NEW YORK, Feb. 22 /PRNewswire-FirstCall/ -- AdCare Health Systems, Inc. (AMEX:ADK) an Ohio based company announced today the engagement of a New York investor relations firm Booke and Company, Inc. Booke and Company through the years has represented a number of Fortune 500 and emerging growth companies by providing full service investor relations to its clients. "We are pleased to be representing and providing investor relations services to AdCare. With a strong and experienced management team in long term and health care services, we look forward to working with them." David A. Tenwick, AdCare Health's Chairman of the Board, stated, "We are pleased to have attracted such a high quality firm like Booke and Company to direct and advise us with our comprehensive financial investor plan. We are committed to creating meaningful shareholder value by growing our business combined with proactive communication within the financial marketplace." 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.
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, Inc.
CONTACT: David Tenwick, Chairman of the Board of AdCare Health Systems, Inc., +1-937-964-8974, or Web site: http://www.adcarehealth.com/
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