Navigation Links
AdCare Health Systems, Inc. Reports 2009 Third Quarter Earnings Results; Third Consecutive Profitable Quarter
Date:11/16/2009

sic and diluted net income per share for the nine-months ended September 30, 2009 was $0.12 as compared to a basic and diluted net loss per share of ($0.21) for the same nine-months period ended September 30, 2008, an improvement of $0.33 per share.

David A. Tenwick, Chairman of AdCare, stated that "all the hard work since becoming a public company is starting to pay off with three consecutive profitable quarters. We have been able to increase revenues and occupancy at several of our facilities, control expenses in this difficult economic environment; and at the same time, maintain our commitment to be the provider of choice in the areas we serve by providing quality care." He continued, "Our financial performance continues to improve with income from operations for the first nine months of 2009, increasing to $1,429,701 from a loss of $131,766 for the same period last year. In addition, we continued to improve our working capital position by $919,020, since the end of 2008 with current assets now $378,998 more than current liabilities." He added that "AdCare is now focusing on acquisition opportunities in the health care field that will expand our operations, and is confident that Chris Brogdon, recently appointed Chief Acquisition Officer, will be able to accelerate this expansion through his efforts to locate and assist in funding selective acquisitions of nursing homes and assisted living facilities."

On November 10, 2009, AdCare refinanced its 30-unit assisted living facility located in Van Wert, Ohio. AdCare was the developer and is the owner and manager of the property. Red Mortgage Capital, Inc., as FHA/LEAN lender, processed and funded the total $2,181,200 Section 232/223(f) refinancing at an annual interest rate of 5.1% for a period of 35 years. The Company now has long term, fixed rate HUD financing in place on all eight properties in which the Company has ownership interests.

About AdCare Health Systems, Inc.


'/>"/>
SOURCE AdCare Health Systems, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10

Related medicine news :

