BRENTWOOD, Tenn., Sept. 29, 2017 /PRNewswire/ -- AAC Holdings,
Inc. (NYSE: AAC) has received licensure for its new Townsend
Recovery Center New Orleans in New
Orleans, Louisiana. The 36-bed facility, which is leased
from New Orleans East Hospital, is scheduled to open on
October 9, 2017.
Located on the 5th floor of the hospital, Townsend
Recovery Center New Orleans will offer 36 beds, provide
detoxification and residential treatment services and will be
operated by Townsend clinical
staff.
"We are proud to work with New Orleans East Hospital to fill a
critical community need," noted Michael
Cartwright, Chairman and Chief Executive Officer of AAC
Holdings, Inc. "It is our mission to transform lives. We know that
a long-term recovery is possible and that there is hope for those
affected by this disease. The additional beds will enable us to
support Townsend Treatment Centers and Townsend Outpatient Center
as well as other treatment providers in Louisiana."
Townsend, part of the American
Addiction Centers' family of treatment centers, is a leading
provider of treatment services in south Louisiana and is known for its innovative
treatment model - The Townsend Way. This personalized treatment
approach includes addressing the genetic components of addiction
and utilizing pharmacogenetics to give physicians vital information
about which medications will be most useful for each
patient.
About New Orleans East Hospital
Built in 2014, the 80-bed New Orleans East Hospital is situated
on the site of the former Pendleton Memorial Methodist Hospital
that was devastated by Hurricane Katrina in 2005. The hospital is
operated by Louisiana Children's Medical Center.
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; "Holdings" or the "Company") possible or assumed
future results of operations, including descriptions of 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 for
inpatient and outpatient services and point of care and definitive
lab testing; (iv) an increase in our provision for doubtful
accounts based on the aging of receivables; (v) our failure
to successfully achieve growth through acquisitions and de novo
expansions; (vi) uncertainties regarding the timing of the closing
of acquisitions; (vii) the possibility that a governmental entity
may prohibit, delay or refuse to grant approval for the
consummation of an acquisition; (viii) our failure to achieve
anticipated financial results from prior acquisitions; (ix) a
disruption in our ability to perform definitive drug testing
services; (x) maintaining compliance with applicable regulatory
authorities, licensure and permits to operate our facilities and
lab; (xi) a disruption in our business and reputation and potential
economic consequences with the civil securities claims brought by
shareholders or other litigation or investigative proceedings;
(xii) our inability to meet our covenants in the loan documents;
(xiii) our inability to integrate newly acquired facilities; and
(xiv) general economic conditions, as well as other risks discussed
in the "Risk Factors" section of the Company's Annual Report on
Form 10-K, 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.
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SOURCE AAC Holdings, Inc.