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Revenue (Tables) - U.S. Facilities [Member]
12 Months Ended
Dec. 31, 2025
Schedule of Revenue Attributed to Each Category

The table below presents total revenue attributed to each category (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Acute inpatient psychiatric facilities

 

$

1,830,324

 

 

$

1,678,266

 

 

$

1,489,248

 

Specialty treatment facilities

 

 

567,196

 

 

 

592,023

 

 

 

614,220

 

Comprehensive treatment centers

 

 

567,176

 

 

 

537,886

 

 

 

500,242

 

Residential treatment centers

 

 

348,073

 

 

 

345,788

 

 

 

325,028

 

Revenue

 

$

3,312,769

 

 

$

3,153,963

 

 

$

2,928,738

 

Schedule of Revenue and Percentage Generated by Each Payor Type

The following table presents revenue by payor type and as a percentage of revenue for the years ended December 31, 2025, 2024 and 2023 (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

 

 

Amount

 

 

%

 

 

Amount

 

 

%

 

 

Amount

 

 

%

 

Commercial

 

$

813,788

 

 

 

24.6

%

 

$

820,828

 

 

 

26.0

%

 

$

820,701

 

 

 

28.0

%

Medicare

 

 

473,455

 

 

 

14.3

%

 

 

447,078

 

 

 

14.2

%

 

 

441,761

 

 

 

15.1

%

Medicaid

 

 

1,912,168

 

 

 

57.7

%

 

 

1,781,615

 

 

 

56.5

%

 

 

1,578,518

 

 

 

53.9

%

Self-Pay

 

 

64,822

 

 

 

2.0

%

 

 

60,101

 

 

 

1.9

%

 

 

67,583

 

 

 

2.3

%

Other

 

 

48,536

 

 

 

1.4

%

 

 

44,341

 

 

 

1.4

%

 

 

20,175

 

 

 

0.7

%

Revenue

 

$

3,312,769

 

 

 

100.0

%

 

$

3,153,963

 

 

 

100.0

%

 

$

2,928,738

 

 

 

100.0

%