AdCare Health Systems to Acquire Two Alabama Nursing Homes for $18.5 Million
SPRINGFIELD, OH–(Marketwire – 03/10/10) – AdCare Health Systems, Inc. (AMEX: ADK – News ), an Ohio-based long-term care, home care and management company, has signed a definitive purchase agreement for two privately-held nursing homes in Alabama for $18.5 million. The facilities have a total of 312 beds and currently generate approximately $18 million in annualized revenue. The acquisitions …
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