CARES Act, Small Business Reorganization Act Give Treatment Centers Options

By: Jeffrey Lynne July 1, 2020 11:56 pm

Time to read: 5 Minutes

CARES Act, Small Business Reorganization Act Give Treatment Centers Options

The widespread economic impact of COVID-19 has touched all industries, including addiction treatment and behavioral health providers. Cash flow interruptions have caused some providers to consider their options, including bankruptcy and restructuring. Recently American Addiction Centers (AAC), a publicly traded provider, filed for Chapter 11 bankruptcy protection. AAC acknowledged that, prior to COVID, the company was attempting to address its debt levels. However, the stay-at-home orders which many governments entered reduced inpatient admissions and outpatient visits, which prevented AAC from making debt payment.

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Jeffrey Lynne

Jeffrey Lynne is a partner at Beighley, Myrick, Udell, Lynne + Zeichman, P.A. in both the firm’s Land Use & Zoning and Governmental Affairs & Regulated Industries practice groups. He also chairs the Firm’s Behavioral Healthcare Practice Group and represents clients with local, state and federal zoning, permitting, licensing, and regulatory matters. Mr. Lynne received his undergraduate education at the University of Florida and attended law school at the University of Miami (1997).

CARES Act, Small Business Reorganization Act Give Treatment Centers Options

Jeffrey Lynne

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