Genesis Rehab Services Extends Market Presence through Partnership with AdCare Health Systems, Creates New Job Opportunities

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Strategic business relationship positions both parties for growth, supports new job creation

The partnership creates new job opportunities for the Enid and Grove areas of Oklahoma as well as in the Bentonville, Ft. Smith, and Stamps communities of Arkansas...

MissionIR would like to highlight AdCare Health Systems, Inc. (AMEX: ADK). AdCare Health Systems is a recognized innovator in senior living and health care facility management. AdCare develops, owns and manages assisted living facilities, nursing homes and retirement communities. Since its inception in 1988, AdCare's mission has been to provide the highest quality of healthcare services to the elderly.

In the company’s news:

AdCare Health Systems Inc. has established a partnership with Genesis Rehab Services (GRS), a provider of physical, occupational, speech and respiratory therapy services in the long-term care industry, expanding GRS’s presence in Oklahoma and Arkansas and creating new jobs opportunities.

AdCare currently manages 31 facilities, 23 of which are skilled nursing centers, seven assisted living facilities, and one independent senior living community. Effective Jan. 1, 2012, GRS will operate and staff 13 rehab gyms for AdCare, which develops, owns and manages nursing homes and assisted living facilities.

"Genesis Rehab Services has a solid reputation in the industry,” Judi Pritchard, vice president for Rehabilitation at AdCare stated in the press release. “We know that the investments they make in their staff, including their focus on continuing education and strong clinical support, will ensure that our patients and residents receive the best possible rehabilitation therapy services available."
GRS currently has more than 1,000 locations in 27 states and the District of Columbia, and anticipates steady growth in new and existing markets in 2012.

The partnership creates new job opportunities for the Enid and Grove areas of Oklahoma as well as in the Bentonville, Ft. Smith, and Stamps communities of Arkansas, where GRS is hiring licensed physical therapists, physical therapist assistants, occupational therapists, certified occupational therapy assistants, speech-language pathologists, and rehab managers across both states.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

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