AdCare Health Systems Inc

Type: Company
Name: AdCare Health Systems Inc
Nationality: United States
Web Address: http://www.adcarehealth.com/
First reported 7 hours ago - Updated 7 hours ago - 1 reports

AdCare Health Systems: NOLs, REIT Conversion, Cash Allocation

Perhaps due to pressure from some 13d filers, AdCare Health Systems, Inc. (NYSEMKT:ADK) recently announced a Strategic Plan which should create significant shareholder value. AdCare Health Systems has historically struggled to profitably operate its 34 ... [Published Value Walk - 7 hours ago]
First reported Jul 29 2014 - Updated Jul 29 2014 - 1 reports

Seniors Housing Weekly Update - Another Health Care REIT?

. 60 Seconds with Steve Monroe.   AdCare Health Systems is getting out of the operating business to become a landlord . . ..Another Health Care REIT?Despite the temporary slump in health care REIT stock prices a year ago, becoming a health care REIT still ... [Published Irving Levin Associates - Jul 29 2014]
First reported Jul 29 2014 - Updated Jul 29 2014 - 1 reports

Adcare Health System Downgraded by Zacks to Underperform (ADK)

Adcare Health System (NYSE:ADK)Shares of Adcare Health System (NYSE:ADK) traded up 0.85% during mid-day trading on Tuesday, hitting $4.72. The stock had a trading volume of 184,409 shares. Adcare Health System has a 52-week low of $3.62 and a 52-week ... [Published American Banking News - Jul 29 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

AdCare Posts Strategic Plan to Transition to a Facilities Holding Company

AdCare Health Systems reported 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. According to a release from the Company, through ... [Published Individual.com - Jul 28 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

AdCare Transitioning to a Health Care Facilities Holding Company

AdCare Health Systems Inc., an Atlanta-based provider of senior living and health care facility management, plans to transition a health care property holding and leasing company.Through a series of sale/leasebacks, the operations of the company’s currently ... [Published CoStar Group - Jul 25 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

Jury hands down $14 million negligent care verdict to 'send message' to nursing homes

Continuing care retirement community executive director salaries have barely increased in the past year, while therapy and rehabilitation directors received a boost, a new report shows. The average salary for a therapy and rehab director is currently ... [Published McKnight's Long Term Care News - Jul 25 2014]
First reported Jul 24 2014 - Updated Jul 24 2014 - 1 reports

AdCare Health Systems announces strategic plan to transition to facilities holding company

AdCare Health Systems Inc:Approves strategic plan to transition to a healthcare property holding and leasing company.Says owned and operated healthcare facilities which are principally skilled nursing facilities will be transitioned to third parties.Leased ... [Published Reuters - Jul 24 2014]
First reported Jun 23 2014 - Updated Jun 23 2014 - 2 reports

AdCare Health Systems Leases South Georgia Facility

Transaction Will Result in Facility Level ProfitsATLANTA , June 23, 2014 /PRNewswire/ --  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 ... [Published Michigan Live - Jun 23 2014]
First reported Jun 10 2014 - Updated Jun 10 2014 - 1 reports

AdCare Health Systems Reports Significant Operational Improvements at Oklahoma City Facility

ATLANTA, June 10, 2014 /PRNewswire/ -- 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 ... [Published PR Newswire: Health - Jun 10 2014]
First reported May 30 2014 - Updated May 31 2014 - 1 reports

AdCare Health Systems, Inc. Announces Change to Executive Leadership

ATLANTA, May 30, 2014 /PRNewswire/ -- 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 ... [Published PR Newswire: Health - May 30 2014]
First reported May 02 2014 - Updated May 02 2014 - 1 reports

AdCare Health Systems to Present at 15th Annual B. Riley & Co. Investor Conference

ATLANTA, May 2, 2014 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), announced today that Boyd Gentry, CEO, will present at the 15th Annual B. Riley & Company Investor Conference which is being held May 19 – 21, 2014 at ... [Published PR Newswire: General Business - May 02 2014]
First reported May 01 2014 - Updated May 02 2014 - 1 reports

AdCare Health Systems, Inc. Schedules Conference Call to Report First Quarter 2014 Financial Results

ATLANTA, May 1, 2014 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) (the "Company") announced that at 10 a.m. ET Thursday, May 8, 2014, management will hold a conference call to discuss first quarter 2014 financial results. ... [Published PR Newswire: Health - May 01 2014]

