Health Systems, Inc. (AdCare) is a developer, owner and manager of
communities, assisted living facilities, nursing homes, and provider of
home health care services. The Company manages 29 facilities, comprised
of 20 skilled nursing centers, eight assisted living residences and one
independent living/senior housing facility, totaling over 2,400 units.
The Company operates in four segments: skilled nursing facilities
assisted living facilities (ALF), home health and management and
On March 31, 2010, Adcare acquired Community’s Hearth & Home. On
1, 2010, the Company acquired Attalla Health Care, and the operations
and selected assets of Coosa Valley Health Care. On January 1, 2011, it
acquired the operations of and selected assets of Mountain Trace. On
25, 2010, the Company through its wholly owned subsidiary, Riverchase
ADK, LLC, (Riverchase) acquired Riverchase Village.