SOURCE: AdCare Health Systems, Inc.

AdCare Health Systems, Inc.

September 19, 2011 08:30 ET

AdCare Health Systems to Present at JMP Securities 6th Annual Healthcare Conference on September 27, 2011

SPRINGFIELD, OH--(Marketwire - Sep 19, 2011) - AdCare Health Systems, Inc. (NYSE Amex: ADK), a leading provider of skilled nursing and assisted living for seniors, has been invited to present at the JMP Securities 6th Annual Healthcare Conference. The conference will be held at the St. Regis New York on September 27-28, 2011.

AdCare's CEO Boyd Gentry and its chief acquisition officer, Chris Brogdon, are scheduled to present on Tuesday, September 27, at 11:30 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/jmp14/adk 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 living, elderly nursing care and home health care services, and talk about the progress of AdCare's successful M&A program designed to build upon the company's ability to deliver high-quality care and strong operational efficiency.

Including the transactions AdCare has closed and is 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, and an increase of more than 969% over revenues in 2009 when it initiated its current M&A campaign.

For more information about the conference or to schedule a one-on-one meeting with AdCare management, please contact your JMP Securities sales representative or visit the conference Web site at www.jmpg.com/jmpsecurities/about/conferences.

About JMP Securities
JMP Securities, headquartered in San Francisco, CA, is a full-service investment bank that provides equity research, institutional brokerage and investment banking services to public and private growth companies and their investors. For more information, visit www.jmpg.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 that the company expect its annualized revenue run-rate to exceed an estimated $285 million, and this would represent an increase of more than 436% over the company's revenues in 2010, and an increase of more than 969% over revenues in 2009 when the company initiated its current M&A campaign, as well as statements regarding the signing and expected closing of the transaction and the transaction being accretive to the company's earnings. 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