Little time off, no office time flexibility, constant urgency, lack of communication (from corporate down to the facility level ESPECIALLY at the facility level), and underpaying employees are the opposite of what this company was built on. Sexual assault against patients is alleged to have occurred as well. The company expects to add more than 800 beds to current and new facilities in 2018. Too few staff members to treat patients appropriately. Source: Complaint in US District Court (Rocinek et al v. PSI, Filed 7/20/2010). The company has seen a mass exodus of value, about a third of its market cap, since Littles first report on the behavioral healthcare company. Acadia Healthcare Acquires CenterPointe Behavioral Health System Those who purchased Acadia Healthcare Company Inc (NASDAQ: ACHC) shares should contact the Shareholders Foundation, Inc. NASDAQ: ACHC Shareholder Notice: Update in Lawsuit against Acadia 50+ officers raid mental health hospital after patient found in freezer, other disturbing claims More than 50 local police officers raided a local mental health hospital. A major investor-owned mental health and addiction treatment company will pay the federal government $17 million to settle allegations it defrauded Medicaid in West Virginia. Acadia has been unable to raise any additional funds, either through financing or through additional stock placement, since Q2 2016. Federal inspectors back them up, saying in a report (source) that the facility is: too short-staffed to properly supervise patients. No clear federal definition exists for what constitutes a SUD center, so some entrepreneurs started opening centers in strip malls, filling them with beds, signing users up often through unethical methods. Moncton has out-world-classed Halifax by paying a secret amount of money to have AC/DC perform at Magnetic Hill this summer ("summer" means "September" in New Brunswick). The West Virginia Centers provide outpatient drug treatment, including the administration of Methadone and the prescribing of Suboxone and Subutex. https://www.acadiahealthcare.com. (CRC), operates seven drug treatment centers in West Virginia. Acadia Healthcare Agrees to $17 Million Settlement Regarding Fraudulent Acadia recently reported that profits slid in the first quarter to $29.5 million from more than $50 million early last year, led mostly by personnel costs. 32, 4 Feb., 2019, [8] Patients at Rolling Hills Hospital in Ada suffer broken bones, head injuries, NewsOK, 7 Jan 2019, https://newsok.com/article/5619558/patients-at-rolling-hills-hospital-suffer-broken-bones-head-injuries, [9] New Allegations Of Elder/Veteran Abuse And Parliaments Autism Debate Could Further Jeopardize Top Line For Acadia Healthcare, Seeking Alpha, 31 Jan. 2019, https://seekingalpha.com/article/4237195-new-allegations-elder-veteran-abuse-parliaments-autism-debate-jeopardize-top-line-acadia, [10] http://www.caringfamilysolutions.org/; https://npidb.org/organizations/behavioral_health/clinical_1041c0700x/1548686322.aspx, [11] http://www.hartfordbusiness.com/article/20190118/NEWHAVENBIZ/190119899/behavioral-health-provider-to-pay-100k-over-false-claim-charges, CCHR INTERNATIONAL 52 YEARS OF PROTECTING HUMAN RIGHTS, 2023 Citizens Commission on Human Rights International.
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