SOURCE: AdCare Health Systems, Inc.

AdCare Health Systems, Inc.

October 03, 2011 08:31 ET

AdCare Health Systems to Present at Imperial Capital 5th Annual Global Opportunities Conference on October 6, 2011

SPRINGFIELD, OH--(Marketwire - Oct 3, 2011) - AdCare Health Systems, Inc. (NYSE Amex: ADK), a nursing home and assisted living company, has been invited to present at the Imperial Capital 5th Annual Global Opportunities Conference. The conference will be held at the Grand Hyatt New York on October 5-6, 2011.

AdCare's CEO Boyd Gentry and its chief acquisition officer, Chris Brogdon, are scheduled to present on Thursday, October 6, at 10:20 a.m. Eastern time, with one-on-one meetings held throughout the day. The presentation will be webcast live and available for replay via www.wsw.com/webcast/imperial8 and the investor relations section of the company's website at www.adcarehealth.com.

AdCare management will discuss the emerging opportunities in the highly fragmented health care segments of senior assisted living, elderly nursing care and home health care services, and talk about the progress of AdCare's M&A program designed to build upon the company's strong reputation for operational efficiency and high-quality living environments.

Including the transactions AdCare has closed and in the process of closing, the company expects its annualized revenue run-rate to exceed $285 million, which would represent an increase of 436% over revenues in 2010.

For more information about the conference or to schedule a one-on-one meeting with AdCare management, please contact your Imperial Capital representative or visit the conference Web site at www.imperial-goc.com/2011/default.php.

About Imperial Capital
Imperial Capital, founded in 1997, is a full-service investment banking firm with offices in Los Angeles, New York, San Francisco, Minneapolis, Boston, and Chicago. The firm currently employs over 185 professionals and offers a wide range of proprietary products and services to institutional investors, middle market companies, and private equity firms. Imperial Capital provides institutional clients research and sales and trading of high yield and distressed debt securities, bank debt, convertible bonds, preferred stocks, and equities. The firm provides middle market companies and financial sponsors with capital markets, merger and acquisitions, capital structure, restructuring and recapitalization advisory services. More information about Imperial Capital can be found at www.imperialcapital.com.

About AdCare Health Systems
AdCare Health Systems, Inc. (NYSE Amex: ADK) 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, as well as provides home health care services. Since its inception in 1988, AdCare's mission has been to provide the highest quality of healthcare services to the elderly. For more information about AdCare, visit www.adcarehealth.com.

Important Cautions Regarding Forward-Looking Statements
Statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of federal law. Such statements can be identified by the use of forward-looking terminology, such as "believes," "expects," "plans," "intends," "anticipates" and variations of such words or similar expressions, but their absence does not mean that the statement is not forward-looking. Statements in this announcement that are forward-looking include, but are not limited to, statements about the company's expected annualized revenue run-rate. Such forward-looking statements reflect management's beliefs and assumptions and are based on information currently available to management, and involve known and unknown risks, results, performance or achievements of AdCare which may differ materially from those expressed or implied in such statements. Such factors are identified in the public filings made by AdCare with the SEC and include, among others, AdCare's ability to secure lines of credit and/or an acquisition credit facility, find suitable acquisition properties at favorable terms, changes in the health care industry because of political and economic influences, changes in regulations governing the industry, changes in reimbursement levels including those under the Medicare and Medicaid programs and changes in the competitive marketplace. There can be no assurance that such factors or other factors will not affect the accuracy of such forward-looking statements. Except where required by law, AdCare undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release.

Contact Information

  • Company Contacts
    Boyd Gentry, CEO
    Chris Brogdon, Vice Chairman & CAO
    David A. Tenwick, Chairman of Board
    AdCare Health Systems, Inc.
    Tel (937) 964-8974
    Email Contact

    Investor Relations
    Ron Both or Geoffrey Plank
    Liolios Group, Inc.
    Tel (949) 574-3860
    Email Contact