Multi-state treatment provider American Addiction Centers Holdings (AAC) has named Dr. Tom Britton as its new CEO. Britton comes to AAC from the Chicago-based Gateway Foundation. Britton had been president and CEO of Gateway – one of the largest non-profit addiction treatment providers in the nation – since 2015. “I am both humbled and excited […]
American Addiction Centers
Talkiatry adds senior vice president of operations Virtual behavioral health provider Talkiatry has named Vanessa Cao as its senior vice president of operations. Cao joins Talkiatry from New York-based wellness startup HealthQuarters, where she was the company’s head of operations. She has also previously held managerial roles with New York-based health system NYU Langone Health […]
Earlier this summer, Johnson & Johnson and the country’s three major drug distributors reached a $26 billion settlement in a deal with the attorneys general of several states for their role in the opioid epidemic, which has killed hundreds of thousands Americans and left many more on the wrong side of debilitating addictions and other […]
Talkiatry welcomes new chief technology officer The technology-driven behavioral health company Talkaitry has named Jared Camins as its chief technology officer. Camins arrives at Talkiatry from the hearing loss treatment company Lively, where he was its lead software engineer. He has also previously held tech positions with the health care companies Cityblock Health, Zocdoc and […]
American Addiction Centers (AAC) has started a new chapter in the company’s history. After years of financial struggles and a Chapter 11 bankruptcy filing, the substance use disorder (SUD) treatment provider recently completed a financial reorganization. The restructuring has helped AAC reduce its debt load by about $500 million and position the company for its […]
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 […]
The COVID-19 emergency has only exacerbated the nation’s substance use disorder (SUD) crisis, which was already a national emergency in and of itself. Amid the coronavirus, overdose deaths have spiked, with the nation seeing about a 10% increase in fatalities in the first three months of the year, according to the Centers for Disease Control […]
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 […]
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 […]
While it’s relatively easy to deliver mental health counseling remotely using telehealth, addiction treatment providers face more unique challenges in light of COVID-19. For those in substance use disorder (SUD) recovery, in-person touch points are especially important. Social contact helps reduce a person’s risk of relapse, and many people with SUD rely on the assistance […]
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