Edition:
United States

Adcare Health Systems Inc (ADK.A)

ADK.A on American Stock Exchange

1.61USD
7 Dec 2016
Change (% chg)

$0.04 (+2.55%)
Prev Close
$1.57
Open
$1.60
Day's High
$1.66
Day's Low
$1.60
Volume
17,756
Avg. Vol
3,835
52-wk High
$2.60
52-wk Low
$1.52

Latest Key Developments (Source: Significant Developments)

AdCare Health Systems Inc announces public offering of Series A preferred stock
Wednesday, 8 Apr 2015 08:46am EDT 

AdCare Health Systems Inc:Commences underwritten public offering of up to 400,000 shares of 10.875 pct Series A cumulative redeemable preferred stock.Intends to use net proceeds offering to repay certain indebtedness and for general corporate purposes, which may include the repayment of other debt or the funding of potential acquisitions.MLV & Co. LLC and Northland Capital Markets are acting as underwriters.  Full Article

AdCare Health Systems Inc declares cash dividend
Tuesday, 31 Mar 2015 04:02pm EDT 

AdCare Health Systems Inc:Declares cash dividend of $0.05 per share of common stock.Payable on April 30, of record as of April 15.  Full Article

AdCare Health Systems Inc declares quarterly dividend on Series A Cumulative redeemable preferred stock
Monday, 9 Mar 2015 05:08pm EDT 

AdCare Health Systems Inc:Declared quarterly cash dividend payment on company's 10.875% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock"), accruing from Jan. 1 through March 31.Dividend on Series A Preferred Stock is payable on March 31 to holders of record at close of business on March 20.  Full Article

AdCare Health Systems Inc leases two facilities in Georgia; Now has leased 28 of 37 Facilities
Thursday, 19 Feb 2015 08:00am EST 

AdCare Health Systems Inc:Says it has signed an agreement with affiliates of C-Ross Management, an operator of long-term care facilities, to lease two of its skilled nursing facilities in Georgia.Says under the terms of the triple net lease agreements, the lessees of the facilities will be responsible for day-to-day management, ongoing maintenance and facility improvements for the duration of the leases.Says the initial term of the leases is five years with a five year renewal option.Says the annual rent in the first year will total $1.4 mln and will escalate at $24,000 each year through the initial term and 2 pct upon renewal.Says it has entered into agreements to lease or sublease 28 of its 37 healthcare facilities.  Full Article

AdCare Health Systems Inc leases 10 facilities in Arkansas
Tuesday, 20 Jan 2015 08:00am EST 

AdCare Health Systems Inc:Says as part of its ongoing strategic plan to transition from an owner and operator of healthcare facilities to healthcare property holding and leasing company, it has signed an agreement with Aria Health Group, LLC operators.To lease 10 of its skilled nursing facilities in Arkansas.Says lease on 10 facilities in Arkansas will be effective on March 1 when all licenses and other approvals required by State of Arkansas are expected to be obtained by operator.Under terms of triple net lease agreements, lessees of facilities will be responsible for day-to-day management, ongoing maintenance and facility improvements for the duration of the leases.Says initial term of theleases is five years with five year renewal option.Says annual rent in first year will total $6.5 mln and will escalate at 2 pct each year through initial term and 3 pct per year upon renewal.  Full Article

BRIEF-Adcare Health Systems Q3 loss per share $0.19

* Adcare health systems says "board has thoroughly and diligently evaluated a wide range of strategic alternatives, including a sale or merger of company"