AAC Holdings Announces Comprehensive Plan to Drive Operational Efficiency and Long-Term Value Creation; $15 Million Cost Reduction Program Implemented
Ares Acquisition Corporation Class A Ordinary Shares (AAC)
Last ares acquisition corporation class a ordinary shares earnings: 8/30 06:00 am
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US:NASDAQ Investor Relations:
ir.americanaddictioncenters.org
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Source: PR Newswire
NASHVILLE, Tenn., Dec. 7, 2018 /PRNewswire/ -- AAC Holdings, Inc. (the "Company" or "AAC") announced that AAC's management team and Board of Directors have conducted a review of the Company and its performance and remain optimistic about the underlying market conditions, AAC's position as the largest independent provider of drug and alcohol addiction treatment services in the U.S., and the opportunity to create sustainable value for AAC's shareholders.AAC participates in an addressable market that management believes is in excess of $30 billion with attractive underlying industry trends, contributing to market growth in excess of 4% per annum. First and foremost, AAC is committed to providing the best care possible for its patients and has taken a leadership role in the industry with its landmark patient outcomes studies. With three years of research from over 4,000 patients, AAC was able to demonstrate meaningfully differentiated clinical outcomes compared to national benchmarks. Not
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