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Brentwood health care company to lay off 200 people

Joel Stinnett
Brentwood health care company to lay off 200 people

Brentwood-based AAC Holdings Inc., the holding company for American Addiction Centers, is laying off 200 people across the organization, the company announced Friday. The move is part of a $15 million cost-reduction program to be implemented following a board of directors and management performance review, according to the release. It was not immediately clear how many jobs inside the Brentwood headquarters would be impacted by the layoffs.  AAC (NYSE: AAC) — Nashville’s 11th-largest publicly traded health care company, with $317.6 million of revenue in 2017, according to Nashville Business Journal research — has seen its stock price drop from almost $13 per share in March to less than $2 per share last month.