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Adcare Health Systems (ADK)

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Last Post: 1/31/2017 10:28:06 PM - Followers: 1 - Board type: Free - Posts Today: 0

AdCare Health Systems, Inc. (ADK)

News Releases
SEC Filings

Share Structure

Market Value $51,235,076 a/o Dec 22, 2011
Shares Outstanding 12,169,852 a/o Sep 30, 2011

AdCare Health Systems, Inc. is an expanding national leader in the development, ownership, and management of assisted living facilities, nursing homes and retirement communities. The company's 3,200 employees provide high-quality care for patients and residents residing in the 42 facilities that it operates with a total of approximately 3,700 beds/units in service.

As a result of better health management and treatments allowing people to live longer, the Census Bureau projects that the population aged 85 and over could grow from 5.7 million in 2008 to 19 million by 2050. AdCare has been successfully pursuing an aggressive M&A growth strategy to bolster its portfolio during a depressed economic climate to capitalize on the imminent demand for senior care over the coming decades.

The fragmented skilled nursing market presents significant consolidation and acquisition opportunities to well-established providers like AdCare. With approximately 16,000 facilities currently in operation, no single provider has a market share of more than a few percent. Leveraging its seasoned senior management team's substantial senior living, healthcare, and real estate industry experience, the company is focused on advancing its strategic business plan to operate a much larger enterprise.

Since inception, AdCare's mission has been to provide the highest quality healthcare services to the elderly. With nine straight years of record revenue growth, the company has proven its ability to deliver high-quality care and strong operational efficiency. AdCare is well positioned to continue growing rapidly, both organically and via acquisitions, as industry trends and burgeoning opportunities across the U.S. increase the demand for long-term care.

Key Investment Highlights

  • Aggressive M&A Growth Strategy to Capitalize on Expanding $226 Billion Market
  • Ladenburg Thalmann Analysts Recently Issued "Buy" Rating and $7.50 Price Target
  • More than 25% of Outstanding Shares Owned by Management Team
  • Well Established with Nine Straight Years of Record Revenue Growth

Facility Types

Independent Living
AdCare's independent campuses provide freedom in your retirement years to achieve personal goals.

Assisted Living
Through its Hearth & Home® design, AdCare created a place where your individual spirit is nourished.

Skilled Nursing
AdCare takes great pride in the superior care and services provided in our nursing homes.

Dementia Care
Special programs for residents with dementia. Providing the highest possible quality of life and care.

Complete Facility List
AdCare manages a number of senior living facilities. View the complete list.


Management Team

David A. Tenwick

David A. Tenwick


With extensive experience in mergers, acquisitions and raising capital, David specializes in corporate leadership and building companies from the ground floor up. In 1991, he formed Passport Retirement, a long term care company, which acquired AdCare Health Systems, Inc., in 1995. David received his BBA and JD degrees from the University of Cincinnati.

Boyd P. Gentry

Boyd P. Gentry

Chief Executive Officer

Boyd is a seasoned healthcare executive who brings more than 25 years of experience to AdCare. He has extensive experience and knowledge in acquisition and divestiture pursuits as well as financing and capital markets activities. Boyd received his Bachelors of Arts in Economics from Knox College in Galesburg, Illinois, and earned his MBA in Finance and Accounting from Southern Methodist University in Dallas, Texas.

David A. Tenwick

Chris Brogdon

Chief Acquisition Officer/Vice Chairman

Chris is a veteran industry executive with more than 20 years of experience in the nursing home, assisted living and retirement community industry. He has an exemplary record in building shareholder value through a combination of acquisitions and organic initiatives. Chris attended Georgia State University in Atlanta, Georgia.

Martin D. Brew

Martin D. Brew

Chief Financial Officer

Martin is an accomplished finance and healthcare industry executive who brings more than 29 years of experience to AdCare. He adds a wealth of capital expertise, post-acquisition integration and financial management experience in the senior care industry. Martin received his Bachelor of Science in Business from Indiana University, and is a member of the Georgia Society of Certified Public Accountants and the American Institute of Certified Public Accountants.

Jacob J. Ferro, Jr.

Jacob J. "Jay" Ferro, Jr.

Senior Vice President, Chief Information Officer

Jay is a proven senior IT executive with expertise in revitalizing organizations, building high performing teams and growing shareholder value through successful delivery of technology. He joined AdCare in 2011 with 20 years of experience, including very successful careers with AIG and Mariner Health Care. Jay earned both his Bachelor of Arts in Political Science and his MBA from the University of Georgia.

Carol Groeber

Carol Groeber

Vice President, Secretary

Carol provides guidance in Human Resources for all divisions of the company and coordinates all aspects of AdCare's wide area network and information systems to ensure their alignment with company business objectives. Her background in accounting, business operations, human resources and systems affords her the expertise to establish and train new clients, assist in development projects, play an active role in Corporate Compliance and serve as Corporate Secretary.       

