AdCare Health Systems, an aggressively expanding owner and operator of living and care facilities in 7 states, believes that a significant part of its success is due to the fact that it treats every newly acquired property as a unique entity, requiring a unique approach to improve its operational income and ultimate value.
The company now controls approximately 44 properties in Alabama, Arkansas, Georgia, Missouri, North Carolina, Ohio, and Oklahoma, with over 4,000 employees. The facilities are either owned or leased by AdCare, or, in some cases, they are managed for third parties such as corporations or independent owners. As a result, AdCare has garnered extensive experience in all aspects of senior living facility ownership and management, including operation, design, and development consultation, as well as in the provision of interim administrator and/or director of nursing, for all sizes and types of properties.
• Independent Living – AdCare’s independent campuses provide people the freedom in their retirement years to achieve personal goals.
• Assisted Living – Through their Hearth & Home design program, AdCare has created spaces where the individual spirit is nourished.
• Skilled Nursing – AdCare prides itself in the superior care and services provided by their nursing homes.
• Dementia Care – AdCare provides special programs for residents with dementia, offering the highest possible quality of life and care.
AdCare’s fast-paced acquisition run has targeted under-performing low-margin properties, which are then turned around, partly through transitioning them over to higher-margin acute care facilities. The management team, which controls over 25% of the company’s common stock, has worked hard to grow AdCare’s administrative infrastructure, so that they are always able to handle the growth.
It’s a formula that continues to work for AdCare, generating a string of record revenues and income. 2011 was the company’s best year ever, with revenue up 198% from 2010 and annual income from operations jumping to $2.7 million. So far, 2012 is on track to be even better.
For additional information, visit the company’s website at www.AdCareHealth.com
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