President and CEO of AdCare Health Systems Featured in Exclusive Interview with MissionIR

Share Article

AdCare executive provides his personal insight; anticipates rapid growth to continue

We have a number of acquisitions in the pipeline and expect by the end of this year to at least double again.

MissionIR would like to highlight AdCare Health Systems, Inc. (NYSE Amex: ADK). AdCare Health Systems is an expanding national leader in the development, ownership, and management of assisted living facilities, skilled nursing and retirement communities. The company's 3,600 employees provide high-quality care for patients and residents residing in the 44 facilities that it operates.

In the company’s news yesterday,

MissionIR announced that its interview with Boyd Gentry, the president and chief executive officer of AdCare Health Systems, is now available online. The complete interview can be heard at http://adk.missionir.com/adk/interview.html.

Mr. Gentry discussed the company’s rapid growth, its aggressive M&A program, and acquisitions that are on the horizon for 2012, which are projected to increase the company’s revenue run rate by more than 500% over 2010. Mr. Gentry additionally provided an overview of the company’s business model and discussed the background of the company’s executive team, including recent additions of new talent. Mr. Gentry emphasized AdCare’s tremendous growth, which is singular among its competitors in these challenging economic times.

“We’re the only long-term care company that is aggressively acquiring these smaller, regionally focused, privately held, nursing home operators,” Mr. Gentry stated. “Typically, these acquisition targets are not focused on the more complex, but more profitable sub-acute segment of the business. AdCare is able to build upon the solid custodial care reputations of these smaller operators by expanding their clinical capabilities and post-acute services. Our revenues grew four-fold in 2010, and then last year we doubled to a run rate of $200 million. We have a number of acquisitions in the pipeline and expect by the end of this year to at least double again.”

About MissionIR

MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.

To sign up for The MissionIR Report, please visit http://MissionIR.com

To connect with MissionIR via Facebook, please visit http://Facebook.com/MissionIR

To connect with MissionIR via Twitter, please visit http://Twitter.com/MissionIR

Please read FULL disclaimer on the MissionIR website: http://Disclaimer.MissionIR.com

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.

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

MissionIR Communications
Visit website