AAC Completes Acquisition of AdCare, Inc.

Attorneys at Bass, Berry & Sims represented AAC Holdings, Inc. (NYSE: AAC), parent company of American Addiction Centers, in its acquisition of AdCare, Inc., a leading New England-based addiction treatment provider, for $85 million. Through this acquisition, AAC will diversify into government pay, leverage an existing outpatient and business development regional presence and continue the expansion of its hospital strategy. The team coordinated and completed the healthcare regulatory, corporate, real estate, commercial financing and other related aspects of the transaction as well as negotiated all related deal documents and coordinated required filings.

AAC Holdings, Inc. (NYSE: AAC) is a leading provider of inpatient substance abuse treatment services for individuals with drug and alcohol addiction. AAC operates substance abuse treatment facilities across the U.S. that focus on delivering effective clinical care and treatment solutions.

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