Cofounders Michael Cartwright and Jerrod Menz take their chain of addiction-treatment centers public and receive a favorable welcome from investors. The company easily meets its goal of $65 million, and stock prices continue to climb through year’s end.
Like many Nashville company’s before, AAC uses funding from the IPO as a springboard for a rapid acquisition phase, acquiring six new facilities within the first seven months en route to creating a national chain of addiction treatment centers.
