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ACADIA HEALTHCARE INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Acadia Healthcare Company, Inc. - ACHC

Acadia Healthcare Company, Inc. (ACHC) 
Last acadia healthcare company, inc. earnings: 2/27 04:05 pm Check Earnings Report
Company Research Source: Business Wire
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Acadia Healthcare Company, Inc. (NasdaqGS: ACHC).Beginning in February 2017, the Company touted itself as “the leading independent provider of mental health services in the UK” reassuring investors of its “competitive strength” based on “[f]avorable industry and legislative trends.” On October 24, 2017, the Company disclosed negative financial results for 3Q 2017 including a reduction to its guidance for fiscal year 2017 and a significant cut to EBITDA relating to its UK facilities purportedly driven by “lower census and higher operating costs.” Then, in October and November 2018, investigative reports revealed alleged systematic instances of patient abuse and neglect at dozens of the Company’s facilities.The Company has been sued in a securities class action lawsuit for f Show less Read more
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