AAC Holdings (AAC) Misses Q1 EPS by 77c, Revenues Miss
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AAC Holdings, Inc. Reports First Quarter 2019 Results
May 9, 2019 6:07 AM EDTBRENTWOOD, Tenn., May 9, 2019 /PRNewswire/ -- AAC Holdings, Inc. (NYSE: AAC) ("the Company" or "AAC") announced financial results for the first quarter and year ended March 31, 2019.
First Quarter 2019 Operational and Financial Highlights:(All comparisons are to the comparable prior-year period, unless otherwise noted)
Total inpatient census improved by 26% at March 31, 2019 compared to December 31, 2018 New admissions increased 24% to 4,641 Outpatient visits increased 31% to 39,717 Total revenue was $55.4 million Implemented over $30 million in expected annualized expense reductions that are benefiting 2019 operating margins,... More