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Stock Market & Financial Investment News

News Breaks
December 12, 2012
16:42 EDTADKAdCare initiated with an Outperform at Imperial Capital
Target $7.
News For ADK From The Last 14 Days
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July 23, 2014
19:05 EDTADKAdCare to host conference call
Conference call to discuss strategic plan to transition to a facilities holding company will be held on July 24 at 10 am. Webcast Link
16:27 EDTADKAdCare plans to initiate a quarterly dividend of 5c in 1Q15
The board plans to initiate a quarterly dividend payment on the common stock, expected to be 5c per common share, to be declared by the board as soon as Q4 and paid in 1Q15. The company expects to methodically increase the quarterly dividend payments at a targeted rate of 1c per share each quarter for the forseeable future.
16:26 EDTADKAdCare announces strategic plan to transition to a facilities holding company
AdCare Health Systems announced that the board has approved, and management has begun to implement, a strategic plan to transition the company to a healthcare property holding and leasing company. Through a series of leasing transactions, the operations of the company's currently owned and operated healthcare facilities, which are principally skilled nursing facilities, will be transitioned to third parties, and the properties AdCare leases will be sub-leased. The board believes this new business model will help the company unlock shareholder value by reducing risk, enhancing cash flow and enabling the company to return cash to shareholders through a quarterly dividend. Under the strategic plan, the company expects through headcount reductions and other expense-reducing efforts, G&A will be significantly reduced, a significant improvement in earnings before taxes and existing net operating losses of approximately $25.8M will be available to offset future taxable income.

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