AdCare Health raises nearly $12M for nursing home acquisitions
Nursing home operation AdCare Health Systems Inc. (AMEX:ADK) has raised $11.8 million in debt to continue its aggressive acquisition strategy.
Nursing home operation AdCare Health Systems Inc. (AMEX:ADK) has raised $11.8 million in debt to continue its aggressive acquisition strategy.
Nursing homes operation AdCare Health Systems Inc. (NYSE Amex: ADK) has closed a $6 million equity sale that it plans to use to fund acquisitions. The long-term care provider sold 1.7 million shares at a price of $3.50 each to raise the sum, according to a statement from AdCare. AdCare netted $5.4 million from the […]
A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.
Publicly traded Adcare Health Systems Inc., which owns and operates nursing homes and assisted-living facilities, has raised $2.5 million to fund future acquisitions.