AdCare Health Systems (ADK) Reports Q3 Loss of $0.32

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Go back to AdCare Health Systems (ADK) Reports Q3 Loss of $0.32

AdCare Reports Third Quarter Results

November 12, 2015 7:05 AM EST

ATLANTA, Nov. 12, 2015 /PRNewswire/ -- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), a self-managed healthcare real estate investment company that invests primarily in real estate purposed for senior living and long-term healthcare, today reported results for the third quarter ended September 30, 2015.

Business Highlights

The company signed a non-binding letter of intent to purchase a skilled nursing facility with 55 operational beds in Florida for approximately $4.8 million, net of reserves. The purchase is expected to... More