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Benzinga
Benzinga
Business
Vandana Singh

Psych Hospital Operator Acadia Healthcare Downgraded As It Braces For Medicaid Cuts

Acadia Healthcare Acadia Medicaid BofA Nasdaq
Acadia Healthcare

Bank of America (BofA) Securities downgraded Acadia Healthcare Inc (NASDAQ:ACHC), a behavioral health company that operates inpatient psych hospitals, residential treatment centers, and outpatient clinics, as well as therapeutic school-based programs.

BofA downgraded Acadia given the headwinds from cuts to Medicaid state-directed payment programs (SDPs) in 2028+.

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