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2015 News Releases
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06/30/15AdCare Board Declares Quarterly Cash Dividend of $0.055 per Share of Common Stock
ATLANTA, June 30, 2015 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term healthcare, today announced that its Board of Directors has declared a cash dividend on the Company's common stock. On June 30, 2015, the Board of Directors declared a cash dividend of $0.055 per share of common stock, payable on July 31, 2015 to sharehold... 
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06/25/15AdCare Reports Continued Progress in Strategic Transition; Receives HUD Approval for Five Facilities
Company Completes Transfer of Operations for North Carolina Facility ATLANTA, June 25, 2015 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term healthcare, today announced continued progress in its strategic transition to a property holding and leasing company. Transition Update The Company received approval from HUD with r... 
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06/08/15AdCare Health Systems, Inc. Declares Quarterly Dividend on Series A Cumulative Redeemable Preferred Stock
ATLANTA, June 8, 2015 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK), (NYSE MKT: ADK.PRA), a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term healthcare, 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, 2015 through June 30, 2015. T... 
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06/02/15AdCare Health Systems, Inc. Completes Public Offering of Series A Preferred Stock
ATLANTA, June 2, 2015 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) (the "Company") announced today that it has closed a public offering of 588,235 shares of its 10.875% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") at a public offering price of $25.50 per share.  The Series A Preferred Stock is listed on the NYSE MKT under the symbol "ADK.PRA." The shares of Series A Preferred Stock were sold in a "best efforts" underwriting... 
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05/28/15AdCare Health Systems, Inc. Announces Public Offering of Series A Preferred Stock
ATLANTA, May 28, 2015 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) (the "Company") today announced that it has commenced a public offering of up to 400,000 shares of its 10.875% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock").  The Company's current outstanding Series A Preferred Stock is listed on the NYSE MKT under the symbol "ADK.PRA," and the Company will file an application to list the shares of the Series A Preferred Stock ... 
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05/28/15AdCare Health Systems, Inc. Prices Offering of Series A Preferred Stock
ATLANTA, May 28, 2015 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) (the "Company") announced today that it has priced a public offering of up to 588,235 shares of its 10.875% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") at a public offering price of $25.50 per share.  The closing of the offering is scheduled for June 2, 2015, subject to customary closing conditions.  The Company's current outstanding Series A Preferred Stock i... 
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05/14/15AdCare Health Systems Reports First Quarter Results
Transition to Holding and Leasing Company Substantially Complete with Agreements to Transfer 36 of 40 Healthcare Facilities ATLANTA, May 14, 2015 /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 first quarter ended March 31, 2015. The company also provided an update on its transition to a healthcare facilities holding and leasing company. Transition Highl... 
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05/06/15AdCare Health Systems, Inc. Schedules Conference Call to Discuss First Quarter 2015 Financial Results
Expects to File Quarterly Report for First Quarter 2015 on May 14, 2015; Conduct Conference Call at 4:30 p.m. ET; Will Provide Transition Update ATLANTA, May 6, 2015 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term healthcare, today announced that management expects to file financial results for the first quarter of 2015 after ... 
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05/05/15AdCare Completes the Operations Transfer of Eight Arkansas Facilities and Signs Agreements to Lease Two Oklahoma Facilities and Sell One Oklahoma Facility
ATLANTA, May 5, 2015 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term healthcare, today provided an update on its strategic transition to a property holding and leasing company. AdCare: Completed the transfer of operations of eight Arkansas facilities to a third-party operator effective May 1, 2015; Signed agreements to lea... 
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04/13/15AdCare Health Systems, Inc. Completes Public Offering of Series A Preferred Stock
ATLANTA, April 13, 2015 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) (the "Company") announced today that it has closed an underwritten public offering of 575,000 shares of its 10.875% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") at a public offering price of $25.75 per share.  The Series A Preferred Stock is listed on the NYSE MKT under the symbol "ADK.PRA." The shares of Series A Preferred Stock were sold in a "best effor... 
