AdCare Health Systems, Inc. (ADK)
|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
AdCare's independent campuses provide freedom in your retirement years to achieve personal goals.
Through its Hearth & Home® design, AdCare created a place where your individual spirit is nourished.
AdCare takes great pride in the superior care and services provided in our nursing homes.
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.
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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.
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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.
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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.
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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.
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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.
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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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