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Symbol ACHC
Name Acadia Healthcare Company, Inc.
Currency USD
Sector Health Care
IndustryGroup Health Care Equipment & Services
Industry Health Care Equipment & Supplies
Market NASDAQ Global Select
Country United States
State TN
City Franklin
Zipcode 37067
Website http://www.acadiahealthcare.com
Acadia Healthcare is facing a class action lawsuit filed by Bleichmar Fonti & Auld LLP, with a deadline for investors to join by December 16, 2024. The complaint alleges that the company misrepresented its financial results, linked to insurance fraud and unlawful patient detentions. Following investigative reports and federal inquiries, Acadia's stock has seen significant declines, prompting concerns over its practices and potential legal repercussions.
Bleichmar Fonti & Auld LLP has filed a lawsuit against Acadia Healthcare for securities fraud, alleging the company misrepresented its financial results linked to insurance fraud and unlawful patient detentions. Following investigative reports and federal inquiries, Acadia's stock has seen significant declines. Investors have until December 16, 2024, to seek lead plaintiff status in the case, Dyar v. Acadia Healthcare Company, Inc.
The Zacks Medical-Hospital industry is experiencing growth driven by rising patient volumes, the resumption of elective procedures, and technological advancements. Key players like HCA Healthcare, Tenet Healthcare, and Universal Health are well-positioned to capitalize on these trends, despite challenges such as increasing staffing costs. Mergers and acquisitions are expected to further enhance market share in this fragmented sector.
Acadia Healthcare is actively pursuing joint ventures to enhance its capabilities, with a 2024 EPS estimate of $3.43 and a projected 7.9% revenue increase. In contrast, Community Health Systems anticipates a 65.5% EPS improvement, driven by strategic acquisitions and divestments, while the Zacks Medical-Hospital industry has outperformed broader markets with a 53.5% gain over the past year.
Bleichmar Fonti & Auld LLP has filed a securities fraud lawsuit against Acadia Healthcare, alleging the company misled investors about its financial practices, including insurance fraud and unlawful patient detentions. Following damaging reports from the New York Times and federal investigations, Acadia's stock has seen significant declines. Investors have until December 16, 2024, to seek lead plaintiff status in the case pending in Tennessee.
Acadia Healthcare Company, Inc. has received a Buy rating from UBS. The company operates over 258 behavioral health facilities across 38 states and Puerto Rico, offering services such as acute inpatient psychiatric care, specialty treatment, and residential treatment for behavioral disorders. With 11,400 beds, Acadia focuses on stabilizing patients in need of intensive care and support.
Acadia Healthcare Company, Inc. has received a Buy rating from UBS. The company operates over 258 behavioral health facilities across 38 states and Puerto Rico, offering services such as acute inpatient psychiatric care, specialty treatment, and residential treatment for behavioral disorders. With 11,400 beds, Acadia provides comprehensive care to stabilize patients in need.
Acadia Healthcare Company, Inc. (ACHC) reported an 8.7% revenue increase to $816 million in Q3 2024, driven by higher patient days and rate improvements. Despite challenges, including legal investigations and a temporary decline in patient growth, the company plans to add 1,200 new beds this year to address the unmet demand for mental health services. Adjusted earnings per diluted share are projected between $3.35 and $3.45, while the stock has seen a significant decline, trading near its 52-week low.
Bleichmar Fonti & Auld LLP has announced a securities fraud class action lawsuit against Acadia Healthcare Company, Inc. and its executives, with a court deadline for investors to seek lead plaintiff status by December 16, 2024. The complaint alleges that Acadia misrepresented its financial results, driven by unethical practices, including holding patients against their will. Following negative media coverage and federal inquiries, Acadia's stock experienced significant declines.
Rosen Law Firm has expanded the class period for a securities class action lawsuit against Acadia Healthcare Company, Inc. to include investors from February 28, 2020, to October 18, 2024. Investors may be entitled to compensation without upfront fees. Those wishing to serve as lead plaintiff must act by December 16, 2024.

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