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AAC’s finances are still rebounding one year after Google’s search algorithm hurt visibility

By MATT BLOIS One year after Google’s search algorithm made it harder to find information about American Addiction Centers online, the company’s finances are still rebounding. According to a press release, the company lost about $16.3 million in the second quarter of 2019. That’s an improvement over the company’s first quarter performance, but a much

By | 2019-08-30T14:59:27-05:00 August 30th, 2019|Categories: Business, BW-News|Tags: |0 Comments

Some of AAC’s largest investors have abandoned ship over the last several months

By MATT BLOIS Over the last several months several of American Addiction Center’s largest investors have abandoned ship. The Brentwood addiction treatment company’s stock was selling for about $2 at the beginning of April. By mid August the price had fallen to about $0.60. That roughly 70 percent drop could be due to several major

By | 2019-08-26T13:45:11-05:00 August 26th, 2019|Categories: Business, BW-News|Tags: |0 Comments

Stock exchange warns AAC for the fourth time this year over late documents

By MATT BLOIS For the fourth time this year, the New York Stock exchange has warned the Brentwood-based addiction treatment company American Addiction Centers that it’s out of compliance with the exchange’s rules. The company got the warning because it’s going to file its second quarter financial results late. The company had already announced that

By | 2019-08-23T15:16:56-05:00 August 23rd, 2019|Categories: Business, BW-Healthcare, BW-News|Tags: |0 Comments

American Addiction Centers execs poring over ‘numerous’ investment offers

NASHVILLE POST This story first ran in our sister paper the Nashville Post. Leaders of AAC Holdings say they are going over the details of “numerous” proposals from investment firms brought to the table by investment bank Cantor Fitzgerald. Brentwood-based American Addiction Centers engaged Cantor about two months ago to examine refinancing or recapitalization options,

By | 2019-08-13T15:19:33-05:00 August 13th, 2019|Categories: Uncategorized|Tags: |0 Comments

American Addiction Centers gets temporary NYSE reprieve

NASHVILLE POST By GEERT De LOMBAERDE New York Stock Exchange officials have told AAC Holdings executives they have until next January to push the addiction treatment provider’s shares back above $1 and until November of next year to grow its market capitalization to more than $50 million. Brentwood-based American Addiction Centers has been under scrutiny

By | 2019-07-31T14:31:22-05:00 July 31st, 2019|Categories: Business|Tags: , |0 Comments

Addiction treatment trade group calls American Addiction Center lawsuit a “wild-eyed conspiracy”

UPDATE 7/15: This story was updated with a statement from American Addiction Centers. By MATT BLOIS An addiction treatment trade group is calling a lawsuit filed by the Brentwood addiction treatment company American Addiction Centers a “wild-eyed conspiracy.” The National Association of Addiction Treatment Providers asked a judge to dismiss the lawsuit in a court

By | 2019-07-15T11:18:19-05:00 July 12th, 2019|Categories: Business|Tags: |0 Comments

American Addiction Centers receives third warning of delisting from stock exchange

By MATT BLOIS The Brentwood addiction treatment provider American Addiction Centers has received a third warning from the New York Stock Exchange that the company is at risk of delisting. The newest warning was triggered because the company’s stock has been below $1 for at least 30 trading days. The second warning in May was

By | 2019-07-10T01:57:42-05:00 July 9th, 2019|Categories: Business, BW-Healthcare|Tags: |0 Comments

American Addiction Centers reports it’s at risk of delisting from stock exchange again

By MATT BLOIS The Brentwood based addiction treatment company American Addiction Centers reported  on Friday that it’s again at risk of being delisted from the New York Stock Exchange. Last week, the company received a notice that its market capitalization had fallen below $50 million. AAC will need to submit a plan to improve its

By | 2019-05-20T17:53:22-05:00 May 20th, 2019|Categories: Business, BW-News|Tags: |Comments Off on American Addiction Centers reports it’s at risk of delisting from stock exchange again

American Addiction Centers accuses trade organization of pressuring tech companies to exclude them from online advertising

By MATT BLOIS The Brentwood based addiction treatment company American Addiction Centers has accused a trade organization of defaming the business and pressuring tech companies to exclude them from online advertising. In a complaint filed in federal court on Tuesday by AAC, the company criticized the National Association of Addiction Treatment Providers for disparaging the

By | 2019-05-07T19:16:38-05:00 May 7th, 2019|Categories: Business, BW-Healthcare|Tags: |Comments Off on American Addiction Centers accuses trade organization of pressuring tech companies to exclude them from online advertising

American Addiction Centers doubles down on digital marketing after website traffic fell last year

By MATT BLOIS The Brentwood based company American Addiction Centers is doubling down on its digital marketing efforts after website traffic fell substantially last year. Last fall, the Brentwood based addiction treatment company American Addiction Centers reported that a change to Google’s search algorithm dramatically lowered the number of new patients. About a month after

By | 2019-04-12T23:20:15-05:00 April 15th, 2019|Categories: Business, BW-News|Tags: |Comments Off on American Addiction Centers doubles down on digital marketing after website traffic fell last year