SOURCE: AdCare Health Systems, Inc.
ATLANTA, GA--(Marketwire - Aug 28, 2012) - AdCare Health Systems, Inc. (NYSE MKT: ADK), a leading long-term care provider, has been invited to present at the 2012 Gateway Conference being held on September 6 at the W San Francisco Hotel.
AdCare CEO Boyd Gentry and CFO Martin Brew are scheduled to present at 12:00 p.m. Pacific time, with one-on-one meetings held throughout the day. Management will discuss the company's progress, including its successful and ongoing M&A growth strategy designed to build upon the company's ability to deliver high-quality care and strong operational efficiency.
With the acquisition of seven skilled nursing facilities AdCare has signed and expects to complete in the next several months, the company's annualized revenue run-rate is expected to exceed $280 million, representing an increase of more than 84% over revenues in 2011.
The presentation will also be webcast live at www.gateway-conference.com, under the Presenting Companies tab.
For additional information or to schedule a one-on-one meeting with AdCare management, please visit www.gateway-conference.com and click on the Register/Login tab. You may also email your request to firstname.lastname@example.org or call Ron Both at (949) 574-3860.
About the Gateway Conference
Gateway Conference is designed to provide a unique gateway between influential members of the investment community and a select group of compelling publicly-traded companies. Portfolio managers, research analysts and brokers from buy-side and sell-side institutions will have the opportunity to learn about more than 50 emerging growth companies across a broad range of industries, from technology, business services and digital media, to clean-tech, consumer/retail, life sciences and natural resources. For more information, go to www.gateway-conference.com.
The invitation-only conference is hosted by Liolios Group, one of the nation's top investor relations agencies, and sponsored by leading firms that service the financial community. For more information about Liolios Group, visit www.liolios.com.
About AdCare Health Systems
AdCare Health Systems, Inc. (NYSE MKT: ADK) is a recognized innovator in 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.
Important Cautions Regarding Forward-Looking Statements
Statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of federal law. Such statements can be identified by the use of forward-looking terminology, such as "believes," "expects," "plans," "intends," "anticipates" and variations of such words or similar expressions, but their absence does not mean that the statement is not forward-looking. Statements in this announcement that are forward-looking include, but are not limited to, statements regarding the signing and closing of expected acquisitions, and the company's expected annualized run-rate. Such forward-looking statements reflect management's beliefs and assumptions and are based upon information currently available to management and involve known and unknown risks, results, performance or achievements of AdCare, which may differ materially from those expressed or implied in such statements. Such factors are identified in the public filings made by AdCare with the Securities and Exchange Commission and include, among others, AdCare's ability to secure lines of credit and/or an acquisition credit facility, find suitable acquisition properties at favorable terms, changes in the health care industry because of political and economic influences, changes in regulations governing the health care industry, changes in reimbursement levels including those under the Medicare and Medicaid programs and changes in the competitive marketplace. There can be no assurance that such factors or other factors will not affect the accuracy of such forward-looking statements. Except where required by law, AdCare undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release.
In addition, each facility mentioned in this press release is operated by a separate, wholly owned, independent operating subsidiary that has its own management, employees and assets. References to the consolidated company and its assets and activities, as well as the use of terms such as "we," "us," "our," and similar verbiage, is not meant to imply that AdCare Health Systems, Inc. has direct operating assets, employees or revenue or that any of the facilities, the home health business or other related businesses are operated by the same entity.