AdCare Health Systems, Inc.
AdCare Health Systems, Inc. Reports Financial Results for 2006
Published in Healthcare Mergers, Acquisitions and Ventures Week, April 21st, 2007
Revenues for the year ended December 31, 2006 were $22,549,485 as compared to $21,900,360 in 2005, an increase of $649,125. The increase was due primarily to increases in patient rental fees, management fees and more home health care visits. The net loss attributable to common shareholders for the year ended December 31, 2006 was $2,441,217 as compared to $1,153,551 in 2005, an increase of 1,287,666. Of the loss in 2006, $1,134,000 is attributable to expenses related to issuance costs in connection with mezzanine...
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