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

ooking statements reflect management's beliefs and assumptions and are based on information currently available to management. The forward-looking statements involve known and unknown risks, results, performance or achievements of the Company to differ materially from those expressed or implied in such statements. Such factors are identified in the public filings made by the Company with the Securities and Exchange Commission and include the Company's ability to secure lines of credit and/or an acquisition credit facility, find suitable acquisition properties at favorable terms, changes in the health care industry because of political and economic influences, changes in regulations governing the industry, changes in reimbursement levels including those under the Medicare and Medicaid programs and changes in the competitive marketplace. There can be no assurance that such factors or other factors will not affect the accuracy of such forward-looking statements.

www.adcarehealth.com

                       ADCARE HEALTH SYSTEMS, INC. AND SUBSIDIARIES
                              CONSOLIDATED BALANCE SHEET

                                                   June 30,     December 31,
                                                     2009          2008
                                                     ----          ----
                           ASSETS                (Unaudited)
                           ------
    Current Assets:
    Cash                                         $1,808,604    $1,266,315
    Accounts receivable:
      Long-term care resident receivables, net    1,965,901     2,008,847
      Management, consulting and development
       receivables, net                             167,900       258,811
      Advances and receivables from affiliates       16,407        17,635
    Prepaid e
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SOURCE  AdCare Health Systems, Inc.
Copyright©2009 PR Newswire.
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