Acadia Healthcare Company, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
On Sunday, September 1, 2024, The New York Times published an article titled “How a Leading Chain of Psychiatric Hospitals Traps Patients.” The piece revealed that Acadia Healthcare, one of America’s largest psychiatric hospital chains, has seen a surge in revenue since the pandemic intensified the national mental health crisis. However, an investigation found that some of this success stemmed from troubling practices: Acadia allegedly lured patients into its facilities and held them against their will, even when such detentions were not medically warranted. Records reviewed by The Times indicated that in at least 12 of the 19 states where Acadia operates, numerous patients, employees, and police officers had reported unlawful detentions. In some instances, judges had to step in to compel Acadia to release patients.
As a result of this news, Acadia Healthcare’s stock price dropped by 4.5% on September 3, 2024.
