AdCare Health Systems, Inc., an Ohio-based long-term care, home care and management company, has been invited to present at the UBS 21st Annual Global Healthcare Services Conference to be held at the Grand Hyatt New York in New York City on February 7-8, 2011.
AdCare’s Co-Chief Executive Officer Boyd P. Gentry, and Vice Chairman and Chief Acquisition Officer Chris Brogdon are scheduled to present on Monday, February 7 at 9:00 a.m. Eastern time, with one-on-one meetings held throughout the day. AdCare management will discuss the emerging opportunities in the highly fragmented health care segments of senior assisted living, elderly nursing care and home health care services.
The company will also talk about its M&A program designed to build upon its strong reputation for operational efficiency and high-quality living environments. With the recent acquisition of the Mountain Trace Nursing Center, plus three additional skilled nursing centers AdCare expects to close in the first quarter of 2011, AdCare’s estimated annualized revenue run-rate exceeds $140 million, representing an increase of more than 424% over annual revenues of $26.7 million in 2009.
The presentation will be broadcast simultaneously and available for replay via the Investor Relations section of the company’s website at www.adcarehealth.com.
For more information about the conference or to schedule a one-on-one meeting with AdCare management, please contact Deana Sarno at [email protected] or visit the conference website here.
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