Revenue and EBITDA Growth
Acadia Healthcare reported total revenue of $869.2 million, a 9.2% increase over the second quarter last year. Adjusted EBITDA was $201.8 million, a 7.5% increase over the same period a year ago.
Expansion and Development
In the second quarter, Acadia added 101 beds to existing facilities, totaling 191 beds added in the first half of 2025. Including newly constructed facilities, they have added a total of 479 beds to date in 2025.
Tennessee Supplemental Payment Program Approval
The state of Tennessee approved a new Directed Payment Program, providing a favorable pretax benefit of $51.8 million in the quarter. This includes benefits related to fiscal year 2024 and the first and second quarters of 2025.
Labor Market Trends
The company is experiencing more favorable labor trends in 2025, supported by centralized recruitment and retention initiatives, with premium costs reduced to approximately 3.5%.