William McBride, III
Chairman and Chief Executive Officer
Mr. McBride joined the Company in September 2014 and currently serves as Chairman and Chief Executive Officer. He brings over 30 years of healthcare, financing, real estate and corporate leadership experience in both the long-term care and real estate investment trust (“REIT”) sectors. Before joining the Company, Mr. McBride was previously a founder and served as Chairman and CEO of Assisted Living Concepts, Inc. from 1997 to 1999. While at Assisted Living Concepts, he expanded the company from four to 170 properties through new construction in 14 states and financed the company's growth through sale leaseback and mortgage financing transactions. Prior thereto, Mr. McBride served as President, Chief Operating Officer and a Director of LTC Properties, Inc., a healthcare real estate investment trust which he co-founded in 1992. While there, he completed the largest REIT IPO at the time and successfully completed over $500 million in acquisitions and public financings and two mortgage securitization transactions. Mr. McBride has also served on the Board of Directors and was Chairman of the Financing Committee of Malan Realty Properties, a NYSE-listed commercial property REIT. Mr. McBride is a graduate of the University of California Los Angles (UCLA) with an undergraduate degree in Economics and a Master’s in Business Administration.
President and CFO
Mr. Rimland joined the Company in April 2015 and serves as President and Chief Financial Officer. He has over 25 years of experience in investment banking and expertise within the healthcare services and related real estate sectors, including positions with leading bulge bracket and mid-sized investment banks. During his investment banking career, Mr. Rimland managed more than $100 billion in M&A and capital raising transactions. He joined AdCare from Stephens, Inc. where he served as Managing Director in the Healthcare Group, focusing on healthcare services companies from 2011 to until 2015. Prior thereto, Mr. Rimland was a Managing Director at JMP Securities, Inc. and Wachovia Securities. Mr. Rimland is a graduate of the University of Pennsylvania’s Wharton School and Moore School of Electrical Engineering and received a Master’s in Business Administration from the University of Chicago’s Booth School of Business.