Investor Relations > 2014 News Releases
2014 News Releases
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Q3 2014 AdCare Health Systems, Inc. Earnings Conference Call (Live)
11/13/14 at 10:00 a.m. ET
Q3 2014 AdCare Health Systems, Inc. Earnings Conference Call
Thursday, November 13, 2014 10:00 a.m. ET  
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10/30/14AdCare Health Systems Leases Seven Facilities in Georgia and Ohio
ATLANTA, Oct. 30, 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 agreements with local third party operators to lease seven of its skilled nursing facilities in Georgia and Ohio. The lease on the five facilities in Ohio will be ... 
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10/30/14AdCare Health Systems, Inc. Schedules Conference Call to Discuss Third Quarter 2014 Financial Results, Update Transition
Expects to File Quarterly Report for Third Quarter of 2014 on November 13, 2014; Conduct Conference Call at 10 a.m. ET ATLANTA, Oct. 30, 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 management expects to file financial results for the third quarter of 2014 before the market opens on Thursday, November 13, 2014. Management will conduct a conference call at 10... 
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10/15/14AdCare Announces Shareholder Approval of Strategic Plan to Transition to a Facilities Holding Company
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 healthcare p... 
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10/13/14AdCare Appoints William McBride III as CEO and President
- 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 positions. "... 
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10/03/14AdCare Health Systems Refinances Two Properties, Reduces Interest Expense
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: Woodland ... 
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09/24/14AdCare Health Systems Leases Two Alabama Facilities
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 to a loca... 
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09/09/14AdCare Health Systems, Inc. Declares Quarterly Dividend on Series A Cumulative Redeemable Preferred Stock
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 30, 2014... 
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08/11/14AdCare Health Systems Reports Second Quarter 2014 Results
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 owning and ... 
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07/23/14AdCare 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... 
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06/23/14AdCare 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... 
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06/10/14AdCare 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... 
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06/10/14AdCare 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... 
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05/30/14AdCare Health Systems, Inc. Announces Change to Executive Leadership
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 Officer and ... 
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05/07/14AdCare Health Systems Reports First Quarter 2014 Results
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 Continuing Operati... 
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05/02/14AdCare Health Systems to Present at 15th Annual B. Riley & Co. Investor Conference
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 15th 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 available thro... 
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05/01/14AdCare Health Systems, Inc. Schedules Conference Call to Report First Quarter 2014 Financial Results
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 1-480-629-97... 
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03/27/14AdCare Health Systems Reports Continued Progress for Fourth Quarter and Full Year 2013
Revenue Increases 14.8% for Full Year 2013 and 4.6% for the Fourth Quarter; Full Year EBITDAR Increases 11.9% to $19.4 Million 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 ... 
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03/21/14AdCare Health Systems, Inc. Schedules Conference Call to Report Fourth Quarter and 2013 Full Year Financial Results
ATLANTA, March 21, 2014 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) (the "Company") announced that at 10 a.m. ET Friday, March 28, 2014, management will hold a conference call to discuss fourth quarter and 2013 full year financial results. Financial results will be available after the close of the markets on Thursday, March 27, 2014.   Conference call information: Date and time: Friday, March 28, 2014 at 10 a.m. ET Dial-in number: 1-877-941-1427 (dom... 
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03/10/14AdCare Health Systems, Inc. Declares Quarterly Dividend on Series A Cumulative Redeemable Preferred Stock
ATLANTA, March 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 January 1, 2014 through March 31, 2014. The dividend on the Series A Preferred Stock will be payable on March 31, 2014 to ... 
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01/17/14AdCare Health Systems, Inc. Board of Directors Adds Brent Morrison as Non-Voting Board Observer
Reflects AdCare's Commitment to Corporate Governance ATLANTA, Jan. 17, 2014 /PRNewswire/-- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), a leading long-term care provider, announced today that Brent Morrison, CFA, is serving as a non-voting observer to AdCare's Board of Directors, reflecting AdCare's commitment to effective and shareholder-friendly corporate governance. Mr. Morrison is currently the Managing Director of Zuma Capital Management LLC, a Registered Investmen... 
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01/06/14AdCare Health Systems to Present at Noble Financial Capital Markets' 10th Annual Equity Conference
Leading Long-Term Care Provider to Present on January 20, 2014 ATLANTA, Jan. 6, 2014 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), announced today that Boyd Gentry, chief executive officer, will present at "TEN" Noble Financial Capital Markets' 10th Annual Equity Conference, on January 20, 2014 at 4 p.m ET, Room 1. The conference will be held January 19-22, 2014 at Club Med, Sandpiper Bay, South Florida. To schedule a meeting, please contact your Noble rep... 
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01/02/14AdCare Health Systems, Inc. Files Resale Registration Statements
Relating to Shares Underlying Previously Issued Convertible Promissory Notes and Warrants ATLANTA, Jan. 2, 2014 /PRNewswire/-- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) (the "Company" or "AdCare"), announced today that it has filed with the Securities and Exchange Commission a resale Registration Statement on Form S-1 and a Post-Effective Amendment on Form S-1 to certain previously filed resale registration statements. Neither the Registration Statement nor the Post-Ef... 
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