Join the Acadia Healthcare (ACHC) Securities Lawsuit

Shamis & Gentile P.A., one of the nation's premier class action law firms specializing in securities fraud cases, is investigating potential claims against Acadia Healthcare Company Inc (ACHC).

If you purchased or held Acadia Healthcare Company Inc securities between February 28, 2020 and October 18, 2024, you may be eligible to join this class action lawsuit and seek compensation for your losses.

About Acadia Healthcare Company Inc

Acadia Healthcare Company Inc, headquartered in Franklin, Tennessee, was founded in 2005 and has over 2,100 employees listed on LinkedIn. The company operates a network of behavioral health facilities across the United States and Puerto Rico, focusing on providing care for specialty behavioral health and addiction disorders. As of mid-2024, Acadia operated 258 behavioral healthcare facilities in 38 states and Puerto Rico, including over 50 psychiatric hospitals.

Acadia’s business centers on acute inpatient psychiatric facilities, specialty treatment centers, and residential treatment programs. The company’s primary sources of revenue are state Medicaid programs, commercial insurers, Medicare, and individual patients.

The Allegations

Investors have alleged that Acadia Healthcare and certain executives made false and misleading statements about the company’s business practices, growth, and quality of care during the class period from February 28, 2020 to October 18, 2024.

It is claimed that Acadia’s reported growth and “record demand” were driven by improper and unsustainable practices, including:

• Defrauding insurers by exaggerating patient symptoms and altering medical dosages to justify longer, unnecessary patient stays.
• Unlawfully detaining patients, sometimes beyond legal limits, by exploiting laws to extend involuntary stays and filing petitions to hold patients against their will.
• Providing substandard care in unsanitary conditions, with reports of abuse, lack of therapy, and denial of vital medications.
• Pressuring assessors to admit patients unnecessarily, even when it was not in the best interest of the patient.

These practices allegedly led to multiple government investigations and significant negative media coverage.

When these issues came to light, Acadia’s stock price suffered sharp declines:

• On September 3, 2024, after a New York Times investigation was published, the stock dropped by approximately 5%.
• On September 27, 2024, following disclosures of government subpoenas and investigations, the stock fell by about 16%.
• On October 18, 2024, after further reports of a Veterans Affairs Department investigation, the stock dropped another 12%.

These events caused substantial financial losses for investors who purchased Acadia securities during the class period.

Important Dates

• Class period: February 28, 2020 to October 18, 2024
• Complaint filed: October 29, 2024
• Lead plaintiff deadline: December 16, 2024

If you acquired Acadia Healthcare securities during this time, you may have legal rights in this case.

Your Rights and Next Steps

If you purchased or held Acadia Healthcare Company Inc (ACHC) securities between February 28, 2020 and October 18, 2024, you may be eligible to participate in the lawsuit. As an investor, you have the right to seek compensation for losses suffered as a result of the alleged securities fraud.

To become a lead plaintiff, you must act before the December 16, 2024 deadline. The lead plaintiff is often the investor with the largest financial interest in the case and acts on behalf of other class members. However, even if you do not wish to be a lead plaintiff, you can still join the class action and potentially recover your losses.

Lawyers are ready to help you understand your rights, guide you through the process, and ensure your claim is properly filed. There is no cost to discuss your situation or to join the case. If the lawsuit is successful, you may be entitled to a share of any recovery.

You May Be Entitled to Compensation

If you suffered financial losses as a result of purchasing Acadia Healthcare Company Inc securities during the class period, you may be eligible to recover your losses through this class action lawsuit. Lawyers are ready to help you navigate your options and protect your interests.

To get started, complete the below form to see if you qualify to join the lawsuit.