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AdCare Health Systems to Present at the Noble Financial 2010 Equity Conference on June 8, 2010

^{Published on 2010-06-03 05:11:02 - Market Wire}
 

SPRINGFIELD, OH--(Marketwire - June 3, 2010) - AdCare Health Systems, Inc. (NYSE Amex: [ ADK ]), an Ohio-based long-term care, home care and management company, has been invited to present at the 2010 Noble Financial Equity Conference to be held at the Hard Rock Hotel in Hollywood, Florida on June 7-8, 2010.

AdCare Chairman Dave Tenwick and Vice Chairman Chris Brogdon are scheduled to present on Tuesday, June 8 at 8:00 a.m. Eastern time, with one-on-one meetings held throughout the day. The presentation will be webcast live via the Noble Financial websites at [ www.ontrack10.com ] or [ www.nobleresearch.com ].

AdCare management will discuss the emerging opportunities in the highly fragmented health care segments of senior assisted living, elderly nursing care and home health care services, and talk about the progress of AdCare's M&A program initiated last fall, designed to build upon the company's strong reputation for operational efficiency and high-quality living environments.

Upon the successful completion of three previously announced transactions expected to close around July 1, AdCare expects its annual revenue run-rate to increase about 200% over fiscal 2009 to approximately $80 million. 2009 represented the company's eight consecutive year of record revenue growth and first profitable year as a public company.

To view the webcast, Noble recommends registering at least 10 minutes prior to the start of the presentation to ensure timely access. The SilverLight plug-in is required and available as a free download from the presentation link.

For more information about the conference or to schedule a one-on-one meeting with AdCare management, please contact your Noble Financial representative or visit the conference website at [ www.ontrack10.com ].

About Noble Financial
Noble Financial Capital Markets was established in 1984 and is an equity research driven, full-service investment banking boutique focused on small-cap, emerging growth companies. The company has offices in New York, Boston, New Jersey, St. Louis and Boca Raton.

About AdCare Health Systems
AdCare Health Systems, Inc. (NYSE Amex: [ ADK ]) develops, owns and manages assisted living facilities, nursing homes and retirement communities and provides home healthcare services. Prior to becoming a publicly traded company in November of 2006, AdCare operated as a private company for 18 years. AdCare's 900 employees provide high-quality care, management services and other services for patients and residents residing in 19 facilities, seven of which are assisted living facilities, 11 skilled nursing centers and one independent senior living community. The company owns eight of those facilities. In the ever-expanding marketplace of long-term care, AdCare's mission is to provide quality healthcare services to the elderly. For more information about AdCare, visit [ www.adcarehealth.com ].

Safe Harbor Statement
Statements contained in this press release that are not historical facts may be forward-looking statements within the meaning of federal law. Such forward-looking statements reflect management's beliefs and assumptions and are based on information currently available to management. This includes statements such as upon the successful completion of three transactions expected to close around July 1 that AdCare expects its annual revenue run-rate to increase about 200% over revenues in 2009 to approximately $80 million. Such forward-looking statements involve known and unknown risks, results, performance or achievements of the company which may differ materially from those expressed or implied in such statements. Such factors are identified in the public filings made by the company with the Securities and Exchange Commission and include the company's ability to secure lines of credit and/or an acquisition credit facility, find suitable acquisition properties at favorable terms, changes in the health care industry because of political and economic influences, changes in regulations governing the industry, changes in reimbursement levels including those under the Medicare and Medicaid programs and changes in the competitive marketplace. There can be no assurance that such factors or other factors will not affect the accuracy of such forward-looking statements.