Navigation Links
AdCare Health Systems Completes Private Placement to Fund Aggressive Growth Initiatives
Date:12/9/2009

SPRINGFIELD, Ohio, Dec. 9 /PRNewswire-FirstCall/ -- AdCare Health Systems, Inc. (NYSE AMEX: ADK), an Ohio based long term care, home care and management company, today reported that it completed a private placement of its securities.

The private placement raised $2.5 million in cash to fund the Company's growth initiatives, which include potential acquisitions of assisted living facilities and nursing homes as well as new management contracts.

"We are pleased that our shareholders voted to support the private placement and other issues at the special meeting of shareholders held a few days ago," said David A. Tenwick, Chairman of AdCare. "This is another important milestone in our strategy to continue and complement our organic growth with growth through acquisitions in a highly fragmented industry. AdCare has developed a strong reputation for operational efficiency and high quality living environments, and with the additional capital from the private placement, we plan to leverage these strengths to achieve our growth objectives."

The private placement was managed by Bathgate Capital Partners LLC, a full-service investment banking firm headquartered in the Denver suburb of Greenwood Village, Colorado. The placement consisted of Units priced at $2.00, with each unit consisting of one share of common stock and one five-year warrant to purchase an additional share of common stock at $2.50 per share. Bathgate Capital Partners placed a total of 1,400,000 Units, which raised $2.5 million in cash after commissions and expenses for the Company.

AdCare recently reported revenue of $19.9 million for the nine-month period ended September 30, 2009, up 9.4% from, revenue of $18.2 million in the same period a year ago. Net income increased to $443,000, a $1.2 million positive swing over the net loss of $745
'/>"/>

SOURCE AdCare Health Systems, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine news :

