Attached files
file | filename |
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8-K - 8-K - REGIONAL HEALTH PROPERTIES, INC | a12-8133_18k.htm |
EX-5.1 - EX-5.1 - REGIONAL HEALTH PROPERTIES, INC | a12-8133_1ex5d1.htm |
EX-1.1 - EX-1.1 - REGIONAL HEALTH PROPERTIES, INC | a12-8133_1ex1d1.htm |
EX-99.2 - EX-99.2 - REGIONAL HEALTH PROPERTIES, INC | a12-8133_1ex99d2.htm |
Exhibit 99.1
AdCare Health Systems Announces Proposed Public Offering of Common Stock
SPRINGFIELD, OH, (Marketwire - March 26, 2012) AdCare Health Systems, Inc. (NYSE Amex: ADK) today announced that it will file a preliminary prospectus supplement to a shelf registration statement previously filed with the Securities and Exchange Commission relating to a proposed public offering of shares of AdCares common stock in an underwritten public offering.
Noble Financial Capital Markets is acting as the lead underwriter for the offering.
The offering will be made pursuant to AdCares existing effective shelf registration statement that was previously filed with the Securities and Exchange Commission and declared effective on June 27, 2011. The offering of these securities will be made only by means of a prospectus and a related prospectus supplement. Copies of the prospectus and the prospectus supplement may be obtained from Noble Financial Capital Markets, 951 Yamato Road, Suite 210, Boca Raton, Florida 33431, telephone: (561) 994-1191. These securities may not be sold nor may offers to buy be accepted prior to the time that the prospectus supplement is final.
This press release does not constitute an offer to sell or the solicitation of an offer to buy shares of common stock, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute forward-looking statements with regard to the securities offering. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. No assurance is given as to whether or when the securities offering discussed above may be completed, or as to the actual size or terms of such securities offering. Completion of the securities offering on the terms described are subject to numerous conditions, many of which are beyond the control of AdCare, including, without limitation, general economic conditions, market conditions, regulatory changes that could adversely affect the business of AdCare, and other factors, including those set forth in the Risk Factors section of AdCares periodic reports filed with the Securities and Exchange Commission, copies of which are available on its website, www.sec.gov. AdCare undertakes no obligation to update these statements for revisions or changes after the date of this release.
About AdCare Health Systems
AdCare Health Systems, Inc. is a recognized innovator in senior living and health care facility management. AdCare develops, owns and manages long-term care facilities and retirement communities, and since the companys inception in 1988, its mission has been to provide the highest quality of healthcare services to the elderly, including a broad
range of skilled nursing and sub-acute care services. For more information about AdCare, visit www.adcarehealth.com.
Company Contacts
Boyd Gentry, CEO
Chris Brogdon, Vice Chairman & CAO
David A. Tenwick, Chairman of Board
AdCare Health Systems, Inc.
Tel (937) 964-8974
info@adcarehealth.com
Investor Relations
Ron Both or Geoffrey Plank
Liolios Group, Inc.
Tel (949) 574-3860
info@liolios.com