|07/23/14||AdCare Announces Strategic Plan to Transition to a Facilities Holding Company|
|New Business Model Designed To Optimize Cash Flow and Unlock Shareholder Value
Conference Call to Discuss Transition Scheduled for July 24, 2014 at 10 a.m.
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 p... |
|06/23/14||AdCare Health Systems Leases South Georgia Facility|
|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 with o... |
|06/10/14||AdCare Health Systems Reports Significant Operational Improvements at Oklahoma City Facility|
|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 improvements in ce... |
|06/10/14||AdCare Health Systems, Inc. Declares Quarterly Dividend on Series A Cumulative Redeemable Preferred Stock|
|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 to holde... |