Financial Performance and Guidance - Acadia reiterated its 2025 revenue guidance of $3280 million to $3300 million[12] - The company also reaffirmed its 2025 adjusted EBITDA guidance of $601 million to $611 million[12] - Acadia expects adjusted EPS for 2025 to be in the range of $194 to $204[12] - Weaker volume environment impacting recent cohort occupancy ramp[34] Operational Highlights and Expansion - Acadia is the 1 pure-play Behavioral Health (BH) provider in the US, treating over 82000 patients daily across its 4 service lines[16] - The company operates 277 facilities across the nation, including 59 acute facilities, 31 specialty facilities, 9 RTC facilities, and 178 CTC locations[16] - In 2025, Acadia added 1089 new beds but closed five facilities totaling 382 beds, resulting in a net increase of 707 beds[30] Strategic Initiatives and Challenges - The company is focused on setting the standard for quality across the industry while expanding access to behavioral healthcare[23] - Acadia faced challenges in 2025, including increased PLGL litigation costs, volume underperformance, and rate pressure, impacting adjusted EBITDA[32] - New facility openings represent >$200 million incremental EBITDA opportunity[37]