Georgia-Based AdCare Health Systems Closes Acquisition Of Three Skilled Nursing Facilities

Circle Connections: Mergers & Acquisitions AdCare Health Systems, Inc., a long-term care provider, today announced it has completed the previously announced agreement to purchase three skilled nursing facilities for $13.5 million. The facilities include:> Sumter Valley Nursing and Rehab Center in Sumter, South Carolina, a 96-bed facility, generating an estimated $6.7 million in annualized gross revenues, according to their most recent financials> Georgetown Healthcare and Rehabilitation in Georgetown, South Carolina, an 84-bed facility, generating an estimated $3.8 million in annualized gross revenues> Northwest Nursing Center in Northwest Oklahoma, a 88-bed . . .