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AdCare Health Systems, Inc.
AdCare Health Systems, Inc. Reports 2008 Third Quarter Earnings Results
December 5th, 2008
AdCare Health Systems, Inc. (NYSE:ADK), an Ohio based long term care, home health care and management company, reported financial results for the third quarter of 2008. Revenues for the quarter ended September 30, 2008 were $6,185,760 as compared to $5,906,326 for the same quarter in 2007, an increase of $279,434. The increase was mostly due to improved occupancy at the skilled nursing centers and increased rentals at the assisted living communities. The loss from continuing operations for the quarter ended September 30, 2008 was $664,449 as compared to a loss of $212,838 for the same quarter in 2007, an increase of $451,611. This increase in loss...
Source: Health Business Week (2008-12-05)
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