AdCare Announces Strategic Plan to Transition to a Facilities Holding Company
PR Newswire - Wed Jul 23, 3:01PM CDT
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 operations of the Company's currently owned and operated healthcare facilities, which are principally skilled nursing facilities, will be transitioned to third parties, and the properties AdCare leases will be sub-leased. The Board of Directors believes this new business model will help the Company unlock shareholder value by reducing risk, enhancing cash flow and enabling the Company to return cash to shareholders through a quarterly dividend.
AdCare Health Systems Leases South Georgia Facility
PR Newswire - Mon Jun 23, 7:00AM CDT
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 operating this 52-bed facility during the first four months of this year; the facility is now expected to contribute approximately $90,000 of net profits annually during the life of the sublease.
AdCare Health Systems' board to pay USD0.68 per preferred share dividend in cash
M2 - Wed Jun 11, 5:47AM CDT
The board of directors of AdCare Health Systems (NYSE MKT:ADK) (NYSE MKT:ADK.PRA), a health care provider, on Tuesday declared its quarterly dividend of USD0.68 per share on its 10.875% Series A cumulative redeemable preferred stock.
AdCare Health Systems, Inc. Declares Quarterly Dividend on Series A Cumulative Redeemable Preferred Stock
PR Newswire - Tue Jun 10, 3:01PM CDT
AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) (the "Company" or "AdCare"
AdCare Health Systems Reports Significant Operational Improvements at Oklahoma City Facility
PR Newswire - Tue Jun 10, 7:00AM CDT
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 census, patient mix and resident satisfaction.
AdCare Health Systems, Inc. Announces Change to Executive Leadership
PR Newswire - Fri May 30, 7:45AM CDT
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 President.
Five Star Quality Care (FVE) in Focus: Stock Tumbles 9.5% - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Fri Mar 28, 8:40AM CDT
Five Star Quality Care saw a big move last session, as the company’s shares fell nearly 10% on the day
AdCare Health Systems Reports Continued Progress for Fourth Quarter and Full Year 2013
PR Newswire - Thu Mar 27, 3:12PM CDT
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.
AdCare Health Systems, Inc. Schedules Conference Call to Report Fourth Quarter and 2013 Full Year Financial Results
PR Newswire - Fri Mar 21, 10:30AM CDT
AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) (the "Company"
Weakness Seen in Concord Medical Services (CCM): Stock Tumbles 9.0% - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Tue Mar 11, 7:40AM CDT
Concord Medical Services saw a big move last session on pretty good volume with far more shares changing hands than in a normal session; shares fell 9% on the day.
Board for AdCare Health Systems Inc names Brent Morrison as non-voting board observer
M2 - Mon Jan 20, 6:50AM CST
US-based health care facility AdCare Health Systems Inc (NYSE MKT:ADK) (NYSE MKT:ADK.PRA) reported on Friday the addition of Brent Morrison, CFA, as a non-voting observer to its board of directors for effective and shareholder-friendly corporate governance.
AdCare Health Systems, Inc. Board of Directors Adds Brent Morrison as Non-Voting Board Observer
PR Newswire - Fri Jan 17, 7:00AM CST
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.
AdCare Health Systems to Present at Noble Financial Capital Markets' 10th Annual Equity Conference
PR Newswire - Mon Jan 06, 7:00AM CST
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 representative.
AdCare Health Systems, Inc. Files Resale Registration Statements
PR Newswire - Thu Jan 02, 7:00AM CST
ATLANTA, Jan. 2, 2014 /PRNewswire/-- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) (the "Company" or "AdCare"
AdCare Health Systems, Inc. Clarifies Previous Announcement Regarding Declaration of Quarterly Dividend on Series A Cumulative Redeemable Preferred Stock
PR Newswire - Wed Dec 11, 3:01PM CST
AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) (the "Company" or "AdCare"
AdCare Health Systems Announces New Management Agreement with Grady Health System
PR Newswire - Tue Dec 10, 3:01PM CST
AdCare Health Systems, Inc. (NYSE MKT: ADK), (NYSE MKT: ADK.PRA), a leading long-term care provider, today announced that it has signed a new management agreement with Grady Health System to manage its Crestview Health and Rehabilitation Center, a skilled nursing facility that has 388 licensed beds and is located just south of downtown Atlanta. A subsidiary of AdCare will provide support services to Crestview including a licensed nursing home administrator.
AdCare Health Systems Reports Second Quarter 2013 Results
PR Newswire - Wed Aug 14, 3:01PM CDT
AdCare Health Systems, Inc. (NYSE MKT: ADK), (NYSE MKT: ADK.PA) a leading long-term care provider, reported results for the second quarter and six months ended June 30, 2013.
Zacks #5 Rank Additions for Wednesday - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Wed Aug 14, 8:01AM CDT
Here are 5 stocks added to the Zacks #5 Rank ("strong sell"