AdCare Health Systems (ADK) Reports Q1 Loss of $0.22/Share

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Go back to AdCare Health Systems (ADK) Reports Q1 Loss of $0.22/Share

AdCare Health Systems Reports First Quarter Results

May 14, 2015 4:01 PM EDT

ATLANTA, May 14, 2015 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) a recognized provider of senior living and healthcare facility management, today reported results for the first quarter ended March 31, 2015. The company also provided an update on its transition to a healthcare facilities holding and leasing company.

Transition HighlightsAs of May 14, 2015, the company has entered into agreements to lease, sublease, manage or sell 36 of its 40 healthcare facilities. With respect to these 36 healthcare facilities:

Twenty-five... More