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Stock Market & Financial Investment News

News Breaks
July 23, 2014
09:25 EDTADK, ADKAdCare 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
News For ADK From The Last 14 Days
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October 30, 2014
08:28 EDTADKAdCare leases seven facilities in Georgia and Ohio
AdCare Health Systems has signed agreements with local third party operators to lease seven of its skilled nursing facilities in Georgia and Ohio. The lease on the five facilities in Ohio will be effective upon securing approval from the U.S. Department of Housing and Urban Development, which is expected by the end of the year. The lease on the two facilities in Georgia to a different operator will be effective November 1. The initial term of the leases is five years with renewal options after that period. The annual lease payments expected to be received by the company will exceed the interest and other property related costs on these facilities by approximately $2M.

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