetrievedNovember 7,2022.
  14. ^"CORRECTING and REPLACING Acadia Healthcare Reports Third Quarter 2022 Results".Businesswire. October 31, 2022.RetrievedNovember 7,2022.
  15. ^"Mears Group acquires Care UK's domiciliary care service for £11.3m".HealthInvestor. June 1, 2015.RetrievedJune 13,2015.
  16. ^"BC PARTNERS AGREES £320M DEAL FOR 22 PRIORY CLINICS".Insider media. October 21, 2016.RetrievedDecember 23,2016.
  17. ^Larson, Chris (July 12, 2023)."Acadia Healthcare Faces $405M Judgement in Civil Abuse Case".Behavioral Health Business.RetrievedSeptember 2,2024.
  18. ^Larson, Chris (October 31, 2023)."Acadia Healthcare Reaches $400M Settlement for Abuse Litigation".Behavioral Health Business.RetrievedSeptember 2,2024.
  19. ^abMiller, Jessica (March 20, 2024)."Why Utah brought 'one of the strictest sanctions' possible against this hospital".The Salt Lake Tribune.RetrievedSeptember 2,2024.
  20. ^Miller, Jessica (April 8, 2024)."Utah hospital hit with 'one of the strictest sanctions' by state licensers now plans to close".The Salt Lake Tribune.RetrievedSeptember 2,2024.
  21. ^Herbets, Adam (April 8, 2024)."Utah psychiatric hospital to shut down after years of safety concerns exposed by FOX 13 Investigates".KSTU.RetrievedSeptember 2,2024.
  22. ^Irwin, Lauren (June 12, 2024)."Children in residential treatment facilities face multiple risks".The Hill.
  23. ^abLarson, Chris (June 12, 2024)."Senate Finance Committee Releases Excoriating Investigation of Abuse in At-Risk Youth Industry".Behavioral Health Business.RetrievedSeptember 2,2024.
  24. ^Lurie, Julia."New Senate report blasts residential treatment facilities that" treat children as payouts "".Mother Jones.RetrievedSeptember 2,2024.
  25. ^abcSilver-Greenberg, Jessica; Thomas, Katie (September 1, 2024)."How a Leading Chain of Psychiatric Hospitals Traps Patients".The New York Times.ISSN0362-4331.RetrievedSeptember 2,2024.
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  • Business data for Acadia Healthcare:
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