SOURCE: AdCare Health Systems

AdCare Health Systems

January 05, 2011 08:31 ET

AdCare Health Systems to Present at the Sidoti Semiannual Micro-Cap Conference on January 10, 2011

SPRINGFIELD, OH--(Marketwire - January 5, 2011) - AdCare Health Systems, Inc. (NYSE Amex: ADK), an Ohio-based long-term care, home care and management company, has been invited to present at the Sidoti Semiannual Micro-Cap Conference to be held at the Grand Hyatt Hotel in New York on January 10, 2011.

AdCare management is scheduled to present on Monday, January 10 at 2:10 p.m. Eastern time, with one-on-one meetings held throughout the day. AdCare will discuss the emerging opportunities in the highly fragmented health care segments of senior assisted living, elderly nursing care and home health care services.

The company will also talk about its M&A program designed to build upon its strong reputation for operational efficiency and high-quality living environments. With the recent acquisition of the Mountain Trace Nursing Center, plus three additional skilled nursing centers AdCare expects to close in the first quarter of 2011, AdCare's estimated annualized revenue run-rate exceeds $140 million, representing an increase of more than 424% over annual revenues of $26.7 million in 2009.

For more information about the conference or to schedule a one-on-one meeting with AdCare management, please contact Lynn Orenstein at lorenstein@sidoti.com or visit the conference website at http://microcap.sidoti.com.

About Sidoti & Company, LLC
Founded in 1999, Sidoti & Company, LLC is Wall Street's preeminent provider of equity research focused on undiscovered, profitable companies at a market capitalization of less than $3 billion. The firm is also quickly becoming the leading provider of research in the micro-cap arena, covering more than 50 names in this sector. For more information, visit www.sidoti.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 such statements are not forward-looking. Statements in this announcement that are forward-looking include, but are not limited to, the expectation that when combined with other transactions closed earlier this year, AdCare's estimated annualized revenue run-rate would exceed $140 million with the close of Mountain Trace and three nursing homes expected to close in the first quarter of 2011. Such forward-looking statements reflect management's beliefs and assumptions and are based on information currently available to management. The forward-looking statements involve known and unknown risks, results, performance or achievements of the Company to differ materially from those expressed or implied in such statements. Such factors are identified in the public filings made by the Company with the Securities and Exchange Commission and include the Company'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.

Contact Information

  • Company Contacts
    David A. Tenwick, Chairman
    Chris Brogdon, Vice Chairman & CAO
    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