AdCare Health Systems to Acquire Skilled Nursing and Assisted Living Center in Ohio for $13.5M

AdCare Health Systems, Inc. ADK has signed a definitive agreement to purchase a skilled nursing and assisted living community in Ohio for $13.5 million. The community has 193 beds, and generates an estimated $12 million in gross annualized revenues according to its most recent financials. After the transaction closes as planned before the end of the year, AdCare expects the facilities to be immediately accretive to its earnings.