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Vandana Singh

Activist Investor Builds 3% Stake In Acadia, Urges Board Refresh

Acadia Acadia Healthcare Engine Engine Capital

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Activist investor Engine Capital is pressuring Acadia Healthcare (NASDAQ:ACHC) to overhaul its board and rethink its growth strategy as the behavioral health provider grapples with federal investigations and steep share losses.

In a letter to the company's board, Engine disclosed a roughly 3% stake, making it one of Acadia's 10 largest shareholders.

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