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AdCare Health Systems (ADK) Declares 5% Stock Dividend

AdCare Health Systems, Inc., a leading provider of skilled nursing and assisted living for seniors, has declared a 5% stock dividend, payable October 14, 2011 to shareholders of record at the close of business on September 30, 2011.

The company’s transfer agent, Continental Stock Transfer Trust Company, will issue the dividend shares in book-entry form through the Direct Registration System, and all fractional shares otherwise issuable as a result of the stock dividend will be rounded up to a whole share. If a shareholder would prefer to receive a certificate for their dividend shares instead of holding the shares in book-entry form, they may request a certificate from Continental at any time.

The book-entry posting by Continental allows shareholders to own and transfer only their dividend shares without stock certificates. However, shareholders are advised to not destroy any certificates representing shares of AdCare common stock that they currently hold, as these remain valid for the number of shares shown.

If shareholders have any questions about this process, please feel free to contact the Stock Transfer Department of Continental at 1-212-845-3238, or call AdCare’s investor relations agency, Liolios Group, at 1-949-574-3860.

Over the course of the last two years, AdCare has endeavored to build upon its reputation for operational efficiency and high-quality living environments by pursuing an aggressive acquisition strategy. Combining AdCare’s current annualized run-rate with acquisition transactions currently expected to close, the company’s estimated annualized revenue run-rate is expected to exceed $285 million. This would represent an increase of more than 436% over the company’s revenues in 2010, and an increase of more than 969% over revenues in 2009 when it initiated its current MA campaign. AdCare is currently evaluating a number of attractive acquisition opportunities in the Midwest and Southern region.

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