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AdCare Health Systems Closes Acquisition of Four Skilled Nursing Facilities in Arkansas

press release

AdCare Health Systems Closes Acquisition of Four Skilled Nursing Facilities in Arkansas


 

SPRINGFIELD, OH, Sep 08, 2011 (MARKETWIRE via COMTEX) -- AdCare Health Systems, Inc. /quotes/zigman/1474622 ADK +0.90% , a
nursing home and assisted living company, has closed the previously announced
asset purchase of four skilled nursing facilities in Arkansas, with the
acquisition from the same seller of a 10-year lease for one skilled nursing
facility in Missouri expected to close within the next 90 days. The aggregate
purchase price of the five skilled nursing facilities is $20 million.

 

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