AAC Acquires Online Publishers Of Drug Treatment Content For $60 Mln

(RTTNews) - AAC Holdings Inc (AAC) on Thursday said it has acquired Referral Solutions Group LLC and Taj Media LLC for $35 million in cash and $25 million in stock through its operating subsidiary, American Addiction Centers Inc, and its indirect subsidiary, Sober Media Group LLC.

Founded in 2009, Referral Solutions Group is an online publisher in the substance abuse treatment industry with a comprehensive portfolio of websites and marketing assets. Taj Media, founded in 2007, represents a premier digital marketing agency with addiction treatment industry expertise.

Referral Solutions Group and Taj Media generated combined revenue of approximately $13 million and adjusted EBITDA of approximately $5.2 million for the year ended December 2014. The senior management team of Referral Solutions and Taj Media and over 60 employees will join the AAC team.