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Adcare Health Systems Inc (ADK.A)

ADK.A on American Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Adcare Health Systems reports Q1 loss per share of $0.14
Monday, 15 May 2017 04:05pm EDT 

May 15 (Reuters) - Adcare Health Systems Inc :Adcare Health Systems reports first quarter 2017 financial results.Q1 loss per share $0.14.Qtrly total revenues $6.1 million versus $7.1 million.  Full Article

Adcare Health Systems names Allan Rimland as CEO
Tuesday, 18 Apr 2017 08:00am EDT 

April 18 (Reuters) - Adcare Health Systems Inc ::Adcare Health Systems names Allan Rimland as chief executive officer.Board terminated Bill McBride's employment for cause on such date, as disclosed in a current report on form 8-k filed on April 17.  Full Article

Adcare Health Systems says CEO McBride intentionally misrepresented educational credentials to board
Monday, 17 Apr 2017 05:17pm EDT 

April 17 (Reuters) - Adcare Health Systems Inc -:Adcare Health Systems - special committee completed internal investigation related to inaccurate representation of educational credentials of ceo.Says special committee concluded mcbride intentionally misrepresented his educational credentials to board.Adcare Health Systems says board terminated mcbride's employment with company as its chief executive officer for cause , effective immediately.Says board also appointed Allan Rimland, company's president and cfo, to also serve as company's ceo.  Full Article

Adcare Health Q4 loss per share $0.02
Friday, 24 Mar 2017 08:00am EDT 

Adcare Health Systems Inc : Adcare health systems reports fourth quarter and full-year financial 2016 results . Q4 revenue fell 5.2 percent to $5.9 million . Q4 loss per share $0.02 .Adcare health systems-signed definitive purchase agreement to purchase an assisted living facility in alabama with 106 operational beds for $5.5 million.  Full Article

Adcare Health Systems says on Feb 13 Regional Health Properties filed registration statement on Form S-4 with SEC - SEC filing
Thursday, 16 Feb 2017 08:14am EST 

Adcare Health Systems Inc : Adcare Health Systems - on Feb 13 Regional Health Properties filed registration statement on Form S-4 with SEC - SEC filing . Adcare Health Systems Inc - proposing to reorganize corporate structure by merging with and into Regional Health Properties Inc -SEC filing .Adcare Health Systems Inc - anticipate holding a special meeting of shareholders in Q2 of 2017 for purpose of voting on proposed merger..  Full Article

AdCare Health Systems to purchase assisted living facility in Alabama
Thursday, 16 Feb 2017 08:00am EST 

AdCare Health Systems Inc - : Signed a letter of intent to purchase an assisted living facility with 106 operational beds located in Alabama for $5.5 million .Intends to finance acquisition with conventional mortgage debt and cash on hand.  Full Article

Adcare's Jeffersonville facility gets recertified
Tuesday, 20 Dec 2016 08:00am EST 

Adcare Health Systems Inc : Adcare Health Systems Inc - co has received a new medicare/medicaid provider contract .Company's Jeffersonville facility recertified by Centers For Medicare And Medicaid Services.  Full Article

AdCare completes HUD refinancing of South Carolina property
Thursday, 15 Dec 2016 08:00am EST 

AdCare Health Systems Inc: AdCare completes HUD refinancing of South Carolina property . Has refinanced short-term mortgage debt on company's Sumter facility .AdCare Health Systems - on Dec 14 refinanced mortgage debt on its Sumter, South Carolina property with $5.9 million of new mortgage debt maturing in 2046.  Full Article

Adcare Health Systems Q2 revenue rose 61 percent to $7.2 mln
Monday, 15 Aug 2016 08:00am EDT 

Adcare Health Systems Inc : Adcare Health Systems reports second quarter 2016 results .Q2 revenue rose 61 percent to $7.2 million.  Full Article

Adcare Health says New Beginnings Care becomes debtor in possession
Wednesday, 22 Jun 2016 06:14am EDT 

Adcare Health Systems Inc : New beginnings care, llc became a debtor in possession in a series of bankruptcy cases jointly administered under new beginnings care, llc, et al., bankr. e.d. Tn chattanooga division . Oceanside facility and jeffersonville facility were both decertified by center for medicare services .Pursuant to terms of a order issued in bankruptcy casem automatic stay was lifted, allowing co to take possession of facilities from new beginnings.  Full Article

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