Acadia Healthcare Co. shares fell as much as 8 percent after a short seller alleged “widespread patient abuse and neglect” at the behavioral health services firm.
Aurelius Value said in a tweet that it had taken a short position against Acadia. In a report Aurelius released Thursday, it alleged that persistent understaffing at the health company’s facilities inflated profits but led to patterns of dangerous conditions for patients.
A spokeswoman for Acadia didn’t immediately respond to requests for comment. Shares of the company were down 3.5 percent to $35.27 at 11:51 a.m. in New York, paring earlier losses.
Acadia ...
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