Addiction Recovery

American Addiction Centers files for Chapter 11

Drug abuse money in the millions –

JUNE 22, 2020 – “No layoffs or facility closures are expected as a result of the recapitalization plan,” the company said. Treatment operations will remain unaffected and the centers will continue to provide patient care, the company said. All employees will continue to receive normal wages and benefits.

AAC operates rehab facilities in California, Florida, Texas, Nevada, Mississippi, New Jersey, and Rhode Island, according to its website.

more@Bloomberg

Leonard Buschel

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