Results for: Acadia Healthcare

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Acadia Healthcare Company, Inc. (ACHC) and encourages investors who suffered losses exceeding $100,000 between February 28, 2020, and October 18, 2024, to contact the firm. The investigation focuses on allegations that Acadia Healthcare misled investors about its business practices, including allegations of patient abuse and deceptive billing practices. Investors who believe they may have been affected are encouraged to contact Faruqi & Faruqi partner Josh Wilson directly.

Faruqi & Faruqi, LLP, a prominent securities law firm, is investigating potential claims against Acadia Healthcare Company, Inc. (ACHC) following allegations of deceptive business practices. Investors who incurred losses exceeding $100,000 between February 28, 2020, and September 26, 2024, are encouraged to contact Faruqi & Faruqi partner Josh Wilson to discuss their legal options.

Acadia Healthcare Company Inc. has agreed to pay $16.6 million to resolve allegations of billing federal healthcare programs for unnecessary or non-compliant behavioral health services. The settlement comes after investigations into the company’s practices between 2014 and 2017, which included allegations of admitting ineligible patients, extended stays, inadequate staffing, and failing to meet federal and state standards. Despite the settlement, investigations into Acadia’s recent practices are ongoing.

Acadia Healthcare and Methodist Jennie Edmundson Hospital are building a new behavioral health hospital in Council Bluffs, Iowa, addressing a critical shortage of mental health services in the region. The 96-bed facility, set to open in 2026, will offer specialized care for children and adolescents, as well as intensive outpatient services. This partnership aims to improve access to quality mental health services for residents of western Iowa and eastern Nebraska.