SPRINGFIELD, Ohio, Oct. 16 /PRNewswire-FirstCall/ -- AdCare Health Systems (AMEX:ADK), is pleased to announce that its home health care agency, Assured Health Care, a Medicare Certified, Joint-Commissioned agency, has been named one of the top tier Health Care Agencies on the 2007 Home Care Elite list. This prestigious review, published by Seattle-based OCS (Outcome Concept Systems) is an annual compilation of the most successful Medicare-certified homecare providers in the U.S.
Assured Health Care, which offers nursing, therapy and aide services, is among the top 25% of those agencies ranked as the best in the nation, according to OCS's triple-tier criteria of exemplary quality care, quality improvement, and financial performance.
Assured Health Care, which was acquired by AdCare Health Systems in 2005 as part of its plan to expand its health care operations, has, according to AdCare Chairman, David A. Tenwick, " ... sustained an outstanding performance that reflects our goals of providing the very highest standards of healthcare services to our growing communities of customers. Obviously, we are greatly honored and encouraged by this prestigious recognition of the progress and achievements our employees are making." About AdCare Health Systems, Inc.
AdCare Health Systems, Inc. (AMEX:ADK) develops, owns and manages assisted living facilities, nursing homes and retirement communities and provides home health care services. Prior to becoming a publicly traded company in November of 2006, AdCare operated as a private company for 18 years. AdCare's 850 employees provide high-quality care for patients and residents residing in the 15 facilities that they manage, seven of which are assisted living facilities, six skilled nursing centers and two independent senior living communities. The Company has ownership interests in seven of those facilities. In the ever expanding marketplace of long term care, AdCare's mission is to provide quality healthcare services to the elderly.
Investor Relations website: http://www.b2i.us/irpass.asp?BzID=1540&to=ea&s=0 Safe Harbor Statement Statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of federal law. Such forward-looking 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. DATASOURCE: AdCare Health Systems CONTACT: David Tenwick, Chairman of the Board of AdCare Health Systems, +1-937-964-8974, Web site: http://www.adcarehealth.com/ http://www.b2i.us/irpass.asp?BzID=1540&to=ea&s=0
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