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AAC Holdings Continues Capacity Growth with Licensing Approval for New 162-Bed Facility in Riverview, Florida

BRENTWOOD, Tenn.--(BUSINESS WIRE)--AAC Holdings, Inc. (NYSE: AAC) announced that the State of Florida’s Department of Children and Families has issued a license for River Oaks Treatment Center, LLC, a subsidiary of AAC, to operate a new 162-bed de novo facility located in Riverview, Florida. The license for River Oaks provides for 64 detox beds, 98 residential beds, day and night treatment and intensive outpatient treatment. With this facility opening, AAC’s total bed capacity has now increased to 935 beds compared with 487 beds at the time of its IPO.

“River Oaks is our largest de novo project for 2015 with a total investment of more than $18 million, and its opening comes at an opportune time as we continue to expand our presence in Florida”

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Located on a 26-acre campus in suburban Tampa, River Oaks is a premier addiction treatment facility that provides all levels of care (Detox, RTC, PHP and IOP) to adult men and women struggling with substance abuse and co-occurring mental health disorders. Each client follows an individualized treatment plan and receives encouragement and programming from AAC’s multidisciplinary treatment team. Clients will also be able to experience amenities such as an indoor fitness center, outdoor tennis and basketball courts, equine therapy, and chef prepared meals.

“River Oaks is our largest de novo project for 2015 with a total investment of more than $18 million, and its opening comes at an opportune time as we continue to expand our presence in Florida,” noted Michael Cartwright, Chairman and Chief Executive Officer of AAC Holdings. “Based on the number of calls we are receiving from the region, and with more than 90 members of our staff already in place, we anticipate ramping up admissions in short...


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