Acadia Healthcare Company, Inc. (NasdaqGS:ACHC) is looking for M&A. Christopher Hunter, Chief Executive Officer said during the 45th Annual Raymond James Investor Conference, "Well, I think we're in a very opportunistic position where we have so many different ways to deploy capital. I mean, I would say we continue to want to do more M&A, but [Audio Gap] number of de novos are way [indiscernible] both on the CTC side and also on the specialty side. And so I think we're growing PHP and IOP.

But I would say our M&A pipeline looks really good. We did do some tuck-in CTCs in late 2022. There's a number of opportunities on that side of the business, but also other service lines that I think you'll see continued M&A in the coming year".