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AdCare Health Systems, Inc. Continues To Be Profitable; Reports 2009 Second Quarter Earning Results
Date:8/14/2009

d June 30, 2008.

David A. Tenwick, Chairman of AdCare, stated that "I am extremely encouraged that the Company is moving in the right direction and profitability continues to improve despite the challenging economic environment." He continued, "The Company has made great strides in improving its financial performance. I am especially pleased with the improvement in income from Operations for the first six months of 2009, increasing to $931,286 from $154,801 for the same period last year. In addition, we continued to improve our working capital position by $815,324, since the end of last year with current assets now $275,302 more than current liabilities." He added that "AdCare is still seeking attractive acquisitions and business opportunities in the health care field that have the potential to expand our operations."

About AdCare Health Systems, Inc.

AdCare Health Systems, Inc. (Amex: ADK) develops, owns and manages assisted living facilities, nursing homes and retirement communities and provides home health care services. Prior to becoming a publicly traded company in November of 2006, AdCare operated as a private company for 18 years. AdCare's 900 employees provide high-quality care for patients and residents residing in the 14 facilities that they manage, six of which are assisted living facilities, six skilled nursing centers and two independent senior living communities. The Company has ownership interests in eight of those facilities. In the ever expanding marketplace of long term care, AdCare's mission is to provide quality healthcare services to the elderly.

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SOURCE AdCare Health Systems, Inc.
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