---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-274380"
form_type: "8-K"
ticker: "ACHC"
cik: "0001520697"
company_name: "Acadia Healthcare Company, Inc."
filed_at: "2025-11-10T23:59:59+00:00"
generated_at: "2026-05-16T22:21:27.496057+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Acadia Healthcare settles securities class action for $179M; no admission of liability

## Summary
- Settlement of $179M resolves St. Clair County ER Sys. v. Acadia Healthcare case with no admission of liability.
- Company expects ~$30M from insurance; balance funded from cash on hand and existing credit lines.
- Aggregate settlement expensed in Q4 2025; excluded from adjusted EBITDA, no impact on guidance.
- As of Sept 30, 2025: cash $118.7M, revolver availability $786.7M, net leverage ratio 3.4x.

## SEC filing metadata
- accession: 0001193125-25-274380
- form_type: 8-K
- ticker: ACHC
- cik: 0001520697
- company_name: Acadia Healthcare Company, Inc.
- filed_at: 2025-11-10T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1520697/000119312525274380/0001193125-25-274380-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1520697/000119312525274380/d29611d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-274380
- JSON: https://secwatch.observer/filing/0001193125-25-274380.json
- Plain text: https://secwatch.observer/filing/0001193125-25-274380.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.