{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-036657","form_type":"8-K","ticker":"ACHC","cik":"0001520697","company_name":"Acadia Healthcare Company, Inc.","filed_at":"2025-12-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.622494+00:00","generated_at":"2026-05-16T15:42:26.238916+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Acadia Healthcare lowers 2025 guidance after actuarial review shows $49M PLGL expense increase","bullets":["Adjusted EBITDA guidance reduced to $601-611M from $650-660M; adjusted EPS to $1.94-2.04 from $2.35-2.45.","2025 PLGL expense projected ~$116M, up from $54M in 2024, driven by 168% increase in claim frequency for 2025 policy year.","Net PLGL liability expected to rise to $145-165M at year-end 2025 from $78M at end of 2024.","For 2026, PLGL expense expected between $100M and $110M, reflecting assumption of sustained claim frequency."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-036657","json":"https://secwatch.observer/filing/0001437749-25-036657.json","markdown":"https://secwatch.observer/filing/0001437749-25-036657.md","text":"https://secwatch.observer/filing/0001437749-25-036657.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1520697/000143774925036657/0001437749-25-036657-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1520697/000143774925036657/achc20251202_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T15:42:26.238916+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}