Acadia Healthcare Company, Inc. (NASDAQ: ACHC)

This investigation is for anyone who acquired securities in Acadia Healthcare Company, Inc. (NASDAQ: ACHC) prior to December 2, 2025.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by failing to timely inform investors of the severity of the Company’s legal problems.

On December 2, 2025, after market hours, Acadia disclosed that “following its annual, third-party actuarial review of anticipated PLGL costs,” the Company expected higher expenses “associated primarily with patient-related litigation” and “now expects full-year 2025 Adjusted EBITDA in the range of $601 million to $611 million, compared to its prior guidance of $650 million to $660 million.” Additionally, the Company “now projects 2025 PLGL expense of approximately $116 million, compared to $54 million in 2024, representing a year-over-year increase of approximately $62 million” due primarily to higher expected settlement costs for claims, a significant increase in claim frequency, elevated incurred-but-not-reported reserves, and “[less] favorable reinsurance coverage terms versus prior years.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Acadia Healthcare Company, Inc. (NASDAQ: ACHC) prior to December 2, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.