Listen Franklin-based Acadia Healthcare is retrenching after ousting its chairman in December. Under Joey Jacobs, it became one of the largest operators of psychiatric hospitals and addiction clinics in the country. But Acadia is now talking about selling off one of its largest acquisitions.
Franklin-Based Psychiatric Hospital Operator Accused Of Insider Trading
A chain of psychiatric hospitals and addiction clinics headquartered in Franklin is being accused of misleading investors. Acadia Healthcare is facing a shareholder lawsuit in federal court, alleging $1 billion of insider trading proceeds to top officials.
Purchases, More Beds Fuel Growth at Acadia Healthcare
Acadia Healthcare is growing. The Franklin-based mental health provider saw a nearly 60 percent increase in revenue in the second quarter. The company is also on a buying spree. It just completed a $90 million purchase in the Chicago suburbs
Acadia Buys Illinois Hospital for 90 Million Dollars
Company officials say the 122-bed hospital in suburban Chicago already generates 33 million dollars a year in revenue.
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