AdCare Health Systems, Inc. owns, operates and manages skilled nursing facilities and assisted living facilities. The Company’s facilities provide a range of health care services to patients and residents, including, skilled nursing and assisted living services, social services, various therapy services, and other rehabilitative and healthcare services for both long-term residents and short-stay patients. It owns and operates around 22 facilities, leases and operates around six facilities, and manages approximately four facilities for third-parties. It manages around 32 facilities consisting of 29 skilled nursing facilities, two assisted living facilities and one independent living/senior housing facility totaling approximately 3,600 beds. It also leases around three owned and subleased five leased skilled nursing and rehabilitation facilities to local third-party operators in the states of Alabama and Georgia with the operational capacity of approximately 820 operational beds.
