Acadia Healthcare, the largest stand-alone behavioral health provider in the United States, has recently appointed Christopher Hunter as its new Chief Executive Officer, effective April 11, 2022. This transition marks a significant shift for the organization, which has experienced substantial growth under former CEO Debbie Osteen, who will remain on the company’s Board of Directors.
Hunter, a seasoned executive with more than 20 years of healthcare experience, joins Acadia Healthcare following a noteworthy tenure at Humana, where he held various leadership roles, including President of the Group, Military & Specialty Segment. His expertise in overseeing significant revenue streams and corporate strategy will be instrumental as Acadia continues its mission to meet the pressing behavioral health needs of millions of Americans. More about his professional history can be found on his LinkedIn profile.
Reeve Waud, Chairman of Acadia’s Board of Directors, expressed confidence in Hunter’s ability to lead the company during this critical time. The board undertook a meticulous search to identify a successor who would not only fit well with the existing executive team but also drive the organization forward. Hunter’s proven record of leadership and innovative growth strategies in the healthcare sector aligns well with Acadia’s ambitious plans for expansion, as reported by Crunchbase.
In his new role, Hunter aims to build upon the strong foundation established by his predecessor. He acknowledges the critical societal demand for behavioral health services, especially in a post-pandemic environment where mental health challenges have escalated. Hunter stated that he looks forward to collaborating with Acadia’s dedicated employees and facility leaders to enhance the quality of care provided to patients across the nation. The official announcement of his appointment provides more details about his vision for Acadia.
Acadia Healthcare operates a sizable network of 238 behavioral healthcare facilities, boasting approximately 10,500 beds and employing over 22,500 individuals. The company serves around 70,000 patients daily, delivering a range of services that include inpatient psychiatric hospitals, residential treatment centers, and outpatient clinics. The organization recorded impressive financial growth, with a revenue increase of 10.7% year-over-year, effectively transitioning from a loss in 2020 to a profitable 2021, as highlighted by Nashville Business Journal.
Under Hunter’s leadership, Acadia is poised to continue its growth trajectory, projecting the addition of 600 new beds in 2022, with similar goals for 2023 and 2024. The company is pursuing a multifaceted growth strategy that encompasses mergers and acquisitions, joint ventures, and the establishment of new facilities. This comprehensive approach illustrates Acadia’s commitment to expanding its market reach and enhancing its service offerings. Further coverage of this strategic plan can be found on Behavioral Health Business.
Hunter’s background includes an MBA from Harvard Business School and a bachelor’s degree with highest honors from the University of North Carolina at Chapel Hill. His previous board experience spans several organizations, where he has contributed his insights and strategic vision.
As Acadia Healthcare embarks on this new chapter under Chris Hunter’s leadership, the company remains focused on its mission to provide high-quality behavioral healthcare services while delivering strong returns for its stockholders. With a solid executive team and a commitment to patient-first care, Acadia is well-positioned to address the evolving needs of the behavioral health landscape in America.