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04/08/15AdCare Health Systems, Inc. Announces Public Offering of Series A Preferred Stock
ATLANTA, April 8, 2015 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) (the "Company") today announced that it has commenced an underwritten public offering of up to 400,000 shares of its 10.875% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock"). The Company's currently outstanding Series A Preferred Stock is listed on the NYSE MKT under the symbol "ADK.PRA," and the Company has filed an application to list the shares of the Series A ... 
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04/08/15AdCare Health Systems, Inc. Prices Offering of Series A Preferred Stock
ATLANTA, April 8, 2015 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) (the "Company") announced today that it has priced an underwritten public offering of up to 575,000 shares of its 10.875% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") at a public offering price of $25.75 per share.  The closing of the offering is scheduled for April 13, 2015, subject to customary closing conditions.  The Company's currently outstanding Series ... 
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03/31/15AdCare Health Systems Reports Substantial Progress in its Strategic Transition; Declares Cash Dividend and Reconstitutes Board of Directors
Board Declares Cash Dividend of $0.05 per share; Names Bill McBride as Chairman and Allan Rimland as President and Chief Financial Officer ATLANTA, March 31, 2015 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK), (NYSE MKT: ADK.PRA) a recognized provider of senior living and healthcare facility management, today announced substantial progress in the company's strategic transition from an owner and operator of healthcare facilities to a healthcare property holding and leasing compan... 
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03/31/15AdCare Health Systems Reports Fourth Quarter and Full-Year 2014 Results
Substantial Progress in Transitioning to a Facilities Holding Company; Accepts Subscriptions for $8.5 Million Convertible Note Offering; Full-Year 2014 Adjusted EBITDAR increases 27% to $19.5 Million ATLANTA, March 31, 2015 /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 fourth quarter and year ended December 31, 2014.  The company also provided an up... 
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03/18/15AdCare Health Systems, Inc. Schedules Conference Call to Discuss Fourth Quarter and Year End 2014 Financial Results and Update Progress on Strategic Transition
Conduct Conference Call at 4:30 p.m. ET ATLANTA, March 18, 2015 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), a leading long-term care provider, today announced that management expects to file financial results for the fourth quarter and year end of 2014 after the market close on Tuesday, March 31, 2015. Management will conduct a conference call at 4:30 p.m. ET that day to discuss the results.    Conference call information: Date and time: Tuesday, M... 
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03/09/15AdCare Health Systems, Inc. Declares Quarterly Dividend on Series A Cumulative Redeemable Preferred Stock
ATLANTA, March 9, 2015 /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 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 January 1, 2015 through March 31, 2015. The dividend on the Series A Preferred Stock is payable on March 31, 20... 
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03/03/15AdCare Leases Three Facilities in North and South Carolina and Completes Refinancing of Properties in Arkansas and South Carolina
ATLANTA, March 3, 2015 /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 with affiliates of Symmetry Healthcare Management, an operator of long-term care facilities, to lease two of its skilled nursing facilities in South Caro... 
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02/19/15AdCare Health Systems Leases Two Facilities in Georgia; Now has leased 28 of 37 Facilities
Company Reaffirms Expectations to Have Majority of Remaining Facilities Leased or Subleased by the End of Q1 2015, Subject to Required Approvals ATLANTA, Feb. 19, 2015 /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 with ... 
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02/03/15AdCare Health Systems Leases Two Facilities in Georgia
ATLANTA, Feb. 3, 2015 /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 with affiliates of Wellington Healthcare Services, an operator of long-term care facilities, to lease two of its skilled nursing facilities in Georgia. ... 
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01/20/15AdCare Health Systems Leases 10 Facilities in Arkansas
ATLANTA, Jan. 20, 2015 /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 with Aria Health Group, LLC operators to lease 10 of its skilled nursing facilities in Arkansas. The lease on the 10 facilities in Arkansas will be e... 
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01/07/15AdCare Health Systems, Inc. Obtains Two Conditional Refinancing Commitments and Announces Change in its Board of Directors
ATLANTA, Jan. 7, 2015 /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 obtained from a third-party lender two conditional mortgage refinancing commitments to refinance, on a long-term basis, approximately $21.0 million of current mortgage debt d... 
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