AdCare M&A Spree Continues, Snatches Up Five SNFs for $16 Million

Skilled nursing and assisted living provider AdCare Health Systems, Inc. (NYSE Amex:ADK), recently signed a purchase agreement for five skilled nursing facilities in Oklahoma for $16 million. The facilities have an aggregate 357 beds that generate an estimated $15.0 million in annualized revenues, and the acquisition is anticipated to be immediately accretive to AdCare’s earnings […]

Obama Deficit Reduction Plan Wants More Medicare Cuts for Skilled Nursing

Skilled nursing facilities (SNFs), long term care hospitals (LTCHs), and inpatient rehabilitation facilities (IRFs) could see additional Medicare cuts if Congress adopts a new deficit reduction plan outlined by President Obama. First reported by Forbes, the plan aims to encourage efficient post acute care, which has seen expenditures rise dramatically over the years and place […]