Joint ventures are leading behavioral health provider Acadia Healthcare’s growth strategy.
Acadia’s CEO Christopher Hunter revealed that roughly 50% of its projected 670-bed additions this year are in the acute care setting, with the bulk of those additions driven by joint ventures. JVs are expected to be even more crucial as the company plans to expand by 1,150 beds in 2024 and in 2025, Behavioral Health Business reports.
The company uses both a proactive and reactive approach to JV opportunities. It has screened all market service areas in the country and evaluated if a de novo, M&A, or joint venture expansion makes sense for the business. Read more.
