Atlanta, Georgia (PRWEB) March 01, 2012
MissionIR would like to highlight AdCare Health Systems, Inc. (NYSE AMEX: ADK). The company develops, owns, and manages nursing homes and assisted living facilities. AdCare currently operates in Alabama, Arkansas, Georgia, Missouri, North Carolina, Ohio, and Oklahoma.
In the company’s news earlier this week,
AdCare Health Systems, Inc. told investors that it will be presenting at the ROTH Capital Partners 24th Annual Conference. The conference will be held at The Ritz Carlton in Laguna Niguel, California, on March 12-14, 2012.
AdCare CEO Boyd Gentry and Chief Acquisition Officer Chris Brogdon are scheduled to present on Monday, March 12, 2012 at 12:00 p.m. Pacific time, and will have one-on-one meetings throughout the day. They will talk about the emerging opportunities in the highly fragmented health care segments of senior assisted living and elderly nursing care.
Mr. Gentry and Mr. Brogdon will also discuss the progress of AdCare’s M&A program designed to build upon its strong reputation for operational efficiency and high-quality living environments. With the recent acquisition of a skilled nursing and assisted living community in Ohio, plus 25 additional skilled nursing centers AdCare has signed and expects to acquire in the first half of 2012, the company’s annualized revenue run-rate is expected to exceed $355 million, which would represent an increase of 570% over revenues in 2010.
A replay will be available following the conference in the investor relations section of AdCare’s Web site at http://www.adcarehealth.com.
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