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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Apr. 18, 4:44 PM

Slide #21. AdCare Health Systems, Inc. Secondary Offering

Company: AdCare Health Systems, Inc. (AMEX:ADK)
Date announced: 4/8/2015
Security type: 10.875% Series A Cumulative Redeemable Preferred Stock (ADK.PRA)
Shares Offered: 575,000
Date of Pricing: 4/9/2015
Price Per Share: $25.75
Secondary Offering Details: AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) (the "Company") today announced that it has commenced an underwritten public offering of up to 400,000 shares of its 10.875% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock"). The Company's currently outstanding Series A Preferred Stock is listed on the NYSE MKT under the symbol "ADK.PRA," and the Company has filed an application to list the shares of the Series A Preferred Stock to be sold in the offering on the NYSE MKT under the same symbol. The Company intends to use the net proceeds from the offering to repay certain indebtedness and for general corporate purposes, which may include the repayment of other debt or the funding of potential acquisitions. - updated 4/9 - AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) (the "Company") announced today that it has priced an underwritten public offering of up to 575,000 shares of its 10.875% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") at a public offering price of $25.75 per share. The closing of the offering is scheduled for April 13, 2015, subject to customary closing conditions. The Company's currently outstanding Series A Preferred Stock is listed on the NYSE MKT under the symbol "ADK.PRA", and the Company has filed an application to list the shares of the Series A Preferred Stock to be sold in the offering on the NYSE MKT under the same symbol. The Company intends to use the net proceeds from the offering to repay certain indebtedness and for general corporate purposes, which may include the repayment of other debt or the funding of potential acquisitions.

AdCare Health Systems, through its subsidiaries, owns and manages skilled nursing facilities and assisted living facilities in the states of Alabama, Arkansas, Georgia, Missouri, North Carolina, Ohio, Oklahoma, and South Carolina. As of Dec 31 2013, Co., through its wholly owned separate operating subsidiaries, operates and manages 46 facilities comprised of 43 skilled nursing facilities, two assisted living facilities and one independent living/senior housing facility. Co.'s facilities provide a range of health care services to patients and residents, including nursing and assisted living services, social services, various therapy services, and other rehabilitative and healthcare services.

Preferred: ADK.PRA


Open the ADK Page at The Online Investor »

Company Name:  AdCare Health Systems, Inc.
Website:  www.adcarehealth.com
Sector:  Hospital & Medical Practitioners
Number of ETFs Holding ADK:  1
Total Market Value Held by ETFs:  $187128
Total Market Capitalization:  $80.00M
% of Market Cap. Held by ETFs:  0.23%
 

Open the ADK Page at The Online Investor (in a new window) »

April 18, 2015    4:44 PM Eastern
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Strong Buy (4.00 out of 4)
98th percentile
(ranked higher than approx. 98% of all stocks covered)
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