[January 12, 2015] |
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AAC Holdings, Inc. Plans for Growth with Lease Signing for New Headquarters
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
buse 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.
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