SOURCE: AdCare Health Systems, Inc.

AdCare Health Systems, Inc.

May 12, 2011 11:00 ET

AdCare Health Systems to Present at SEVEN, Noble Financial Capital Markets' Equity Conference on May 16, 2011

SPRINGFIELD, OH--(Marketwire - May 12, 2011) - AdCare Health Systems, Inc. (NYSE Amex: ADK), a leading skilled nursing and assisted living provider, has been invited to present at 'SEVEN,' Noble Financial Capital Markets' Seventh Annual Equity Conference. The conference will be held at the Hard Rock Hotel in Hollywood, Florida on May 16-17, 2011.

AdCare's Co-CEO Boyd Gentry and Chief Acquisition Officer Chris Brogdon are scheduled to present on Monday, May 16 at 11:30 a.m. Eastern time, with one-on-one meetings held throughout the day. The presentation will be webcast live via the Noble Financial websites at www.noble7.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 or are in the process of closing, the company expects its annualized revenue run-rate to exceed an $175 million, which would represent an increase of 229% over revenues in 2010.

To view the webcast, Noble recommends registering at least 10 minutes prior to the start of the presentation to ensure timely access. The SilverLight plug-in is required and available as a free download from the presentation link. The webcast will be available for replay at www.adcarehealth.com for 90 days following the event.

For more information about the conference or to schedule a one-on-one meeting with AdCare management, please contact your Noble Financial representative or visit www.noble7.com.

About Noble Financial
Noble Financial Capital Markets was established in 1984 and is an equity research driven, full-service investment banking boutique focused on small-cap, emerging growth companies. The company has offices in New York, Boston, New Jersey, St. Louis and Boca Raton. For more information, visit www.noblefcm.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.

Contact Information

  • Company Contacts
    Boyd Gentry
    Co-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