AdCare Health Systems, Inc. (NYSE AMEX: ADK), an Ohio-based long term care, home care and management company, recently announced that Chris Brogdon joined the firm as Vice Chairman and Chief Acquisitions Officer. Brogdon, age 60, is AdCare’s largest individual stockholder. In addition to his duties as Vice Chairman of the Board, Brogdon will manage the Company’s efforts to accelerate growth through selective acquisitions of nursing homes and assisted living facilities.
David A. Tenwick, Chairman of AdCare, stated that "Chris Brogdon has a strong track record of building shareholder value through a combination of acquisitive and organic growth." Tenwick continued, "As our largest individual stockholder, he has demonstrated a strong, long-term commitment to AdCare and is the ideal candidate to manage our M&A activities. In addition, with his experience, he has contacts with many banks and financial institutions that can be very beneficial to our expansion strategy."