 | |
| Company type | Public |
|---|---|
| Founded | 2005 |
| Headquarters | Franklin, Tennessee, U.S. |
Number of employees | 28,600 (2020) |
| Website | acadiahealthcare |
Acadia Healthcare Company, Inc. is an American provider of for-profit behavioral healthcare services. It operates a network of over 225 facilities across the United States and Puerto Rico.[1] The company has
The company has been investigated for unethical practices multiple times, and involved in multiple lawsuits, including:
- Sexual abuse In November 2023, Acadia Healthcare settled three cases for $400 million, alleging that a nonprofit operated by a former New Mexico facility placed children in foster care where they were sexually abused. In January 2024, a New Mexico jury awarded $485 million in damages to a child and her guardians in a related case. The jury ordered Acadia Healthcare to pay $80 million in compensatory damages and $250 million in punitive damages.
- Securities fraud In January 2021, Robbins Geller defeated a motion to dismiss in the case *St. Clair County Employees' Retirement System v. Acadia Healthcare Company, Inc.*, which involved securities fraud.
- Wage and hour violations Acadia Healthcare has been involved in multiple wage and hour violations, including in 2013, 2018, and 2010.
- ^ "Acadia Healthcare Reports First Quarter 2021 Results and Increases 2021 Guidance". www.businesswire.com. 2021-04-29. Retrieved 2021-05-19.