AdCare Health Systems, Inc., a leading skilled nursing and assisted living provider, has extended the last day of the previously announced call exercise period with respect to AdCare’s call to redeem 100% of its outstanding warrants to purchase shares of common stock sold in its initial public offering in November 2006 and those sold in a private placement in December 2009.

AdCare extended the last day of the call exercise period from September 19, 2011 to September 26, 2011. A notice of this extension will be mailed today to all related warrant holders of record.

As a result of this extension, registered holders of the warrants will have until September 26, 2011 to exercise each warrant for 1.05 shares of common stock at a price of $2.38 per share. Any warrants not exercised by the registered holders within the call exercise period will automatically expire at 5:00 p.m. Eastern time on September 26, 2011, and AdCare will remit to the registered holders of such expired warrants the sum of ten cents ($.10) per underlying share of common stock, upon surrender of the warrant certificate representing such expired warrants. At 5:00 p.m. Eastern time on September 26, 2011 and thereafter, registered holders of expired warrants will have no rights or privileges with respect to such warrants, other than to receive the call amount.

AdCare’s publicly traded warrants currently trade on the NYSE Amex stock exchange under the trading symbol “ADK.WS.” As a result of the warrant call and the extension of the call exercise period, these warrants will cease to be traded on the NYSE Amex effective September 26, 2011.

This release is neither an offer to sell nor a solicitation of an offer to buy any securities of AdCare.

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