AdCare Health Systems, Inc.
AdCare Health Systems, Inc. Reports 2007 First Quarter Earnings Results
Published in Hospital and Nursing Home Week, May 31st, 2007
Revenues for the quarter ended March 31st, 2007 were $5,824,348 as compared to $5,395,606 for the same quarter in 2006, an increase of $428,742, or 7.9%. Most of the increase was due to better occupancy at our assisted living communities and increased utilization of our home health services.
The loss before discontinued operation for the quarter ended March 31st, 2007 was $124,206 as compared to a loss of $661,530 for the first quarter ended March 31st, 2006, an improvement of $537,324, or...
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