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AdCare changes its business model

Jul. 23, 2014 5:44 PM ETRegional Health Properties, Inc. (RHE) StockRHEBy: Douglas W. House, SA News Editor
  • Citing the inability to maximize shareholder value with its owner/operator business model, AdCare Health Systems (ADK +5.9%) plans to transition to a healthcare property holding and leasing model so it can improve its cash flow and start paying a dividend. The company has scheduled a special meeting of shareholders for October 14, 2014 to obtain their approval for certain of the leasing transactions.

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