AAC Holdings, Inc., through its subsidiary AAC Rhode Island Acquisition Sub, LLC, has signed a definitive agreement to acquire Clinical Services of Rhode Island, Inc. for $665,000 in cash and $1,335,000 worth of restricted shares of AAC Holdings' common stock. CSRI co-owners Reinhard Straub and Peter Letendre each have over 25 years experience in the addiction and mental health fields. Following the acquisition, Mr. Straub will continue as Clinical and Business Development Liaison for American Addiction Centers, Inc., and Mr. Letendre will serve as CEO and Clinical Director Rhode Island Operations.