1. AdCare Health Systems, Inc. Reports Discontinuation of Definitive Merger Agreement with Family Home Health Services, Inc.
2. AdCare Health Systems, Inc. Announces 2007 Third Quarter Earnings Release and Conference Call Schedule
3. AdCare Announces the Refinancing of a Nursing Home in Ohio
4. AdCare Health Systems, Inc. Reports Financial Results for 2007
5. AdCare Health Systems, Inc. Announces the Refinancing of Three Assisted Living Properties in Ohio
6. AdCare Health Systems, Inc. Announces the Refinancing of a Nursing Home in Ohio
7. AdCare Health Systems, Inc. Acquires Remaining Ownership in Van Wert Assisted Living Property
8. AdCare Health Systems, Inc. Reports Financial Results for 2008
9. AdCare Health Systems, Inc. Turns Profitable; Reports 2009 First Quarter Earnings Results
10. AdCare Health Systems, Inc. Continues To Be Profitable; Reports 2009 Second Quarter Earning Results
11. AdCare Health Systems, Inc. Reports 2009 Third Quarter Earnings Results; Third Consecutive Profitable Quarter
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/26/2015)... Carey Danis & Lowe provides ... . The suit pertains to AndroGel, a testosterone gel ... late April 2015, and a court document relating to ... in mid-May.¹ , Testosterone gel lawsuits are being consolidated ... of Illinois. The multidistrict litigation (MDL) is In Re: ...
(Date:5/26/2015)... Nurse Association of Northern NJ (VNA), is proud to serve ... for Life fundraiser. The event takes place Saturday, June 6th ... Hanover Ave, Morristown, NJ. At the event, teams will take ... to help the ACS support its vision of “a world ... estimated that more than 1.6 million new cases of cancer ...
(Date:5/26/2015)... 27, 2015 The world of cosmetic ... ’s quest to remain on the cutting edge of ... the many new additions to plastic surgery and his ... surgical procedures, with emphasis on facelifts and mommy-makeovers all ... very user friendly and easy to navigate. The sites ...
(Date:5/26/2015)... May 26, 2015 In God’s Unstoppable ... her as she writes an unforgettable story of how ... her life. The first black student to desegregate Evangeline ... beaten by some students, treated harshly by a few ... motivating personal phone conversation with Dr. Martin Luther King, ...
(Date:5/26/2015)... (PRWEB) May 26, 2015 Beloved local Arizona ... sixty minutes or less drain clog guarantee or else its ... of which can be found here . What’s more, ... played no small part in the company’s rich legacy, and ... clog guarantee covers every drain clog imaginable. Whether it be ...
Breaking Medicine News(10 mins):Health News:Carey Danis & Lowe Comments on Recently Filed Testosterone Gel Lawsuit 2Health News:North Jersey Home Care Agency Supports Relay for Life Fundraiser 2Health News:Miguel Delgado, M.D. Launches Two New Plastic Surgery Websites 2Health News:Miguel Delgado, M.D. Launches Two New Plastic Surgery Websites 3Health News:Grace Sibley Releases Second Book, God's Unstoppable Favor 2Health News:Parker and Sons Offers Special, Sixty Minute Drain Clean Guarantee or Else It’s on Them 2
... Researchers have pinpointed the brain regions that enable people to ... fundamental aspects of self-awareness. The ability was traced to ... create a unified view of the body by combining different ... study published online June 16 in the journal Current ...
... Mozes HealthDay Reporter , THURSDAY, June 16 (HealthDay ... the minimum level recommended for weight-loss surgery may have better ... An analysis of data from nearly 1,000 patients revealed ... the federal guideline threshold of 35-plus experienced a 100 percent ...
... have narrowed jugular and azygos veinsand the value ... research, noted members of a Society of Interventional ... panel indicated that while specific parameters for a ... that type of study is the "mandatory goal" ...
... vomit in order to lose weight and the problem is ... of nearly 16,000 school pupils published online early, ahead of ... The findings have prompted researchers to issue a warning ... develop eating disorders and serious psychological problems, such as binge ...
... (June 15, 2011) An experimental vaccine developed by ... targets overactive antigens in highly aggressive brain tumors and ... to new data that was presented in a poster ... Society of Clinical Oncology. Patients with newly ...
... modeling of a powerful basic "decision circuit" in breast ... Reviews Cancer . The preliminary mathematical model is ... awarded to scientists at the Lombardi Comprehensive Cancer Center ... Virginia Tech and Fox Chase Cancer Center, to develop ...
Cached Medicine News:Health News:Scientists Pinpoint Parts of Brain That Help People Recognize Themselves 2Health News:Weight-Loss Surgery Helps Less Obese Patients: Study 2Health News:Weight-Loss Surgery Helps Less Obese Patients: Study 3Health News:SIR Foundation sets research priorities for minimally invasive treatments for MS patients 2Health News:SIR Foundation sets research priorities for minimally invasive treatments for MS patients 3Health News:Children as young as 10 vomit to lose weight, with highest rates in boys 2Health News:Latest data from Cedars-Sinai vaccine study supports immune targeting of brain tumors 2Health News:Latest data from Cedars-Sinai vaccine study supports immune targeting of brain tumors 3Health News:Roadmap published for dynamic mapping of estrogen signaling in breast cancer 2Health News:Roadmap published for dynamic mapping of estrogen signaling in breast cancer 3
(Date:5/26/2015)... , May 26, 2015  PAREXEL International Corporation (NASDAQ: ... presenting at the Goldman Sachs Healthcare Conference in Palos ... Chief Executive Officer, will be making a presentation on ... on Tuesday, June 9, 2015. A live ... "Investors" section of PAREXEL,s website at www.PAREXEL.com ...
(Date:5/26/2015)... -- Halyard Health, Inc. (NYSE: HYH ) today announced that ... present at the 2015 Morgan Stanley Leveraged Finance Conference in ... CDT on Thursday, June 4. A webcast of ... of the Halyard Health website at https://halyardhealth.investorroom.com/ and ... Halyard Health: Halyard Health (NYSE: HYH ) ...
(Date:5/26/2015)... May 26, 2015  BioSpecifics Technologies Corp. (NASDAQ: ... collagenase-based products marketed as XIAFLEX ® in the ... today that BioSpecifics, President, Tom Wegman , will ... Healthcare Conference.    The presentation will take ... ET in New York, NY . ...
Breaking Medicine Technology:PAREXEL International To Present At Goldman Sachs Healthcare Conference 2BioSpecifics Technologies Corp. to Present at the Jefferies 2015 Healthcare Conference 2
... 22, 2011 Luminex Corporation (Nasdaq: LMNX ... has been named one of the 25 Fastest-Growing Technology ... helps clinicians and researchers discover and pinpoint the cause ... genetic diseases and protect the public from bio-threats through ...
... 2011 CardioGenics Holdings Inc. (OTC Bulletin Board: ... notified by the Canadian Intellectual Property Office that its ... ultra-sensitive point-of-care immuno-analyzer, the QL Care™ Analyzer, has been ... issued in Canada, the European Union and Japan. A ...
Cached Medicine Technology:Luminex Corporation Ranked One of the 25 Fastest-Growing Technology Companies in America by Forbes for Third Consecutive Year 2Luminex Corporation Ranked One of the 25 Fastest-Growing Technology Companies in America by Forbes for Third Consecutive Year 3CardioGenics Granted Patent for 'Core Technology' of its QL Care™ Analyzer 2
... the highest level of protection available. ... protective eyewear. Consistent lens thickness ... Mfg supervised by Licensed and Board ... or exceed standards for optical clarity, ...
... This Flex Light Goggle has a unique ... of the face and brow for optimum ... allows multiple adjustments in, out, up and ... note: This Model is similar to the ...
A soft vinyl goggle with limited splash protection due to its contoured facial fit. With leaded side shields added for increased scatter radiation protection. The mask easily fits over existing glass...
... is constructed of extremely durable nylon that ... The molded wrap around feature provides ... to distribute weight evenly over the nose ... glass side shields. Also available with ...
Medicine Products: