Business NewsMarketWire • AdCare Health Systems Closes $2.1 Million Convertible Note Placement and Secures $1.4 Million Bridge Loan Financing

AdCare Health Systems Closes $2.1 Million Convertible Note Placement and Secures $1.4 Million Bridge Loan Financing

AdCare Health Systems Closes $2.1 Million Convertible Note Placement and Secures $1.4 Million Bridge Loan Financing

SPRINGFIELD, OH--(Marketwire - April 1, 2011) - AdCare Health Systems, Inc. (NYSE Amex: ADK), a leading skilled nursing and assisted living provider, held an initial closing of $2.1 million on a private placement of subordinated convertible notes due March 2014.

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