Law Offices of Howard G. Smith announces an investigation on behalf of Acadia Healthcare Company, Inc. (“Acadia” or the “Company”) (NASDAQ: ACHC) investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN ACADIA HEALTHCARE COMPANY, INC. (ACHC), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.

What Happened?

On December 2, 2025, after market hours, Acadia disclosed that “following its annual, third-party actuarial review of anticipated PLGL costs,” the Company expected higher expenses “associated primarily with patient-related litigation” and “now expects full-year 2025 Adjusted EBITDA in the range of $601 million to $611 million, compared to its prior guidance of $650 million to $660 million.” Additionally, the Company “now projects 2025 PLGL expense of approximately $116 million, compared to $54 million in 2024, representing a year-over-year increase of approximately $62 million” due primarily to higher expected settlement costs for claims, a significant increase in claim frequency, elevated incurred-but-not-reported reserves, and “[less] favorable reinsurance coverage terms versus prior years.”

On this news, Acadia’s stock price fell $1.80, or 10.9%, to close at $14.69 on December 3, 2025, thereby injuring investors.

Contact Us To Participate or Learn More:

If you purchased Acadia securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

Law Offices of Howard G. Smith,

3070 Bristol Pike, Suite 112,

Bensalem, Pennsylvania 19020,

Telephone: (215) 638-4847

Email: howardsmith@howardsmithlaw.com,

Visit our website at: www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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