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Latest AdCare Health Systems Inc. Stories

2014-10-15 08:30:01

Approves New Business Model Designed To Unlock Shareholder Value; Board Appoints Brent Morrison as Voting Board Member ATLANTA, Oct. 15, 2014 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) today announced that at a special meeting of shareholders, held on October 14, 2014, the Company's shareholders approved certain leasing transactions, effectively authorizing AdCare to pursue the previously announced strategic plan to transition the Company to a...

2014-10-13 16:24:57

- Industry Veteran to Lead Company's Transition to Property Owner and Leasing Company - ATLANTA, Oct. 13, 2014 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) today announced that its Board of Directors has appointed William "Bill" McBride III as Chief Executive Officer and President and as a member of the board serving as a Class I director, effective immediately. A veteran of the REIT industry, Mr. McBride steps out of retirement to assume the...

2014-10-03 08:24:30

Long-term, HUD-Backed Financing Secured for Eaglewood and Glenvue Facilities ATLANTA, Oct. 3, 2014 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK), (NYSE MKT: ADK.PRA), a leading long-term care provider, today announced that, as part of its ongoing strategic plan to transition from an owner and operator of healthcare facilities to a healthcare property holding and leasing company, it has closed credit facility agreements securing long-term financing for two properties:...

2014-09-24 12:30:21

AdCare Expects Transaction to Result in Facility Level Profits ATLANTA, Sept. 24, 2014 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK), (NYSE MKT: ADK.PRA), a leading long-term care provider, today announced that, as part of its ongoing strategic plan to transition from an owner and operator of healthcare facilities to a healthcare property holding and leasing company, it has signed an agreement to lease two of its skilled nursing and rehabilitation facilities in Alabama...

2014-09-09 16:26:29

ATLANTA, Sept. 9, 2014 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) (the "Company" or "AdCare"), a leading long-term care provider, today announced that its Board of Directors has declared a quarterly cash dividend payment on the Company's 10.875% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock"), accruing from July 1, 2014 through September 30, 2014. The dividend on the Series A Preferred Stock will be payable on September...

2014-08-11 16:27:40

Company Endeavors to Transition to a Facilities Holding Company ATLANTA, Aug. 11, 2014 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK), (NYSE MKT: ADK.PRA) a recognized provider of senior living and healthcare facility management, today reported results for the second quarter ended June 30, 2014. Business and Financial Highlights -- Board of Directors approved a strategic plan to transition the Company's business from owning and operating healthcare properties to...

2014-07-23 16:27:42

New Business Model Designed To Optimize Cash Flow and Unlock Shareholder Value ATLANTA, July 23, 2014 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), a recognized provider of senior living and healthcare facility management, today announced that the Board of Directors has approved, and management has begun to implement, a strategic plan to transition the Company to a healthcare property holding and leasing company. Through a series of leasing transactions, the...

2014-06-23 08:28:31

Transaction Will Result in Facility Level Profits ATLANTA, June 23, 2014 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK), (NYSE MKT: ADK.PRA), a leading long-term care provider, today announced that, as part of its ongoing rationalization plan, it has signed an agreement to sublease one of its skilled nursing and rehabilitation facilities in South Georgia to a local nursing home operator effective July 1, 2014. AdCare incurred losses of approximately $92,000 in connection...

2014-06-10 16:27:03

ATLANTA, June 10, 2014 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) (the "Company" or "AdCare"), a leading long-term care provider, today announced that its Board of Directors has declared a quarterly cash dividend payment on the Company's 10.875% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock"), accruing from April 1, 2014 through June 30, 2014. The dividend on the Series A Preferred Stock will be payable on June 30, 2014...

2014-06-10 08:30:38

Northwest Nursing Center Shows Census Growth, Improved Patient Mix, Demonstrating Initial Success of AdCare's Strategic Plan to Improve Facility-Level Operations ATLANTA, June 10, 2014 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK), (NYSE MKT: ADK.PRA) a leading long-term care provider, today reported that as part of the Company's strategic plan to improve facility level operations, the Northwest Nursing Center facility in Oklahoma City has achieved significant...


Word of the Day
abrosia
  • Wasting away as a result of abstinence from food.
The word 'abrosia' comes from a Greek roots meaning 'not' and 'eating'.