Acadia Healthcare hit with $485M jury verdict in New Mexico lawsuit; intends to challenge

Acadia Healthcare Company, Inc.

Jury awarded $80M compensatory and $405M punitive damages on July 7, 2023, in third of five lawsuits.
Two prior cases settled in 2021; amounts were covered by professional liability insurance.
Two other cases remain pending; final resolution may have an adverse impact on the Company.
Company calls award far beyond precedent and intends to pursue all legal options to overturn it.

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