Acadia Healthcare is shifting its strategy from pursuing growth to maximizing returns from its existing footprint, limiting planned 2026 capital expenditures to a range of $255 million to $280 million. The largest standalone behavioral health provider in the United States, operating 275 facilities and more than 12,400 beds across 40 states, reported first-quarter 2026 revenues rose 7.6% year over year to $828.8 million. Management raised its full-year adjusted EBITDA guidance from $575-$610 million to $580-$615 million. The company has also resolved legacy billing disputes, strengthened compliance standards, and brought back Debbie Osteen as CEO. Shares of Acadia have gained 20.9% over the past year, compared to an 8.4% decline for the industry.
Acadia Healthcare Company IncAcadia raised 2026 EBITDA guidance and announced a strategic shift to maximize existing footprint, limiting capex.
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