AAC Holdings, Inc. Provides Facility Updates in California, Florida and Nevada
January 20 2015 - 6:45AM
Business Wire
AAC Holdings, Inc. (NYSE: AAC), disclosed that on January 8,
2015, its new substance abuse outpatient center in Las Vegas,
Nevada, received full licensure for intensive outpatient treatment
services and has begun treating patients at the facility.
In early January 2015, the Company also increased capacity at
Forterus (Temecula, California) with the addition of 31 beds,
including 24 detox beds.
In late November 2014, AAC received full licensure to conduct
high complexity lab tests for AAC facilities in Florida, the first
of which were processed beginning on December 1.
Michael Cartwright, Chairman and Chief Executive Officer of AAC
Holdings, noted, “The expansion of our service lines through
outpatient center operations, organic growth through capacity
additions and the addition of complementary services are important
components of our growth strategy. We are pleased to demonstrate
continued execution in each area.”
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 seven substance abuse treatment facilities and one mental
health facility specializing in overeating disorders. Located
throughout the United States, these facilities are 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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