Profile: Adcare Health Systems Inc (ADK.A)
AdCare Health Systems, Inc. (AdCare), incorporated on August 14, 1991, is a holding company. The Company, through its subsidiaries, owns and operates skilled nursing and assisted living facilities. The Company, through its wholly owned separate operating subsidiaries, as of September 30, 2014, operates 37 facilities comprised of 34 skilled nursing facilities, two assisted living facilities and one independent living or senior housing facility totaling approximately 4,200 beds. The Company's facilities provide a range of health care services to patients and residents, including, skilled nursing and assisted living services, social services, various therapy services, and other rehabilitative and healthcare services for both long-term residents and short-stay patients. As of September 30, 2014, of the total 37 facilities, the Company owned and operated 25 facilities, leased and operated eight facilities, and managed four facilities for third parties.
The skilled nursing and assisted living facilities provide services to individuals for long-term care in a nursing home or assisted living setting and provide management of those facilities. Through its subsidiaries, the Company provides an administrative services, as well as consultative services. The Company also provides these services to unaffiliated third party long-term care operators and owners. The Company provides these services to two unaffiliated facility owners.
Adcare Health Systems Inc
1145 Hembree Rd
ROSWELL GA 30076-1122