AdCare

AdCare Health Systems, Inc., announced on Jan. 3 that it has completed the previously announced agreement to purchase a skilled nursing and assisted living community in Ohio for a final purchase price of $12.5 million—$1.0 million less than the initial purchase agreement. AdCare Property Holdings, LLC, a wholly owned subsidiary of AdCare Health Systems, had entered […]

AdCare Health Systems (NYSE: ADK) has closed on the asset purchase of a skilled nursing and assisted living community in Mountain View, Arkansas for $4.2 million. The facilities have a total of 129 beds in service that generated an estimated $5.4 million in gross annualized revenues according to recent financials, and their addition is expected to […]