BRENTWOOD, Tenn., Dec. 13, 2016 /PRNewswire/ -- AAC Holdings, Inc. (NYSE: AAC), through one of its subsidiaries, has leased one floor from New Orleans East Hospital to operate 36 in-network beds that will provide detoxification and residential treatment services. The beds are expected to be operational in the first half of 2017, subject to receiving licensure, and will be operated by American Addiction Centers' Townsend clinical staff. Terms of the five-year lease were not disclosed.
Built in 2014, the 80-bed New Orleans East Hospital is situated on the site of the former Pendleton Memorial Methodist Hospital that was devastated by Hurricane Katrina in 2005. The hospital is operated by Louisiana Children's Medical Center.
"New Orleans East Hospital has filled a critical role in the eastern New Orleans community since its opening, and we're proud to work with them to meet the addiction treatment needs in the greater New Orleans area," said Michael Cartwright, Chairman and Chief Executive Officer of AAC Holdings. "This agreement is a new structure for us, and one that we believe can be replicated in other communities across the country. This additional inpatient detoxification and residential capacity enables us to support Townsend's inpatient and outpatient centers as well as other treatment providers in Louisiana."
About American Addiction Centers
American Addiction Centers is a leading provider of inpatient and outpatient substance abuse treatment services. We treat clients who are struggling with drug addiction, alcohol addiction, and co-occurring mental/behavioral health issues. We currently operate substance abuse treatment facilities located throughout the United States. These facilities are focused on delivering effective clinical care and treatment solutions. For more information, please find us at AmericanAddictionCenters.org or follow us on Twitter @AAC_Tweet.
Forward Looking Statements
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SOURCE AAC Holdings, Inc.