Acadia Healthcare Co Inc
ACHC
Health Care
2
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Acadia Healthcare operated psychiatric facilities that admitted patients who did not meet inpatient criteria, held them beyond clinical necessity, and billed Medicare, Medicaid, and TRICARE for medically unnecessary behavioral health services from 2014 to 2017. The DOJ alleged the company knowingly understaffed facilities, resulting in patient assaults, elopements, and suicides. Two whistleblowers, a former executive who resigned in 2016 and a compliance officer fired in 2017 for objecting to illegal practices, brought the case under the False Claims Act. Acadia paid $19.85 million in September 2024, including $16.5 million to the federal government and $3 million to four states. Federal investigations into the company's more recent practices are ongoing, with FBI and HHS Inspector General agents interviewing former employees.
AFSC Investigate: BOP opioid treatment contracts; operated unregistered ORR facilities detaining unaccompanied immigrant children (Millcreek Behavioral Health, Rolling Hills Hospital) with documented abuse allegations.
Research Sources
3 organizations
Related Exclusions
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
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