---
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"
generated_at: "2026-05-16T15:42:26.238916+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Acadia Healthcare lowers 2025 guidance after actuarial review shows $49M PLGL expense increase

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- 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/1520697/000143774925036657/0001437749-25-036657-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1520697/000143774925036657/achc20251202_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-036657
- JSON: https://secwatch.observer/filing/0001437749-25-036657.json
- Plain text: https://secwatch.observer/filing/0001437749-25-036657.txt

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