Investors of Acadia Healthcare Stock Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating whether certain officers or directors of Acadia Healthcare Company, Inc. (“Acadia Healthcare” or “Acadia”) (NASDAQ: ACHC) failed to manage Acadia Healthcare in an acceptable manner, in breach of their fiduciary duties to Acadia and its shareholders, and whether Acadia Healthcare and its shareholders suffered harm.
INVESTORS OF ACADIA STOCK CAN CLICK HERE OR EMAIL [email protected] TO CONTACT KEHOE LAW FIRM, P.C. TO DISCUSS THE INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
On September 1, 2024, The New York Times published an article which, among other things, stated that “[i]n at least 12 of the 19 states where Acadia operates psychiatric hospitals, dozens of patients, employees and police officers have alerted the authorities that the company was detaining people in ways that violated the law, according to records reviewed by The Times. In some cases, judges have intervened to force Acadia to release patients.”
The New York Times also reported that “. . . at Acadia, patients were often held for financial reasons rather than medical ones, according to more than 50 current and former executives and staff members.”
According to investigative news report, “Acadia, which charges $2,200 a day for some patients, at times deploys an array of strategies to persuade insurers to cover longer stays, employees said. Acadia has exaggerated patients’ symptoms. It has tweaked medication dosages, then claimed patients needed to stay longer because of the adjustment. And it has argued that patients are not well enough to leave because they did not finish a meal.”
Additionally, The New York Times reported that “[u]nless the patients or their families hire lawyers, Acadia often holds them until their insurance runs out.”
ACADIA HEALTHCARE INVESTORS CAN ALSO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO LEARN MORE ABOUT THE BREACH OF FIDUCIARY DUTIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
