American Addiction Centers, part of AAC Holdings, Inc. (NYSE: AAC), is expanding its Greenhouse operations in Arlington, Texas. The company actually bought a 100-room Econo Lodge and Suites Six Flags, located less than three miles from its 130-bed Greenhouse residential facility and its new outpatient center. The price was $5.35 million. AAC expects the 100-room sober living property to generate approximately $5 million in incremental revenue and approximately $2 million in incremental adjusted EBITDA for its Greenhouse outpatient center in 2017.
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