AAC Holdings, Inc. Plans for Growth with Lease Signing for New Headquarters
January 12 2015 - 3:15PM
Business Wire
AAC Holdings, Inc. (NYSE: AAC), announced plans to support its
next stage of growth with the signing by its wholly owned
subsidiary American Addiction Centers, Inc. of a
102,000-square-foot, 10-year lease at 200 Powell Place in
Brentwood, Tennessee for its new corporate headquarters and call
center. The Company expects to begin transitioning from its current
space in the third quarter of 2015 with a completed move
anticipated by late third quarter 2015.
Michael Cartwright, Chairman and Chief Executive Officer of AAC
Holdings, noted, “We have been in the market for some time to
secure enough space to accommodate our current growth pace as well
as plan for what we are anticipating in the future. Maryland Farms
is home for us, and the move down the street will ease our
transition. We look forward to the much larger space to continue
scaling our call center operations and expanding our training
facilities as well as having the flexibility to quickly scale up
operations to address new opportunities.”
About American Addiction Centers
American Addiction Centers is a leading provider of inpatient
substance abuse treatment services. We treat adults as well as
adolescents who are struggling with drug addiction, alcohol
addiction, and co-occurring mental/behavioral health issues. We
operate six substance abuse treatment facilities located throughout
the United States, focused on delivering effective clinical care
and treatment solutions.
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’ possible or assumed future results of
operations, including descriptions of AAC Holdings’ revenues,
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) our inability to operate our
facilities; (ii) our reliance on our sales and marketing program to
continuously attract and enroll clients; (iii) a reduction in
reimbursement rates by certain third-party payors; (iv) our failure
to successfully achieve growth through acquisitions and de novo
expansions; and (v) general economic conditions, as well as other
risks discussed in the “Risk Factors” section of the Company’s
registration statement on Form S-1, as amended, 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.
SCR PartnersTripp Sullivan, 615-760-1104IR@contactAAC.com
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