Preferred Stock Offerings
By Ru Back Packer Staff, updated Thursday, February 1, 3:05 AM
Slide #376. AdCare Health Systems, Inc. — Preferred Stock Offering
||AdCare Health Systems, Inc. (AMEX:ADK)
|Date of Pricing:
|Price Per Share:
|Preferred Stock Offering Details:
||AdCare Health Systems, Inc. announced today that it has commenced an underwritten public offering of a new series of its preferred stock, to be designated as its 10.875% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock"). The Company has filed an application to list the Series A Preferred Stock on the NYSE MKT.
AdCare Health Systems, through its subsidiaries, is a self-managed real estate investment company that invests primarily in real estate purposed for long-term care and senior living. Co.'s business primarily consists of leasing and subleasing such facilities to third-party tenants, which operate the facilities. As of Dec 31 2016, Co. owned, leased, or managed for third parties 29 facilities primarily in the Southeast. Co.'s facilities provide a range of healthcare and related services to patients and residents, including skilled nursing and assisted living services, social services, and other rehabilitative and healthcare services for both long-term and short-stay patients and residents.
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