ATLANTA, Jan. 2, 2014 /PRNewswire/-- AdCare Health Systems, Inc. (NYSE MKT: ADK) (NYSE MKT: ADK.PRA) (the "Company" or "AdCare"), announced today that it has filed with the Securities and Exchange Commission a resale Registration Statement on Form S-1 and a Post-Effective Amendment on Form S-1 to certain previously filed resale registration statements. Neither the Registration Statement nor the Post-Effective Amendment has yet been declared effective by the Securities and Exchange Commission. The Registration Statement and the Post-Effective Amendment relate to the resale of shares of common stock issuable upon the conversion of AdCare's Subordinated Convertible Notes and the exercise of certain warrants held by the selling shareholders named therein. The Subordinated Convertible Notes and the warrants are not newly issued, having been issued in prior transactions.
AdCare will not sell any securities pursuant to the registration statement and will not receive any proceeds from any resale by the selling shareholders of the shares of common stock covered by the registration statement.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Any offers of the securities will be made only by means of a prospectus. The securities may not be sold until the Registration Statement and the Post-Effective Amendment filed with the Securities and Exchange Commission are declared effective.
About AdCare Health Systems, Inc.
AdCare Health Systems, Inc. is a recognized provider of senior living and health care facility management. AdCare owns and manages long-term care facilities and retirement communities, and since the company's inception in 1988, its mission has been to provide the highest quality of healthcare services to the elderly through its operating subsidiaries, including a broad range of skilled nursing and sub-acute care services. For more information about AdCare, visit www.adcarehealth.com.
Important Cautions Regarding Forward-Looking Statements
This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including with regard to the Company's future expectations and prospects. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. Factors that can affect future results are discussed in the documents filed by the Company from time to time with the Securities and Exchange Commission. Except where required by law, the Company undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date of this press release.
CONTACT: Company Contacts, Boyd Gentry, CEO, AdCare Health Systems, Inc., Tel (678) 869-5116, email@example.com, or Investor Relations, Brett Maas, Managing Partner, Hayden IR, Tel (646) 536-7331, firstname.lastname@example.org
SOURCE AdCare Health Systems, Inc.