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

------- ---------- ---------- Income (Loss) from Operations 498,414 (286,567) 1,429,701 (131,766) ------- -------- --------- -------- Other Income (Expense): Interest income 520 6,381 2,926 20,609 Interest expense, others (292,364) (352,931) (886,311) (972,641) Interest expense, related parties (489) (14,598) (1,717) (43,044) Other expense (1,622) - (50,946) - ------ ------- ------- ------- (293,955) (361,148) (936,048) (995,076) -------- -------- -------- -------- Gain on Acquisition - - - 413,954 ------ ------- ------- ------- Income (Loss) Before Income Taxes 204,459 (647,715) 493,653 (712,888) Income Tax Expense (10,641) (10,641) (31,925) (31,925) ------- ------- ------- ------- Net Income (Loss) 193,818 (658,356) 461,728 (744,813) Net (Income) Loss Attributable to Noncontrolling Interests 6,199 (6,093) (18,796) (35,782) ----- ------ ------- ------- Net Income (Loss) Attributable to AdCare Health Systems $200,017 $(664,449) $442,932 $(780,595) ======== ======== ======== ======== Net Income (Loss) Per Share, Basic: $0.05 $(0.18) $0.12 $(0.21) ===== ====== ===== ====== Net Income (Loss) Per Sha
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SOURCE AdCare Health Systems, Inc.
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