SOURCE: AdCare Health Systems, Inc.

AdCare Health Systems, Inc.

February 28, 2012 08:32 ET

AdCare Health Systems to Present at the ROTH Capital Partners 24th Annual Conference on March 12, 2012

SPRINGFIELD, OH--(Marketwire - Feb 28, 2012) - AdCare Health Systems, Inc. (NYSE Amex: ADK), a nursing home and assisted living company, has been invited to present at 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, with one-on-one meetings held throughout the day. They will discuss the emerging opportunities in the highly fragmented health care segments of senior assisted living and elderly nursing care.

The company will also talk about 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.

Management's presentation will be webcast live via http://wsw.com/webcast/roth26/adk/, and available for replay following the conference in the investor relations section of AdCare's Web site at www.adcarehealth.com.

For more information about the conference or to schedule a one-on-one meeting with AdCare management, please contact your ROTH representative at +1-800-933-6830 or conference@roth.com.

About ROTH Capital Partners
ROTH Capital Partners, LLC is a relationship-driven investment bank focused on identifying opportunities for institutional investors in U.S.-listed equity securities of companies based in the U.S. and China. Headquartered in Newport Beach, CA, with offices throughout the U.S., Hong Kong and a Shanghai Representative Office, the employee-owned firm provides analytical research, trading, capital raising, and business combination advisory services. ROTH seeks to implement innovative financing strategies to efficiently meet the liquidity and valuation requirements of both its corporate and institutional investor clients. For more information, go to www.roth.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. 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 and statements regarding the expected closing of transactions. 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 Securities and Exchange Commission 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