Fleeing the ship? –
June 21, 2019 – Nanko’s resignation comes at a particularly perilous time for AAC (NYSE: AAC), which reported $295.8 million of revenue in 2018. The company’s first-quarter revenue dropped by almost $22 million compared to the same period last year, and AAC’s stock price has plummeted — from more than $9 per share when Nanko joined the company in January 2018, to 69 cents per share as of Friday morning. AAC operates 11 inpatient facilities, 24 standalone outpatient centers and four sober-living facilities across the U.S.