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Engine Capital Pressures Acadia Healthcare Amid DOJ Probe

9/25/2025

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Summary

Story summary

Engine Capital urges Acadia Healthcare to add directors and seek asset sales to fund buybacks, potentially lifting shares.
Engine Capital, holder of about 3% of Acadia Healthcare, criticizes the 2022 reorganization for negative returns and challenges.
The United States Department of Justice is investigating Acadia Healthcare for improper practices. Acadia's shares have fallen over 70% from the 2022 peak.

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Story summary

Engine Capital urges Acadia Healthcare to add directors and seek asset sales to fund buybacks, potentially lifting shares.
Engine Capital, holder of about 3% of Acadia Healthcare, criticizes the 2022 reorganization for negative returns and challenges.
The United States Department of Justice is investigating Acadia Healthcare for improper practices. Acadia's shares have fallen over 70% from the 2022 peak.