AAC Holdings, Inc. California Murder Charges Dismissed

Second Degree Murder Charges Against All Corporate Entities and Individual Defendants Dismissed

BRENTWOOD, Tenn.--(BUSINESS WIRE)-- AAC Holdings, Inc. (NYSE: AAC) announced that after considering the Company’s motions to dismiss the California case, the prosecution’s opposition and related oral arguments by both sides, the Honorable Elaine M. Kiefer granted the defense motion to set aside and dismiss the second degree murder count as to all defendants. The dependent adult abuse charge remains in effect as to all defendants with the exception of Tami Scarcella who was dismissed. The next hearing date is scheduled for April 1, 2016.

Michael Cartwright, Chairman and Chief Executive Officer of AAC Holdings noted, “We are pleased with Judge Kiefer’s ruling to dismiss the murder charge. We, along with the coroner, knew that the death was from natural causes. We will continue to build a national brand in the addiction space – one that puts the client first and one that has measurable outcomes.”

About American Addiction Centers

American Addiction Centers is a leading provider of inpatient 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 18 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 find us at AmericanAddictionCenters.org or follow us on Twitter @AAC_Tweet.

Forward Looking Statements

This release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are made only as of the date of this release. In some cases, you can identify forward-looking statements by terms such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “may,” “potential,” “predicts,” “projects,” “should,” “will,” “would,” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these words. Forward-looking statements may include information concerning AAC Holdings, Inc.’s (collectively with its subsidiaries, “Holdings” or the “Company”) possible or assumed future results of operations, including descriptions of Holdings’ revenues, profitability, outlook and overall business strategy. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results and performance to be materially different from the information contained in the forward-looking statements. These risks, uncertainties and other factors include, without limitation: (i) our inability to operate our facilities; (ii) our reliance on our sales and marketing program to continuously attract and enroll clients; (iii) a reduction in reimbursement rates by certain third-party payors for inpatient and outpatient services and point of care and definitive lab testing; (iv) our failure to successfully achieve growth through acquisitions and de novo expansions; (v) uncertainties regarding the timing of the closing of acquisitions; (vi) the possibility that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of acquisitions; (vii) our failure to achieve anticipated financial results from prior or pending acquisitions; (viii) a disruption in our ability to perform diagnostic drug testing services; (ix) maintaining compliance with applicable regulatory authorities, licensure and permits to operate our facilities and lab; (x) a disruption in our business related to the recent indictment of certain of our subsidiaries and current and former employees, including a former senior executive; (xi) our inability to agree on conversion and other terms for the balance of convertible debt; (xii) our inability to meet our covenants in our loan documents; (xiii) our inability to obtain senior lender consent to exceed the current $50 million limit in unsecured subordinated debt; (xiv) our inability to integrate newly acquired facilities; (xv) a disruption to our business and reputational and potential economic risks associated with the civil securities claims brought by shareholders; and (xvi) general economic conditions, as well as other risks discussed in the “Risk Factors” section of the Company’s Annual Report on Form 10-K, and other filings with the Securities and Exchange Commission. As a result of these factors, we cannot assure you that the forward-looking statements in this release will prove to be accurate. Investors should not place undue reliance upon forward looking statements.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160321006275/en/

SCR Partners
Investor Contact:
Tripp Sullivan, 615-760-1104
[email protected]
or
Media Contact:
Cynthia Johnson, 615-587-7728
[email protected]

Source: AAC Holdings, Inc.

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