BUZZ-Acadia Healthcare rises after Engine Capital pushes for change in co's board

Reuters

Yesterday

** Shares of Acadia Healthcare ACHC.O rise 10.7% to $24.26

** Activist investor Engine Capital sends letter to co's board asking it to explore a potential asset sale and add new directors to its board

** Engine Capital, which owns about a 3% stake in Acadia, says the healthcare service provider has sustained negative returns due to ineffective execution of its reorganization in 2022

** Acadia did not immediately respond to Reuters request for comment

** Including session's move, ACHC stock was down 39.4% YTD

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))

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