ATLANTA, GA – – (Globe Newswire – October 23, 2024) – – A shareholder class action lawsuit has been filed against Acadia Healthcare Company, Inc. (“Acadia” or “the Company”) (NASDAQ: ACHC). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company’s business, operations, and prospects, including allegations that: (1) Acadia’s business model centered on holding vulnerable people against their will in its facilities, including in cases where it was not medically necessary to do so; (2) while in Acadia facilities, many patients were subjected to abuse; and (3) Acadia deceived insurance providers into paying for patients to stay in its facilities when it was not medically necessary.

If you bought shares of Acadia between February 28, 2020 and October 18, 2024, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com/case/acadia-healthcare-company/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is December 16, 2024.