How a Leading Chain of Psychiatric Hospitals Traps Patients

Published On Sep 1, 2024, 5:00 AM

A recent investigation by the New York Times revealed that Acadia Healthcare, a major chain of psychiatric hospitals, has allegedly been holding patients against their will to increase insurance reimbursement. The report highlights disturbing cases where individuals in need of regular mental health care ended up detained without justifiable medical reasons. This practice has raised legal concerns, leading to interventions by law enforcement and judicial authorities in multiple states.

Read full article

Stock Forecasts

ACHCView ACHC chart on TradingView

Negative

Given the negative publicity and potential legal repercussions surrounding Acadia Healthcare's practices, investor sentiment may decline. The investigation could lead to increased scrutiny from regulators and lawsuits that could adversely affect the company's financial performance.

Related News

Acadia Healthcare Says It Faces New Federal Investigations

Sep 27, 2024, 11:25 AM

Shares of the company, one of the largest chains of for-profit psychiatric hospitals, were down 25 percent at one point.

ACHC

Acadia Hospitals Reach $20 Million Settlement With Justice Dept.

Sep 26, 2024, 6:07 PM

The F.B.I. is also investigating the large chain of psychiatric hospitals for holding patients longer than what is medically necessary.

ACHC

Exposing a Hospital Chain’s Disturbing Practices

Sep 9, 2024, 3:00 AM

Jessica Silver-Greenberg and Katie Thomas spent months looking into a psychiatric hospital chain that held some people against their will for financial reasons, not medical ones.

ACHC