SOURCE: AdCare Health Systems, Inc.
ATLANTA, GA--(Marketwire - Sep 17, 2012) - AdCare Health Systems, Inc. (NYSE MKT: ADK), a leading long-term care provider, announced that on September 14, 2012 it filed a resale registration statement on Form S-3 with the Securities and Exchange Commission. The registration statement, which has not yet been declared effective by the Securities and Exchange Commission, relates to the resale of the shares of common stock issuable upon the conversion of AdCare's 8% Subordinated Convertible Notes and the exercise of certain warrants held by the selling shareholders named in the registration statement. The 8% Subordinated Convertible Notes were issued in a private placement which closed on July 2, 2012.
AdCare will not sell any securities pursuant to the registration statement and will not receive any proceeds from any resale by the selling shareholders of the shares of common stock covered by the registration statement.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Any offers of the securities will be made only by means of a prospectus. The securities may not be sold until the registration statement filed with the Securities and Exchange Commission is declared effective.
About AdCare Health Systems
AdCare Health Systems, Inc. (NYSE MKT: ADK) is a recognized leading provider of senior living and health care facility management. AdCare owns and manages long-term care facilities and retirement communities, and since the company's inception in 1988, its mission has been to provide the highest quality of healthcare services to the elderly, including a broad range of skilled nursing and sub-acute care services. For more information about AdCare, visit www.adcarehealth.com.