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#56   This stock really held it's ground today and mncowboy61 01/31/17 10:28:06 PM
#55   This stock really held it's ground today and mncowboy61 01/31/17 10:24:23 PM
#54   Lets get moving no reason for dips should msj2389 03/08/13 11:08:31 AM
#53   Only will go higher with todays growing number msj2389 03/08/13 11:07:38 AM
#52   Great stock play msj2389 03/08/13 11:06:58 AM
#51   Dividend paid hell yeah msj2389 10/23/12 08:50:40 PM
#50   Can see this easily slapping the 10$ mark msj2389 10/04/12 02:25:09 PM
#49   Senior assistance is a multi billion dollar industry msj2389 10/04/12 02:24:34 PM
#48   Probably the best stock with high potential msj2389 10/04/12 02:24:09 PM
#47   52 wk high and still moving msj2389 10/04/12 02:22:51 PM
#46   New nursing facility great news! msj2389 10/01/12 09:00:12 AM
#45   New nursing facility awesome news msj2389 10/01/12 08:59:32 AM
#44   On there website there is investor relations number msj2389 09/27/12 01:41:39 PM
#43   Whos the current CFO and best telephone geo7 09/24/12 02:59:42 PM
#42   Buyers be warned!! Huge potential for growth msj2389 09/24/12 02:25:41 AM
#41   This is a HOT stock! msj2389 09/18/12 10:16:38 PM
#40   Adk selling shares for shareholder, pps boom! msj2389 09/18/12 08:28:07 AM
#39   Moving up past 52wk high today msj2389 09/17/12 09:20:40 AM
#38   Moving almost to 52 wk high msj2389 09/14/12 12:38:32 PM
#37   The stock dividend is great news!!! 5% for msj2389 09/14/12 12:02:39 PM
#36   Breakout board? msj2389 09/14/12 12:00:00 PM
#35   Lets start the fire!! msj2389 09/14/12 11:59:49 AM
#34   Lets work on making this stock known! msj2389 09/14/12 11:57:52 AM
#33   Why is there no hype, one of the msj2389 09/14/12 11:57:30 AM
#32   Dividend announced 5% msj2389 09/14/12 11:52:40 AM
#31   Hopefully easy 10-15$ by end of year msj2389 09/14/12 11:52:04 AM
#30   Great stock can see it being the next ADHC msj2389 09/14/12 11:51:31 AM
#29   ADK Closes Previously Announced Public Offering of Common Stock MissionIR 03/30/12 01:46:05 PM
#28   ADK is Successful with Diverse Property Portfolio MissionIR 03/29/12 10:07:06 AM
#27   Firms Line Up Behind ADK MissionIR 03/22/12 09:25:05 AM
#26   ADK Continues Aggressive M&A Campaign; Acquires Two Skilled MissionIR 03/15/12 01:21:45 PM
#25   ADK Management Discusses Record Financial Results MissionIR 03/12/12 02:39:59 PM
#24   ADK Announces Record Fourth Quarter and Full Year MissionIR 03/09/12 09:11:00 AM
#23   Seeking Alpha Publishes Article Featuring ADK MissionIR 03/07/12 08:47:40 AM
#22   ADK Announces Upcoming Fourth Quarter and Full Year MissionIR 03/05/12 08:50:24 AM
#21   ADK Announces Upcoming Presentation at the ROTH Capital MissionIR 02/28/12 08:51:08 AM
#20   ADK Draws Additional Attention MissionIR 02/22/12 01:01:23 PM
#19   ADK Continues Fast Growth MissionIR 02/22/12 01:00:50 PM
#18   ADK Refined Strategy Driving Rapid Growth MissionIR 02/22/12 01:00:31 PM
#17   ADK Announces Upcoming Presentation at the UBS 22nd MissionIR 02/06/12 01:49:52 PM
#16   MissionIR Interviews President and CEO of Adcare Health MissionIR 02/02/12 10:41:35 AM
#15   ADK Gets Green Light from Stonegate MissionIR 01/30/12 12:22:32 PM
#14   The Two Sided Growth Strategy of ADK MissionIR 01/23/12 11:55:37 AM
#13   ADK closed yesterday's trading at $4.31, up 0.49%, MissionIR 01/20/12 08:21:01 AM
#12   ADK to Present at the Noble 8th Annual MissionIR 01/17/12 08:40:16 AM
#11   ADK Invited to Present at the Noble 8th MissionIR 01/11/12 01:32:42 PM
#10   ADK Executes Purchase Agreement for Three Skilled Nursing MissionIR 01/06/12 08:58:23 AM
#9   Stonegate Securities 20-page ADK Company Report MissionIR 01/05/12 02:03:05 PM
#8   ADK Announces Acquisition of Skilled Nursing and Assisted MissionIR 01/03/12 08:50:39 AM
#7   SeekingAlpha: Tracking the Illusive Gold Nugget Stock: AdCare MissionIR 12/29/11 12:03:13 PM