NasdaqGS:ACHCHealthcare
Acadia Healthcare (ACHC) Valuation Following Federal Probe, Lawsuit, and Reduced 2024 Outlook
If you are holding Acadia Healthcare Company (ACHC) stock, or thinking about getting in, this week’s news probably caught your eye. The company is now under investigation by the U.S. Attorney’s Office after being served a grand jury subpoena, specifically targeting its admissions, length of stay, and billing practices. In addition, Acadia faces a securities class action lawsuit that claims it withheld key information, and management just cut their full-year outlook for both revenue and...