AAC Completes Financial Restructuring

Six months after filing Chapter 11 bankruptcy, American Addiction Centers (AAC) has completed its financial restructuring process, the company announced Monday. During that time, AAC reduced its debt by about $500 million, setting the provider up for its “next phase of growth.” The ultimate goal is to continue serving people suffering from substance use disorder […]

Bankruptcy Court Approves AAC’s Restructuring Plan

A federal bankruptcy court in Delaware has approved AAC Holdings’ reorganization plan. A judge gave it the OK Tuesday.  Under the plan, the parent company of American Addiction Center will “emerge with the support of a term loan exit financing agreement that will equal AAC’s $62.5 million debtor-in-possession loan and $51 million of prepetition senior […]

AAC Pivots Marketing Strategy, Gets Personal Amid Pandemic

The past year has been one of realignment for AAC Holdings (OTC: AACH), the parent company of American Addiction Centers. Last October, it was delisted from the New York Stock Exchange (NYSE) following financial struggles and exits from several top company leaders. Then this June, AAC filed Chapter 11 bankruptcy as a way to recapitalize […]

New York Stock Exchange to Delist American Addiction Centers Parent Company

The New York Stock Exchange has started the process to delist AAC Holdings, Inc. (NYSE: AAC), the parent company of American Addiction Centers. The news comes after the NYSE suspended trading on the stock just a few days earlier. Both moves are a consequence of AAC falling below the NYSE’s continued listing standard. It requires […]