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

Bank of America (BofA) Securities downgraded Acadia Healthcare Inc 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+.Analyst Joanna Gajuk downgraded Acadia Healthcare to Neutral from Buy and lowered the price forecast from $27 to $25 on lower estimates.On the positive side, ...