Acadia Healthcare: Very Scary Findings From A 14-Month Investigation

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About: Acadia Healthcare Company, Inc. (ACHC)
by: Penn Little
This article is exclusive for subscribers.
Penn Little
Healthcare, Long/Short Equity, Special Situations, event-driven
Summary

Many patients and families are alleging various incidents of misconduct, which include wrongful death, sexual assault, and abuse/neglect of patients, some of whom are under 18.

Since mid-August 2015, insider holdings have dwindled from 30% to less than 1%.

Questionable accounting for goodwill and PPE depreciation expenses.

Company has a NEGATIVE tangible net worth.

Directional short thesis.

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