About Deerfield

Launched in 1994, Deerfield Management Company is an investment firm dedicated to advancing healthcare through information, investment, and philanthropy—all toward the end goal of cures for disease, improved quality of life, and reduced cost of care.

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Supporting companies across the healthcare ecosystem with flexible funding models…

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Delivering market research to the Deerfield team, its portfolio companies and other partners.

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A New York City-based not-for-profit devoted to advancing innovative health care initiatives.

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Portfolio Companies

Deerfield generally maintains a combined portfolio of more than 150 private and public investments across the life science, medical device, diagnostic, digital health and health service industries at all stages of evolution from start-up to mature company.

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Research Collaborations

Deerfield partners with leading academic research centers, providing critical funding and expertise to further sustain and accelerate the commercialization of discoveries toward meaningful societal impact by advancing cures for disease.

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Strategic Partners

As a strategic partner, Deerfield offers capital, scientific expertise, business operating support, and unique access to innovation.

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Deerfield Foundation

The Deerfield Foundation is a New York City-based not-for-profit organization whose mission is to improve health, accelerate innovation and promote human equity.

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Cure Campus

Cure is a 12-story innovations campus in New York City that intends to bring together innovators from academia, government, industry, and the not-for-profit sectors to advance human health and accelerate the fight against disease.

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Cure Programming

Cure has a series of expert lectures intended to advance thought in healthcare, management, innovation, policy, and other relevant subjects. This fosters growth and education for those at Cure and its guests.

Events at the Cure

Deerfield Makes $50 Million Commitment to AAC Holdings to Expand Clinical Care and Treatment with Additional $50 Million Incremental Facility

New York, New York – October 5, 2015 – Deerfield announced today that it has made a commitment of up to $50 million to AAC Holdings, expand its efforts to deliver research-based clinical care and treatment for individuals with drug and alcohol addictions. In addition, Deerfield has agreed to provide up to an additional $50 million under certain circumstances. 

The $50 million of capital commitment consists of $25 million of subordinated convertible debt and up to $25 million of subordinated debt. AAC drew down $25 million of subordinated convertible debt at closing. The $25 million of unsecured subordinated debt can be drawn for acquisition financing through September 30, 2016 in minimum $5 million increments and can be repaid under certain conditions without penalty prior to October 2, 2017. In addition to the $25 million of subordinated convertible debt drawn at closing, there is an incremental subordinated debt facility that may be drawn, subject to certain conditions, up to an additional $50 million. 

These facilities will enable AAC to further expand its presence as a leading provider of inpatient substance abuse treatment services for individuals with drug and alcohol addictions. AAC was created to facilitate research-based treatment programs with structured curricula for detoxification, residential treatment, partial hospitalization and intensive outpatient care.

“We are excited to have Deerfield work with us as our partner in expanding the business. Deerfield has proven to be creative in its approach to providing us with the capital needed to enhance our platform and add additional services to address a substance abuse epidemic that is consuming our country,” said Michael Cartwright, Chairman and Chief Executive Officer of AAC.

About AAC

American Addiction Centers is a leading provider of inpatient substance abuse treatment services. We treat adults as well as adolescents who are struggling with drug addiction, alcohol addiction, and co-occurring mental/behavioral health issues.We operate 18 substance abuse treatment facilities and one mental health facility specializing in binge eating disorders. Located throughout the United States, these facilities are focused on delivering effective clinical care and treatment solutions. For more information, please find us at or follow us on Twitter at @AAC_Tweet

About Deerfield

Deerfield is an investment management firm committed to advancing healthcare through investment, information and philanthropy.

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Deerfield Management Company
Karen Heidelberger, 212-692-7140
[email protected]