BRENTWOOD, Tenn.--(BUSINESS WIRE)--AAC Holdings, Inc. (NYSE: AAC) (the “Company”), the parent holding company of American Addiction Centers, Inc., announced today the closing of its initial public offering of 5,750,000 shares of its common stock at a public offering price of $15.00 per share, which includes the exercise in full of the underwriters’ over-allotment option to purchase an additional 250,000 shares from the Company and 500,000 shares from certain selling stockholders. The Company estimates net proceeds from the offering to be approximately $69.1 million after deducting underwriting discounts and commissions and estimated offering expenses.
William Blair & Company, L.L.C. and Raymond James & Associates, Inc. served as joint book-running managers for the offering, and Avondale Partners, LLC served as co-manager.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on October 1, 2014. This offering was made only by means of a final prospectus forming part of the effective registration statement, copies of which may be obtained from William Blair & Company, L.L.C., Attention: Prospectus Department, 222 West Adams Street, Chicago, IL 60606, Telephone: (800) 621-0687 or by email at prospectus@williamblair.com and Raymond James & Associates, Inc., Attention: Equity Syndicate, 880 Carillon Parkway, St. Petersburg, FL 33716, Telephone: (800) 248-8863 or by email at prospectus@raymondjames.com. The final prospectus also may be obtained on the Securities and Exchange Commission’s website at http://www.sec.gov.
This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, or any solicitation of an offer to buy, these securities, in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About American Addiction Centers
American Addiction Centers is a leading provider of inpatient substance abuse treatment services. We treat adults as well as adolescents who are struggling with drug addiction, alcohol addiction, and co-occurring mental/behavioral health issues. We operate six substance abuse treatment facilities located throughout the United States, focused on delivering effective clinical care and treatment solutions.