Quotes

...shareholder value, including a possible sale of the Company," stated David Tenwick, AdCare's Chairman and Interim Chief Executive Officer. "It became clear that the Company's historical structure as an owner/operator was not conducive to maximizing value. The Board identified several elements of the business model which inhibited the Company's ability to maximize the value of its assets. These elements included high ongoing G&A expenses, execution risk, and the fact that potential REIT buyers would have to find operators to manage all of AdCare's properties. These factors reduced the number of potential parties interested in acquiring all or part of the Company, and resulted in valuations that the Board considered unacceptable. After careful analysis and consideration, the Board unanimously agreed to exit the day-to-day management of our healthcare facilities and begin transitioning the Company to a healthcare property holding and leasing company. This structure requires significant less working capital enabling the Company to begin returning cash to shareholders through an increasing quarterly dividend, commencing in the near term, while allowing the company to pursue strategic acquisitions, and the Board firmly believes this structure will ultimately maximize shareholder value."
...the visibility and predictability of our business and remove significant execution risk," added Ron Fleming, AdCare's Chief Financial Officer. "In addition, through refinancing efforts and the benefit of lower interest rates due to beneficial attributes of our new business model, we expect to lower our cost of capital over the next several quarters, improving earnings before income taxes."
...rofitability and improve our overall financial results," commented David Tenwick , AdCare's Chairman, Interim Chief Executive Officer and President. "The lease of this facility is expected to positively contribute to the Company's bottom line, reduce the variability in operating expenses related to the facility and provide a more predictable return on investment."
... According to the  ADP Employment Report : "After a strong post-winter rebound in April, job growth in May slowed somewhat,” said Carlos"

More Content

All (25) | News (12) | Reports (0) | Blogs (9) | Audio/Video (0) | Fact Sheets (0) | Press Releases (4)
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AdCare Health Systems: NOLs, REIT Conversion, C... [Published Value Walk - 7 hours ago]
Seniors Housing Weekly Update - Another Health ... [Published Irving Levin Associates - Jul 29 2014]
Adcare Health System Downgraded by Zacks to Und... [Published American Banking News - Jul 29 2014]
AdCare Posts Strategic Plan to Transition to a ... [Published Individual.com - Jul 28 2014]
AdCare Transitioning to a Health Care Facilitie... [Published CoStar Group - Jul 25 2014]
Jury hands down $14 million negligent care verd... [Published McKnight's Long Term Care News - Jul 25 2014]
AdCare Health Systems announces strategic plan ... [Published Reuters - Jul 24 2014]
AdCare Announces Strategic Plan to Transition t... [Published Nasdaq - Jul 23 2014]
AdCare Announces Strategic Plan to Transition t... [Published PR Newswire: Financial Services - Jul 23 2014]
Around Town: Take a spin with hula-hoop program [Published Wicked Local Scituate - Jul 11 2014]
Scituate FACTS spreads the word about drug abus... [Published Wicked Local Boston - Jul 10 2014]
AdCare Health Systems Leases South Georgia Faci... [Published Michigan Live - Jun 23 2014]
AdCare Health Systems Leases South Georgia Faci... [Published PR Newswire: General Business - Jun 23 2014]
May Executive Turnover Points Positive For Econ... [Published Management Turnover as Change Agent - Jun 18 2014]
AdCare Health Systems, Inc. Declares Quarterly ... [Published Financial Services - Jun 10 2014]
AdCare Health Systems Reports Significant Opera... [Published PR Newswire: Health - Jun 10 2014]
AdCare Health Systems, Inc. Announces Change to... [Published PR Newswire: Health - May 30 2014]
AdCare Health Systems Reports First Quarter 201... [Published Financial Services - May 07 2014]
AdCare Health Systems to Present at 15th Annual... [Published PR Newswire: General Business - May 02 2014]
AdCare Health Systems, Inc. Schedules Conferenc... [Published PR Newswire: Health - May 01 2014]
Frontrunning: March 28 [Published Zero Hedge - Mar 28 2014]
AdCare Health Systems Reports Continued Progres... [Published Financial Services - Mar 27 2014]
AdCare Health Systems, Inc. Schedules Conferenc... [Published PR Newswire: Health - Mar 21 2014]
AdCare Health Systems, Inc. Declares Quarterly ... [Published Financial Services - Mar 10 2014]
8-K - ADCARE HEALTH SYSTEMS, INC (0001004724) (... [Published SEC Filings - Dec 27 2013]
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AdCare Announces Strategic Plan to Transition t... [Published PR Newswire: Financial Services - Jul 23 2014]
ATLANTA, July 23, 2014 /PRNewswire/ -- 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 ...
AdCare Health Systems Leases South Georgia Faci... [Published PR Newswire: General Business - Jun 23 2014]
ATLANTA, June 23, 2014 /PRNewswire/ -- 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 ...
May Executive Turnover Points Positive For Econ... [Published Management Turnover as Change Agent - Jun 18 2014]
Liberum Research's executive turnover data for May 2014 continued to show positive signs for the North American economies.  CEO and CFO changes monitored by Liberum saw very high percentage increases from the previous month of April and C-level turnover ...
AdCare Health Systems Reports Significant Opera... [Published PR Newswire: Health - Jun 10 2014]
ATLANTA, June 10, 2014 /PRNewswire/ -- 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 ...
AdCare Health Systems, Inc. Announces Change to... [Published PR Newswire: Health - May 30 2014]
ATLANTA, May 30, 2014 /PRNewswire/ -- 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 ...
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Press Releases

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AdCare Health Systems, Inc. Declares Quarterly ... [Published Financial Services - Jun 10 2014]
AdCare Health Systems Reports First Quarter 201... [Published Financial Services - May 07 2014]
AdCare Health Systems Reports Continued Progres... [Published Financial Services - Mar 27 2014]
AdCare Health Systems, Inc. Declares Quarterly ... [Published Financial Services - Mar 10 2014]
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