Acadia Healthcare Announces Christopher Hunter as New Chief Executive Officer
April 01 2022 - 8:30AM
Business Wire
Acadia Healthcare Company, Inc. (NASDAQ: ACHC) today announced
that its Board of Directors has named Christopher Hunter as the
Company’s new Chief Executive Officer. He will join Acadia on April
11, 2022 and will serve on the Company’s Board of Directors. Hunter
brings an array of executive and healthcare experience from prior
senior leadership roles at Humana, TriZetto and BlueCross
BlueShield of Tennessee. He replaces Debbie Osteen, who became the
Company’s Chief Executive Officer in 2018 and oversaw more than
three years of successful growth. Osteen has entered into a
consulting agreement to assist with the transition and will remain
on Acadia’s Board of Directors.
“The Board conducted a thorough and highly selective process to
find a Chief Executive Officer who would complement our existing
executive team and build on our strong foundation,” said Reeve B.
Waud, Chairman of Acadia’s Board of Directors. “Chris brings the
right combination of skills and expertise to lead Acadia as we
continue to extend our market reach to meet the behavioral health
needs of millions of Americans. His proven track record of
leadership and innovative growth within the healthcare industry
will ensure that we continue to execute our strategic growth plan
with favorable results. At the same time, Chris believes in our
objective to remain a patient-first organization focused on quality
of care and an employer of choice delivering strong returns for our
stockholders over the long term. Chris has the complete confidence
of the Board, and we are fortunate to also have the support of a
committed executive management team. Together, we look forward to
the opportunities ahead for Acadia as we advance our position as a
leading behavioral healthcare provider.
“We greatly appreciate Debbie’s important contributions to
Acadia’s growth and success, and we are confident this will be a
smooth transition of leadership. We are pleased to have Debbie
remain on the Company’s Board as we continue to benefit from her
expertise and valuable insight,” added Waud.
Hunter joins Acadia’s experienced and proven leadership team,
bringing more than 20 years of healthcare experience and expertise
across a range of sectors, multiple technology-focused companies,
as well as the investment banking industry. Most recently, he
served as President of Humana’s Group, Military & Specialty
Segment, where he oversaw three distinct business units, totaling
approximately $7 billion in revenue and serving 20 million members
across 45 states. He also served as Humana’s Chief Strategy Officer
with responsibility for all corporate strategy, merger and
acquisitions and partnership activities.
“This is an incredible honor, and I am excited to join such a
strong, respected organization that is addressing a critical
societal need at a pivotal time for our country,” said Hunter.
“With a growing patient base and an industry-leading executive team
already in place, I’m looking forward to building on the successful
trajectory set by Debbie and the leadership team. I am proud to
work with Acadia’s committed facility leaders and 22,500 dedicated
employees across the country with a shared mission to provide
high-quality behavioral healthcare services to existing and new
communities.”
Hunter received his bachelor’s degree with highest honors from
the University of North Carolina at Chapel Hill and an M.B.A. from
the Harvard Business School. His recent board experience includes
AfterNext HealthTech (NYSE: AFTR), Availity, Youth Villages and the
UNC-Chapel Hill Honors Program.
About Acadia
Acadia is a leading provider of behavioral healthcare services
across the United States. As of December 31, 2021, Acadia operated
a network of 238 behavioral healthcare facilities with
approximately 10,500 beds in 40 states and Puerto Rico. With more
than 22,500 employees serving approximately 70,000 patients daily,
Acadia is the largest stand-alone behavioral health company in the
U.S. Acadia provides behavioral healthcare services to its patients
in a variety of settings, including inpatient psychiatric
hospitals, specialty treatment facilities, residential treatment
centers and outpatient clinics.
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Gretchen Hommrich Vice President, Investor Relations (615)
861-6000
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