AdCare Health Systems, Inc. (NYSE MKT:ADK) has entered an agreement to sell six assisted living communities in Ohio for $22.3 million to a long-time Ohio assisted living operator. The transaction is expected to close before the end of the year. The long-term care provider will use the proceeds from the sale to finance its ongoing […]
AdCare
Here’s a collection of some smaller senior housing and care acquisitions that were announced in the past couple of weeks: AdCare Acquires Ark. Senior Care Facility for $6.3 Million Long-term care provider AdCare Health Systems, Inc. (NYSE:ADK) has signed a purchase agreement to acquire a Little Rock, Arkansas-area skilled nursing facility for $6.3 million. AdCare […]
Long-term care provider AdCare Health Systems, Inc. (NYSE:ADK) has agreed to purchase a South Carolina skilled nursing facility for $4.2 million. The 84-bed facility generations an estimated $3.8 million in gross annualized revenues, according to its most recent financials. The acquisition is expected to close in the fourth quarter of 2012 and will be financed […]
Here’s a roundup of earnings reports for some senior housing and care providers for the second quarter of 2012. All four companies experienced a growth in revenue, but only two out of four saw their income from operations increase, while two saw their net income decrease in the quarter. Most of the operators reported being […]
AdCare Health Systems, Inc. (NYSE MKT:ADK) announced on Tuesday it had completed a previously announced agreement to purchase a skilled nursing facility located in Glennville, Ga. for $8.2 million. The Glenview Health and Rehabilitation center has 134 beds and generates an estimated $6.4 million in annualized gross revenues, according to its most recent financials. AdCare […]
AdCare Property Holdings, LLC, a subsidiary of AdCare Health Systems, Inc., plans to acquire Sumter Valley Nursing and Rehab Center, a 96-bed skilled nursing facility located in Sumter, South Carolina from Pinewood Holdings, LLC for an aggregate purchase price of $5.5 million, according to an 8-K filing. The purchase price consists of $5.25 million in cash […]
In case you missed it, we’ve rounded up all the senior housing and care transactions covered by Senior Housing News in March. Senior Housing Sales & Acquisitions CNL Lifestyle Properties Acquires Three Illinois Senior Living Communities (3/5/2012) Brookdale Senior Living Buys Retirement Home from Ventas for $16 Million (3/12/2012) CNL Lifestyle Properties to Buy Four […]
Long-term care provider AdCare Health Systems, Inc. (NYSE Amex:ADK) has signed purchase agreements for two Oklahoma skilled nursing facilities for a total of $11.6 million. The facilities have an aggregate 239 beds in service, and generate an estimated $10.3 million in gross annualized revenues, according to their most recent financial statements. AdCare expects to complete […]
AdCare Health Systems, Inc. (NYSE Amex:ADK) reported revenues of $45.4 million in the fourth quarter ended Dec. 31, 2011, up 76% from the previous year’s $25.8 million. The company attributed this increase to its acquisitions completed since the end of 2010 as part of its aggressive merger and acquisition program. For the full year, AdCare […]
AdCare Property Holdings, LLC, a subsidiary of AdCare Health Systems, Inc., agreed on Jan. 17 to acquire a 141-bed skilled nursing facility located in Lonoke, Ark. for an aggregate purchase price of $6,486,000, subject to the terms and conditions of the ConvaCare purchase agreement. The purchase is expected to close on March 1, 2012, although […]
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