AAC Holdings Schedules Third Quarter 2019 Earnings Release and Conference Call
October 14 2019 - 6:30AM
AAC Holdings, Inc. (NYSE: AAC) today announced details for the
release of its results for the third quarter of 2019. The Company
plans to issue its earnings release before the market opens on
Thursday, November 7, 2019, and will host a conference call and
live webcast on the same day at 8 a.m. CDT to discuss business
highlights and financial performance for the period.
“Currently, the Company expects sequential positive operating
results for the third consecutive quarter,” said American Addiction
Centers.
The number to call for this interactive teleconference is
1-877-224-7960. A replay of the conference call will be available
through November 21, 2019, by dialing 1-877-344-7529 and entering
the replay access code, 10136106
The live audio webcast of the Company's quarterly conference
call will be available online in the Investor Relations section of
the Company's website at ir.americanaddictioncenters.org, and the
online replay will be available approximately one hour after the
end of the call.
About American Addiction Centers American
Addiction Centers is a leading provider of inpatient and outpatient
substance abuse treatment services. We treat clients who are
struggling with drug addiction, alcohol addiction, and co-occurring
mental/behavioral health issues. We currently operate substance
abuse treatment facilities located throughout the United States.
These facilities are focused on delivering effective clinical care
and treatment solutions. For more information, please find us at
AmericanAddictionCenters.org or follow us on Twitter
@AAC_Tweet.
Forward Looking Statements
This release contains forward-looking statements within the
meaning of the federal securities laws. These forward-looking
statements are made only as of the date of this release. In some
cases, you can identify forward-looking statements by terms such as
“anticipates,” “believes,” “could,” “estimates,” “expects,” “may,”
“potential,” “predicts,” “projects,” “should,” “will,” “would,” and
similar expressions intended to identify forward-looking
statements, although not all forward-looking statements contain
these words. Forward-looking statements may include information
concerning AAC Holdings, Inc.’s (collectively with its
subsidiaries; “AAC Holdings” or the “Company”) possible or assumed
future results of operations, including descriptions of the
Company’s revenue, profitability, outlook and overall business
strategy. These statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results
and performance to be materially different from the information
contained in the forward-looking statements. These risks,
uncertainties and other factors include, without limitation: (i)
the Company’s inability to effectively operate its facilities; (ii)
the Company’s reliance on its sales and marketing program to
continuously attract and enroll clients; (iii) a reduction in
reimbursement rates by certain third-party payors for inpatient and
outpatient services and point-of-care and definitive lab testing;
(iv) the Company’s failure to successfully achieve growth through
acquisitions and de novo projects; (v) risks associated with
estimates of the value of accounts receivable or deterioration in
collectability of accounts receivable; (vi) a failure to achieve
anticipated financial results from contemplated and prior
acquisitions; (vii) the possibility that a governmental entity may
prohibit, delay or refuse to grant approval for the consummation of
an acquisition; (viii) the Company’s failure to achieve anticipated
financial results from contemplated and prior acquisitions; (ix) a
disruption in the Company’s ability to perform diagnostic
laboratory services; (x) maintaining compliance with applicable
regulatory authorities, licensure and permits to operate the
Company’s facilities and laboratories; (xi) a disruption in the
Company’s business and reputational and economic risks associated
with the civil securities claims brought by shareholders or claims
by various parties; (xii) inability to meet the covenants in the
Company’s loan documents or lack of borrowing capacity; and (xiii)
general economic conditions, as well as other risks discussed in
the “Risk Factors” section of the Company’s Annual Report on Form
10-K for the year ended December 31, 2018 and other filings with
the Securities and Exchange Commission. As a result of these
factors, we cannot assure you that the forward-looking statements
in this release will prove to be accurate. Investors should not
place undue reliance upon forward-looking statements.
Contact: Joy SuttonDirector of Corporate
CommunicationsOffice: (615) 727-8407Cell: (615)
587-7728JSutton@ContactAAC.com
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