AdCare Health Systems

Regional Health Properties names interim CEO, CFO as legacy issues remain

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Regional Health Properties named an interim CEO and interim chief financial officer after the third quarter ended and created a Strategic Finance Committee that will advise both of them as the self-managed healthcare real estate investment company addresses legacy issues and plots a course for its future.

AdCare Health Systems is now Regional Health Properties

AdCare Health Systems is now known as Regional Health Properties following a series of previously planned actions.

AdCare reorganization vote slated for Sept. 20

AdCare reorganization vote slated for Sept. 20

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Shareholders will vote Sept. 20 on a proposed reorganization after which AdCare Health Systems would be known as Regional Health Properties, Allan Rimland, the self-managed real estate investment company's president, CEO and chief financial officer, told participants in a second-quarter earnings call Monday.

AdCare fires CEO for lying about his credentials

AdCare fires CEO for lying about his credentials

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AdCare Health Systems fired its CEO and chairman of the board, William McBride III, on Monday after an internal investigation revealed that he had lied about his educational background, the company said in a filing with the Securities and Exchange Commission.

AdCare may change name to Regional Health Properties

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AdCare Health Systems may change its name to Regional Health Properties under a reorganization to be considered at a special meeting of shareholders in the second quarter, the company announced March 24 in conjunction with its fourth quarter earnings call.

AdCare prepares compliance plan for NYSE listing

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AdCare Health Systems has formulated a plan to get back into the good graces of the New York Stock Exchange, company officials told those participating in a first quarter 2016 earnings call on Tuesday.

AdCare faces possible stock exchange delisting

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AdCare Health Systems faces potential delisting from the NYSE MKT stock exchange, the company shared in an April 22 filing with the Securities and Exchange Commission.

AdCare board changes follow Brogdon fraud charges

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Healthcare real estate investment company AdCare Health Systems is not a defendant in the case against one of its former directors, but the company has changed board terms in the wake of the charges.

SEC charges senior living exec with fraud, freezes assets

SEC charges senior living exec with fraud, freezes assets

An Atlanta-based businessman amassed nearly $190 million through municipal bond and private placement offerings in which investors purportedly earned interest from revenues generated by the assisted living community, nursing home or other retirement housing projects supported by their investment, according to the Securities and Exchange Commission.

AdCare shifts business plan

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AdCare Health Systems plans to divest its senior living properties and become a holding company, the firm announced.

In Focus

May 16

Bringing in the outdoors

Hollidaysburg, PA 

Garvey Manor and Our Lady of the Alleghenies Residence continuing care retirement community recently hosted an outdoor show, "Marching into the Woods."

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