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AdCare Health Systems, Inc. (ADK) is “One to Watch”

|Includes: Regional Health Properties, Inc. (RHE)

AdCare Health Systems, Inc. is a recognized innovator in senior living and health care facility management. AdCare focuses on developing and managing assisted living facilities, nursing homes and retirement communities. Since its inception in 1988, AdCare’s mission has been to provide the highest quality of healthcare services to the elderly.

Prior to becoming a publicly traded company in November of 2006, AdCare operated as a private company for 18 years in Ohio. The company’s 3,200 employees provide high-quality care for patients and residents residing in the 31 facilities that they manage, twenty-three of which are skilled nursing centers, seven assisted living facilities and one Independent senior living community. In addition, AdCare has lease agreements on eleven skilled nursing centers.

Earlier this month it was reported that Ladenburg Thalmann analysts initiated coverage on shares of Adcare, setting a “buy” rating and $7.50 price target on the stock. The stock is currently trading at $4.05 with a market cap of approximately $49 million. Combining its current annualized run-rate with transactions currently in the process of closing, AdCare’s estimated annualized revenue run-rate is anticipated to exceed $300 million.

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