AdCare (ADK) Closes $8.2M Acquisition of Glenview Health and Rehabilitation

July 10, 2012 8:36 AM EDT
AdCare Health Systems, Inc. (AMEX: ADK), a leading long-term care provider, has completed the previously announced agreement to purchase a skilled nursing facility in Glennville, Georgia for $8.2 million.

The facility, Glenview Health and Rehabilitation, has 134 beds in service and generates an estimated $6.4 million in annualized gross revenues, according to their most recent financials. AdCare has financed the acquisition with a traditional bank loan.

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