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Category Archives: AdCare Health Systems Inc. ADK

AdCare Health Systems (ADK) to Present at SEVEN, Noble Financial Capital Markets’ Equity Conference on May 16, 2011

AdCare Health Systems, Inc., a leading skilled nursing and assisted living provider, has been invited to present at ‘SEVEN,’ Noble Financial Capital Markets’ Seventh Annual Equity Conference. The conference will be held at the Hard Rock Hotel in Hollywood, Florida … Continue reading

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AdCare Health Systems (ADK) Sets First Quarter 2011 Conference Call for Tuesday, May 10, 2011 at 4:30 p.m. ET

AdCare Health Systems, Inc., a nursing home and assisted living company, will hold a conference call on Tuesday, May 10, 2011 at 4:30 p.m. Eastern time to discuss results for the first quarter ended March 31, 2011. Financial results will … Continue reading

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AdCare Health Systems (ADK) Closes Acquisition of Two Skilled Nursing Centers in Georgia

AdCare Health Systems, Inc., a leading skilled nursing and assisted living provider, has closed the previously announced acquisition of two skilled nursing facilities in Dublin and Marietta, Georgia, with the remaining third facility of this group located near Atlanta expected … Continue reading

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AdCare Health Systems (ADK) Closes $2.1 Million Convertible Note Placement and Secures $1.4 Million Bridge Loan Financing

AdCare Health Systems, Inc., a leading skilled nursing and assisted living provider, held an initial closing of $2.1 million on a private placement of subordinated convertible notes due March 2014. The notes, which are unsecured and subordinated in right of … Continue reading

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AdCare Health Systems (ADK) Reports Record Fourth Quarter and Full Year 2010 Results

AdCare Health Systems, Inc., a leading skilled nursing and assisted living provider, reported unaudited financial results for the fourth quarter and fiscal year ended December 31, 2010. Financial Highlights Record annual revenues, up 99% to $53.2 million Record annual EBITDAR, … Continue reading

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AdCare Health Systems (ADK) Sets Fourth Quarter and Full Year 2010 Conference Call for Wednesday, March 23, 2011 at 4:30 p.m. ET

AdCare Health Systems, Inc. will hold a conference call on Wednesday, March 23, 2011 at 4:30 p.m. Eastern time to discuss results for the fourth quarter and full year ended December 31, 2010. Financial results will be issued in a … Continue reading

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AdCare Health Systems (ADK) Signs Agreement for Five Skilled Nursing Facilities in Arkansas and Missouri

AdCare Health Systems, Inc. has signed a definitive agreement with a private seller for the asset purchase of four skilled nursing facilities in Arkansas and the acquisition of a 10-year lease for one skilled nursing facility in Missouri for an … Continue reading

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AdCare Health Systems (ADK) Appoints Boyd P. Gentry as Co-CEO

AdCare Health Systems, Inc., a recognized innovator in senior living and health care facility management, has appointed company director, Boyd P. Gentry, as co-chief executive officer effective today. Gentry will share the new co-CEO position with Gary Wade, AdCares’s co-founder, … Continue reading

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AdCare Health Systems (ADK) to Present at the Sidoti Semiannual Micro-Cap Conference on January 10, 2011

AdCare Health Systems, Inc. has been invited to present at the Sidoti Semiannual Micro-Cap Conference to be held at the Grand Hyatt Hotel in New York on January 10, 2011. AdCare management is scheduled to present on Monday, January 10 … Continue reading

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AdCare Health Systems (ADK) Completes Acquisition of Mountain Trace Nursing Center

AdCare Health Systems, Inc., a recognized innovator in senior living and health care facility management, has completed the acquisition of Mountain Trace Nursing Center, a 106-bed nursing facility in Sylva, North Carolina for $6.1 million, with the closing effective on … Continue reading

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