Board Ousts CEO As International Crises Mount For Acadia Healthcare

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About: Acadia Healthcare Company, Inc. (ACHC), Includes: AAC, UHS
by: Penn Little
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Penn Little
Healthcare, long/short equity, special situations, event-driven
Summary

Board fires Acadia CEO, Joey Jacobs and replaces him with former UHS Behavioral Health Division Head, Debra Osteen. Founder Reeve Waud to serve as Chairman.

Bleak Future - Waud has unloaded stock during a quiet period prior to bleak earnings at Q2 and Q3 2018.

Debt-ridden Acadia leaching off of their largest revenue source, the NHS, by locking away children with autism in subpar environments in the UK.

Osteen Escapes UHS to Acadia, Where One of Her Employees is Implicated in the recent death of a 20-year-old Female Patient in Arkansas.

Acadia is owned by Retirement Accounts of Millions of Americans. T Rowe Price Holds 15%.

Reeve Waud (Left) with Gov. Bruce Rauner (R-IL), Waud chairs the IL State Police Merit Board. Source: Chicago Splash.

Chicago, IL -- Thursday evening I released a brief report from London, U.K. The destination my