1. AdCare Health Systems, Inc. Continues To Be Profitable; Reports 2009 Second Quarter Earning Results
2. AdCare Health Systems, Inc. Turns Profitable; Reports 2009 First Quarter Earnings Results
3. AdCare Health Systems, Inc. Reports Financial Results for 2008
4. AdCare Health Systems, Inc. Acquires Remaining Ownership in Van Wert Assisted Living Property
5. AdCare Health Systems, Inc. Announces the Refinancing of a Nursing Home in Ohio
6. AdCare Health Systems, Inc. Announces the Refinancing of Three Assisted Living Properties in Ohio
7. AdCare Health Systems, Inc. Reports Financial Results for 2007
8. AdCare Announces the Refinancing of a Nursing Home in Ohio
9. AdCare Health Systems, Inc. Announces 2007 Third Quarter Earnings Release and Conference Call Schedule
10. AdCare Health Systems, Inc. Reports Discontinuation of Definitive Merger Agreement with Family Home Health Services, Inc.
11. Department of Health Updates H1N1 Vaccine Distribution Effort, Reminds At-Risk Residents of Upcoming Vaccination Clinics
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/23/2014)... July 23, 2014 Obtaining insurance information ... the average consumer. The Quotes Pros company is launching ... 50 states this year to make research faster at ... issuing the rates information are actual agencies that specialize ... inside the U.S. An advantage to adults who use ...
(Date:7/23/2014)... and young adults living near Sellafield or Dounreay since ... developing cancer according to research published in the ... from the Childhood Cancer Research Group at the University ... between 1963 and 2006 among those who were under ... No difference was found in cancer incidence from 1991-2006 ...
(Date:7/23/2014)... FL (PRWEB) July 23, 2014 In ... place Aug. 10-16, Millennium Treatment Group is providing tips ... has existed in society ever since man first figured ... Substance abuse treatment has existed since shortly thereafter. Its ... a problem and then developing a way to combat ...
(Date:7/23/2014)... Randy Dotinga HealthDay Reporter ... powerful drug combo may not be as effective against ... human cells suggests that one of the medications might ... study,s findings aren,t definitive, and there,s still hope for ... lumacaftor, according to the study,s senior author. "The ...
(Date:7/23/2014)... NJ (PRWEB) July 23, 2014 Celebrating ... for New Jersey today announced the awarding of $1,070,000 ... a special award in recognition of the Foundation’s 1,000th ... proud to continue our tradition of supporting community-based organizations ... the quality of life in the Garden State,” said ...
Breaking Medicine News(10 mins):Health News:Term Life Insurance Prices for All 50 States Now Explored at Insurer Website 2Health News:Millennium Treatment Group Offers Tips on Choosing a Reputable Treatment Center 2Health News:Millennium Treatment Group Offers Tips on Choosing a Reputable Treatment Center 3Health News:Cystic Fibrosis Drug Combo May Be Less Effective Than Hoped 2Health News:Cystic Fibrosis Drug Combo May Be Less Effective Than Hoped 3Health News:The Horizon Foundation for New Jersey Awards More than $1 million in Grants to 20 Non-profit Organizations 2Health News:The Horizon Foundation for New Jersey Awards More than $1 million in Grants to 20 Non-profit Organizations 3Health News:The Horizon Foundation for New Jersey Awards More than $1 million in Grants to 20 Non-profit Organizations 4Health News:The Horizon Foundation for New Jersey Awards More than $1 million in Grants to 20 Non-profit Organizations 5
... to tackle issue , , THURSDAY, March 26 (HealthDay ... to be tainted with traces of medications and common ... Environmental Protection Agency and Baylor University. , The common ... antidepressants were among the seven types of pharmaceuticals found ...
... Criteria include added section on hospital care and advice ... 26 (HealthDay News) -- New guidelines for treatment of ... Association and the American College of Cardiology, with a ... condition and also on the treatment of blacks. , ...
... - A one-of-a-kind graduate program that focuses on the ... at The University of Texas M. D. Anderson Cancer ... The University of Texas System. , The Graduate Program ... on understanding and attacking the spread of cancer from ...
... This release is available in French . ... Africa increases, so does the need for improved review of ... work on increasing the quality of research, we should also ... established National Bioethics Committee of Gabon, which was established with ...
... Contender, Nate "The Great" Marquardt, Joins the Growing List of ... , ... Denver, CO (PRWEB) March ... title contender, Nate "The Great" Marquardt, recently underwent successful PRK ...
... annually, according to Millennium Research GroupWALTHAM, Mass., March ... US Markets for Large-Joint Reconstructive Implants 2009 ... segment of the large-joint reconstructive implant market through ... of over 25%. Hip resurfacing is championed ...
Cached Medicine News:Health News:Fish in U.S. Rivers Tainted With Common Medications 2Health News:New Guidelines for Treating Heart Failure 2Health News:New Guidelines for Treating Heart Failure 3Health News:M. D. Anderson launches graduate program in cancer metastasis 2Health News:Gabon establishes national ethics committee 2Health News:Ultimate Fighting Championship Title Contender Joins the List of Professional Athletes Choosing Denver's Icon LASIK for Laser Vision Correction 2Health News:Ultimate Fighting Championship Title Contender Joins the List of Professional Athletes Choosing Denver's Icon LASIK for Laser Vision Correction 3Health News:Hip Resurfacing Championed as a Bone-Preserving Alternative to Total Hip Replacement 2Health News:Hip Resurfacing Championed as a Bone-Preserving Alternative to Total Hip Replacement 3
(Date:7/23/2014)... , July 23, 2014 On ... ("Plaintiff") filed suit in the 116 th ... Texas , against RegenLab USA, LLC ... and Prospective Business Relationships through false and ... and, Business Disparagement through libel, disparagement, ...
(Date:7/23/2014)... 2014 Research and Markets   ... Electrophysiology Ablation Catheters Market 2014-2018" report to ... Catheter ablation is a minimally ... electrical pathways from sections of the heart that ... arrhythmias). Cardiac arrhythmias can be of several types, ...
(Date:7/23/2014)... Top Staten Island Pediatrician Dr. Michael Gabriel ... discusses tips for parents about pool safety for children. ... to US News article, "Drowning is the leading ... 1 to 4, and can occur in as little as ... article says that watching a child in the water every ...
Breaking Medicine Technology:Global Electrophysiology Ablation Catheters Market 2014-2018: Key Vendors are Boston Scientific, Johnson & Johnson, Medtronic and St. Jude Medical 2Global Electrophysiology Ablation Catheters Market 2014-2018: Key Vendors are Boston Scientific, Johnson & Johnson, Medtronic and St. Jude Medical 3Premier Staten Island Pediatrician Dr. Michael Gabriel Comments On Article Discussing Pool Safety Tips for Parents 2
... Ill., April 1, 2011 Hospira ... of clinical information and medication delivery technologies, today announced ... system , used by hospitals to help improve patient ... (HAIs). The enhanced TheraDoc system includes new features and ...
... & Dempsey is launching Accountable Care Forum - ... analysis of the emerging accountable care organization (ACO) landscape. ... Centers for Medicare & Medicaid Services (CMS). ... reform legislation affecting physicians and hospitals across the United ...
Cached Medicine Technology:Hospira Launches Enhanced TheraDoc™ Clinical Surveillance System to Support Patient Safety and Help Improve Care 2Hospira Launches Enhanced TheraDoc™ Clinical Surveillance System to Support Patient Safety and Help Improve Care 3Online Forum for Accountable Care Organization Developments Launches Today; Squire Sanders Sponsorship Reflects Commitment to Leadership in Emerging Health Policy Debate 2
... Variable cutting speeds (guillotine movements) are ... when switched off, thus minimizing tissue trauma. ... action, or both can be combined together. ... uni or bi-manual techniques. Lightweight autoclavable hand-pieces ...
...
...
LASIK Retreatment Forceps - Also available in Titanium...
Medicine Products: