addiction recovery ebulletin aac lawsuit
May 6, 2019 – The lawsuit, filed in the U.S. District Court for the Middle District of Tennessee, accuses the NAATP of leading a coordinated campaign designed to defame AAC in order to benefit the trade organization’s nonprofit members. AAC (NYSE: AAC), which reported $295.8 million of revenue for 2018, has struggled financially in the past 14 months. Shares of AAC, valued at nearly $13 per share in March 2018, were priced at $1.81 per share as of Monday afternoon. AAC operates 11 inpatient facilities, 24 standalone outpatient centers and four sober-living facilities across the U.S.
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