AAC Holdings Gains Support From Lenders, Proceeds With Recapitalization Plan to Support Patient Care & Long-Term Growth - Seite 2

In advance of the recapitalization, AAC had taken a number of proactive steps to strengthen its operational efficiency, enhance its marketing efforts in key markets and position the company for growth. With normal operating revenue combined and an initial $62.5 million in incremental financing, operations will continue at all AAC addiction treatment centers across the United States. AAC remains deeply committed to meeting the needs of its clients, employees and suppliers and will remain focused on providing the highest quality clinical care to those struggling with addiction and co-occurring mental health disorders.

“Our number one focus is continuing to provide critical addiction treatment services, which has taken on even greater importance during the COVID-19 crisis,” McWilliams continued. “The heightened stress, anxiety, fears and social isolation in this unprecedented time has prompted more patients and their families to seek treatment, pushing demand for our services higher. Even in these challenging times, AAC has proven to be an industry leader in its pandemic response with in-house testing capabilities for both patients and staff, along with stringent safety protocols. This tenacity has given us a critical advantage in being able to continue treating patients when they need us most while minimizing the spread of the virus.”

AAC remains committed to its life-saving mission of providing adults struggling with addiction and co-occurring mental health disorders with quality, compassionate, and innovative care that instills hope for long-term recovery.

Additional information regarding this announcement is available by visiting
www.aac-forward.com.

Carl Marks Advisors has been engaged to assist the Company as a restructuring advisor, with Cantor Fitzgerald serving as investment advisors and Greenberg Traurig, LLP as legal advisor.

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 visit AmericanAddictionCenters.org.