AdCare Health Systems
AdCare Health Systems was a US-based for-profit operator that managed, developed, and acquired nursing homes, assisted living facilities, and retirement communities across multiple states, founded in 1988 and headquartered in Roswell, Georgia.
- Company typePrivate
- Founded1988
- HeadquartersRoswell, United States
- Headcount5,001–10,000
- GTM typeB2C
- OfferingServices
What AdCare Health Systems does
AdCare Health Systems was a for-profit US operator in the senior care facility sector, managing, developing, and acquiring nursing homes, assisted living facilities, and retirement communities as a multi-state portfolio. The company was founded in 1988 and headquartered in Roswell, Georgia, and was previously listed on NYSE Amex under the ticker ADK before being delisted. Reported headcount of 5,001-10,000 employees is consistent with a sizable multi-site operator spanning skilled nursing, assisted living, and retirement community service lines, with operations distributed across multiple US states.
The business model was a facility-based services operator: revenue was generated predominantly through resident fees, with a material share typically derived from Medicare and Medicaid reimbursements for skilled nursing services supplemented by private-pay resident fees in assisted living and retirement community settings. AdCare pursued growth through both greenfield development and acquisitions of existing facilities, funded in part by a series of seven documented capital raises between 2009 and 2015 totaling approximately $36 million. The company's marketing and customer acquisition was fundamentally local and referral-driven, anchored by the reputations of its individual facilities within their respective communities rather than national brand-led demand generation.
The publicly available evidence points to a deteriorating operating profile in the years immediately preceding and following its delisting. The final documented capital raise in April 2015 was materially smaller than the larger 2010 and 2012 rounds, and the corporate website is currently reduced to a CDN tracking pixel with no operational content, indicating either operational wind-down, a sale of the underlying facilities, or successor-entity transition. The disclosed leadership team includes CEO Boyd P. Gentry, Chairman David A. Tenwick, COO David Rubenstein, and CFO Ronald W. Fleming. No technology stack, proprietary software, or AI/ML capabilities are documented in the source data.
AdCare Health Systems firmographics
Firmographics- Name
- AdCare Health Systems
- Website
- https://adcarehealth.com
- Company type
- Private
- Founded year
- 1988
- Headcount range
- 5,001–10,000 employees
- Short description
- AdCare Health Systems was a US-based for-profit operator that managed, developed, and acquired nursing homes, assisted living facilities, and retirement communities across multiple states, founded in 1988 and headquartered in Roswell, Georgia.
- Ownership category
- akta.pro rank
AdCare Health Systems industry classification
Industry- Product category
- Skilled Nursing and Senior Living Services
- NAICS
- Assisted Living Facilities for the Elderly (623312), Nursing Care Facilities (Skilled Nursing Facilities) (623110), Continuing Care Retirement Communities (623311), Nursing and Residential Care Facilities (623), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233)
- SIC
- Services-Nursing & Personal Care Facilities (8050), Services-Skilled Nursing Care Facilities (8051)
- akta.pro primary industry
- Assisted Living with Enhanced Care / High-Acuity (Aging-in-Place) (HLADABAC)
- akta.pro secondary industries
- Long-Term Care Nursing Homes (Custodial LTC) (HLADADAB), Chronic Care & Complex Care Management (HSABAIAD), Adult Day Health Care (ADHC) / Medical Model Day Programs (HSABANAB)
Keywords
Where AdCare Health Systems is headquartered
LocationHeadquarters
- HQ city
- Roswell
- HQ country
- United States
- HQ region
- North America
Markets served
AdCare Health Systems business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales
AdCare Health Systems product offering
Product offeringCore offering
AdCare Health Systems manages, develops, and acquires nursing homes, assisted living facilities, and retirement communities in the United States. The company operates these facilities to deliver long-term residential care, skilled nursing, and senior living services to elderly residents and post-acute patients across its portfolio. Its headquarters is in Roswell, Georgia, and it historically grew through both greenfield development and acquisition of existing care facilities.
Differentiator
Problem solved
Functional benefit
Products and services
- Skilled Nursing Facility Operations
Companies that use AdCare Health Systems
Customer profileIdeal customer profiles2 records
AdCare Health Systems technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AdCare Health Systems partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights3 records
AdCare Health Systems competitors and assessment
Company assessmentBroad incumbents
- Encompass Health: Major post-acute and rehabilitation provider with skilled nursing and home health exposure. Larger incumbent with overlapping service categories to AdCare.
Direct peers
- Five Star Senior Living: Operates assisted living and senior living communities across the U.S., directly comparable to AdCare's assisted living and retirement community operations.
- Brookdale Senior Living: Largest U.S. operator of senior living communities, including assisted living and memory care. Direct competitor to AdCare in assisted living and continuing-care retirement operations.
- The Pennant Group: Provides senior living, home health, and hospice services across the U.S., overlapping with AdCare's senior care delivery model.
- Genesis HealthCare: One of the largest U.S. skilled nursing and rehabilitation providers. Direct peer in skilled nursing and assisted living operations.
- Capital Senior Living: Operator of senior living communities offering independent living, assisted living, and memory care services. Closely comparable service mix to AdCare.
- National HealthCare Corporation: Operates skilled nursing facilities, assisted living communities, and home care programs. Comparable to AdCare's mix of nursing homes, assisted living, and retirement services.
- Sonida Senior Living: Operates senior living communities across multiple U.S. states. Direct comparable in assisted living and retirement community operations.
- The Ensign Group: Operator of skilled nursing facilities and senior living services across the U.S., with a similar multi-segment post-acute and senior care model to AdCare.
Others
- American Healthcare REIT: REIT focused on senior housing, skilled nursing, and healthcare real estate. Adjacent to AdCare as a real estate capital provider and operator of senior housing assets.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
AdCare Health Systems social profiles
Digital presenceAdCare Health Systems financial estimates
Financial estimateRevenue estimate
Valuation estimate
AdCare Health Systems leadership team
Management profileNumber of profiles
Profiles4 records
AdCare Health Systems funding detail
Funding detailFunding overview
Funding rounds7 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AdCare Health Systems M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AdCare Health Systems
What does AdCare Health Systems do?
AdCare Health Systems manages, develops, and acquires nursing homes, assisted living facilities, and retirement communities in the United States. The company operates these facilities to deliver long-term residential care, skilled nursing, and senior living services to elderly residents and post-acute patients across its portfolio. Its headquarters is in Roswell, Georgia, and it historically grew through both greenfield development and acquisition of existing care facilities.
When was AdCare Health Systems founded?
AdCare Health Systems was founded in 1988. It employs 5,001 to 10,000 people.
Where is AdCare Health Systems based?
AdCare Health Systems is headquartered in Roswell, United States, in the North America region.
Who are AdCare Health Systems's main competitors?
Encompass Health is listed as a broad incumbent. Direct peers are Five Star Senior Living, Brookdale Senior Living, The Pennant Group, Genesis HealthCare, Capital Senior Living, National HealthCare Corporation, Sonida Senior Living and The Ensign Group. American Healthcare REIT is listed as an others.
Does AdCare Health Systems have an API?
No public API is recorded for AdCare Health Systems.
What industry is AdCare Health Systems in?
AdCare Health Systems's product category is Skilled Nursing and Senior Living Services. Its primary akta.pro industry code is HLADABAC, Assisted Living with Enhanced Care / High-Acuity (Aging-in-Place), with a secondary code of HLADADAB, Long-Term Care Nursing Homes (Custodial LTC). Its NAICS code is 623312 and its SIC code is 8050.