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October 2019
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Document and Entity Information - USD ($) | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2018 | Mar. 22, 2019 | Jun. 29, 2018 | |
Document And Entity Information [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2018 | ||
Document Fiscal Year Focus | 2018 | ||
Document Fiscal Period Focus | FY | ||
Trading Symbol | AAC | ||
Entity Registrant Name | AAC Holdings, Inc. | ||
Entity Central Index Key | 0001606180 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Current Reporting Status | No | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | true | ||
Entity Ex Transition Period | true | ||
Entity Shell Company | false | ||
Entity Common Stock, Shares Outstanding | 24,680,710 | ||
Entity Public Float | $ 69,400,000 |
Please wait while we load the requested 10-K report or click the link below:
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Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Aac Holdings, Inc..
Aac Holdings, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:
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The increase in average revenue per outpatient visit is the result of a favorable shift in the mix of out-of-network outpatient compared to in-network outpatient visits and improved billing and collections activity as a result of revenue cycle improvements in both processes and technology.
The decrease in acquisition-related expense for the year ended December 31, 2018 was primarily related to lower professional fees and travel costs associated with our more limited acquisition activity during the year ended December 31, 2018, as compared to the year ended December 31, 2017, specifically as it pertains to the AdCare Acquisition.
The decrease in acquisition-related expense for the year ended December 31, 2017 was primarily related to lower professional fees and travel costs associated with our more limited acquisition activity during the year ended December 31, 2017, as compared to the year ended December 31, 2016, specifically as it pertains to the 2016 acquisitions.
We refer to client related diagnostic services as a percentage of total client related revenue as client related diagnostic services revenue, less any applicable provision for doubtful accounts, for a period divided by total client related revenue, less any applicable provision for doubtful accounts, for the same period.
The remaining increase in the ADR primarily relates to improved billing and collections activity as a result of revenue cycle improvements in both processes and technology.
On March 29, 2019, the...Read more
An increase in rentals and...Read more
The increase in other operating...Read more
Our future liquidity could be...Read more
Of the $240 increase in...Read more
The proceeds of the 2017...Read more
Absent AdCare, on a comparable...Read more
The decrease in advertising and...Read more
In some cases, you can...Read more
As of December 31, 2018,...Read more
In the fourth quarter of...Read more
These prepaid out-of-pocket payments are...Read more
Cash flows used in operations...Read more
The following tables summarize the...Read more
Acquisition-related expense decreased $0.6 million,...Read more
Acquisition-related expense decreased $1.5 million,...Read more
The decrease in income tax...Read more
We determined this change in...Read more
Excess cash flow of the...Read more
Cash used in investing activities...Read more
Cash provided by financing activities...Read more
The increase was primarily the...Read more
Our practice is to recognize...Read more
Other operating expenses, on an...Read more
Other operating expenses increased $6.7...Read more
Advertising and marketing expenses, on...Read more
Prior to the adoption of...Read more
Our clinical salaries, wages and...Read more
Revenue is recognized when services...Read more
Depreciation and amortization expense increased...Read more
Depreciation and amortization expense increased...Read more
Pursuant to the management services...Read more
The adjustments do not relate...Read more
We consider the following to...Read more
Outpatient Facility and Sober Living...Read more
Cash provided by financing activities...Read more
Our revenues are directly impacted...Read more
In 2017, the Financial Accounting...Read more
The contingent consideration that can...Read more
The increase in salaries, wages...Read more
Cash flows provided by operations...Read more
Non-client related revenue, on an...Read more
Absent AdCare, on a comparable...Read more
Also included in the aging...Read more
For the year ended December...Read more
Inpatient Treatment Facility Services Revenue...Read more
The increase in depreciation and...Read more
Our revenue is directly impacted...Read more
Interest expense increased $15.4 million,...Read more
Interest expense increased $8.6 million,...Read more
On a comparable basis, the...Read more
Average revenue per outpatient visit...Read more
Our revenue and cash flow...Read more
The increase in interest expense...Read more
Our advertising and marketing efforts...Read more
Our methodology related to our...Read more
On a comparable basis, there...Read more
Our primary sources of liquidity...Read more
In late 2018 and into...Read more
Our primary collection risks are...Read more
The increase in interest expense...Read more
Our average daily inpatient revenue...Read more
Client related diagnostic services revenue,...Read more
We anticipate that our current...Read more
For the year ended December...Read more
Inpatient treatment facility services revenue,...Read more
Professional fees consist of various...Read more
Management currently anticipates utilizing the...Read more
If our actual collections either...Read more
Depreciation and amortization represent the...Read more
By applying a tailored treatment...Read more
The adjustments resulted in an...Read more
We have no intangible assets...Read more
Our ability to collect outstanding...Read more
Client related diagnostic service revenue,...Read more
Cash provided by financing activities...Read more
Approximately $2.2 million and $14.6...Read more
Client related services expenses increased...Read more
We also experienced a favorable...Read more
In preparing our consolidated financial...Read more
Included in the aging of...Read more
Client related services expenses, on...Read more
During the three months ended...Read more
Net proceeds from funding of...Read more
Net proceeds from funding of...Read more
Outstanding debt at December 31,...Read more
Outstanding debt at December 31,...Read more
This change in estimate resulted...Read more
Client service revenue is recorded...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Aac Holdings, Inc. provided additional information to their SEC Filing as exhibits
CIK: 1606180
Form Type: 10-K Annual Report
Accession Number: 0001564590-19-011552
Submitted to the SEC: Mon Apr 15 2019 2:10:59 AM EST
Accepted by the SEC: Mon Apr 15 2019
Period: Monday, December 31, 2018
Industry: Specialty Outpatient Facilities