Leading long-term care provider AdCare Health Systems announced it has signed a definitive purchase agreement to acquire a skilled nursing facility in South Carolina for $4.2 million. The facility, which generates an estimated $3.8 million in gross annualized revenues according … Continue reading →

Today, AdCare Health Systems announced the completion of its previously announced firm commitment underwritten offering of 1,100,000 shares of AdCare’s common stock at a price per share to the public of $3.75. The net proceeds from the offering, after underwriting … Continue reading →

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 … Continue reading →

When Ladenburg Thalmann, one of the country’s oldest and most respected investment banks, recently initiated coverage of AdCare Health Systems, giving the company a “buy” rating which it continues to maintain, it based its decision on the clear prospects AdCare … Continue reading →

AdCare Health Systems, a leading long-term care provider, just announced that it has inked definitive purchase agreements for two skilled nursing facilities in Oklahoma for a total consideration of $11.6 million. Adding 239 beds in service and an estimated $10.3 … Continue reading →

In addition to the exceptional financial numbers AdCare management was able to provide in the company’s recent release of 2011 Q4 and full-year results, they also discussed their continued M&A based strategy and plans for the future. The numbers, however, … Continue reading →

AdCare Health Systems, a leading long-term care provider successfully executing an aggressive M&A program, reported its financial results for the fourth quarter and full year ended December 31, 2011. Highlights include a 176% year-over-year gain in Q4 adjusted EBITDAR from … Continue reading →

Few investment opportunities are sweeter than a turnaround, where the value of a company is increased, sometimes dramatically, through the measured application of superior operational procedures, technologies, or marketing approaches. Usually this involves a single company bringing in new management … Continue reading →

AdCare Health Systems, a leading long-term care provider, today announced that it will be holding a conference call later this week on Friday, March 9, 2012, at 8:30 a.m. EST to discuss results for the fourth quarter and full year … Continue reading →