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Latest AdCare Health Systems Inc. Stories

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...

2014-05-30 08:25:35

ATLANTA, May 30, 2014 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), a leading long-term care provider, today announced that Boyd P. Gentry has stepped down as AdCare's Chief Executive Officer and President and as a member of AdCare's Board of Directors, effective June 1, 2014. Mr. Gentry will serve as a consultant to AdCare through August 31, 2014. David A. Tenwick, Chairman of the Board of Directors, will serve as AdCare's Interim Chief Executive...

2014-05-07 20:26:17

Operating Income Increases from Year-Ago Period and Sequentially; Adjusted EBITDAR from Continuing Operations Increases 36% to $5.4 Million ATLANTA, May 7, 2014 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK), (NYSE MKT: ADK.PRA) a leading long-term care provider, reported results for the first quarter ended March 31, 2014. Financial Highlights -- Revenues were $54.9 million, up 0.5% compared to $54.7 million in the year-ago period. -- Adjusted EBITDAR from...

2014-05-02 12:27:13

Leading Long-Term Care Provider to Present on May 21, 2014 ATLANTA, May 2, 2014 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), announced today that Boyd Gentry, CEO, will present at the 15(th) Annual B. Riley & Company Investor Conference which is being held May 19 - 21, 2014 at Loews Santa Monica Beach Hotel, 1700 Ocean Avenue, Santa Monica, CA. Mr. Gentry will present on Wednesday, May 21, 2014 at 2 p.m. (PT). AdCare management will be...

2014-05-01 08:36:44

ATLANTA, May 1, 2014 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) (the "Company") announced that at 10 a.m. ET Thursday, May 8, 2014, management will hold a conference call to discuss first quarter 2014 financial results. Financial results will be available after the close of the markets on Wednesday, May 7, 2014. Conference call information: -- Date and time: Thursday, May 8, 2014 at 10 a.m. ET -- Dial-in number: 1-877-941-8601 (domestic) or...

2014-03-27 16:25:05

Revenue Increases 14.8% for Full Year 2013 and 4.6% for the Fourth Quarter; ATLANTA, March 27, 2014 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK), (NYSE MKT: ADK.PRA) a leading long-term care provider, reported results for the fourth quarter and full year ended December 31, 2013. Fourth Quarter 2013 Financial Highlights -- Revenues were $55.6 million, up 4.6% compared to $53.1 million in the year-ago period. -- Adjusted EBITDAR was $5.3 million, up 105.7%...


Word of the Day
Cthulhu
  • A gigantic fictional humanoid alien god being described with a head resembling an octopus and dragon wings and claws, around whom an insane cult developed.
  • Pertaining to the mythos of Cthulhu and additional otherworldly beings created by H. P. Lovecraft or inspired by his writings and imitators.
This word was invented in 1926 by H.P. Lovecraft for his short story, 'The Call of Cthulhu.' 'Cthulhu' may be based on the word 'chthonic,' which in Greek mythology refers to the underworld.
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