Adcare Health says commenced new master lease of 9 Arkansas facilities

Wednesday, April 20, 2016

Adcare Health Systems provides company update.

Adcare Health Systems inc says engaged stifel as company's financial advisor to assist board of directors in reviewing strategic alternatives.

Adcare Health Systems says commenced a new master lease of company's nine arkansas facilities to affiliates of skyline healthcare llc on april 1, 2016.

Adcare Health Systems inc says received financing commitment from u.s. Hud, of approximately $3.7 million for one property located in south carolina.

Adcare Health Systems inc says expect to close on new financing in first half of 2016.

 

Source : reuters.com