AdCare Health Systems, Inc.

AdCare Health Systems, Inc. Reports Financial Results for 2008

Published in Hospital Business Week, April 19th, 2009

AdCare Health Systems, Inc. (NYSE AMEX: ADK), an Ohio based long term care, home care and management company reported financial results for its year ending December 31, 2008.

Revenues for the year ended December 31, 2008 were $24,793,294 as compared to $23,667,756 in 2007, an increase of $1,125,538 or 4.8%. The improvement was primarily due to increased rental charges at the Company's assisted living and skilled nursing facilities, maintaining occupancy levels and the acquisition of the New Lincoln Lodge, a long term care facility located in Columbus, Ohio which also resulted in a gain of approximately $414,000.

The loss from continuing operations...

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Source: Hospital Business Week (2009-04-19)

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