AdCare Health Systems, Inc. Declares Quarterly Dividend on Series A Cumulative Redeemable Preferred Stock

AdCare Health Systems, Inc. Declares Quarterly Dividend on Series A Cumulative
                          Redeemable Preferred Stock

PR Newswire

ATLANTA, March 10, 2014

ATLANTA, March 10, 2014 /PRNewswire/ --AdCare Health Systems, Inc. (NYSE MKT:
ADK) (NYSE MKT: ADK.PRA) (the "Company" or "AdCare"), a leading long-term care
provider, today announced that its Board of Directors has declared a quarterly
cash dividend payment on the Company's 10.875% Series A Cumulative Redeemable
Preferred Stock ("Series A Preferred Stock"), accruing from January 1, 2014
through March 31, 2014.

The dividend on the Series A Preferred Stock will be payable on March 31, 2014
to holders of record at the close of business on March 21, 2014. The dividend
payment will be $0.68 per share, which is equivalent to an annualized 10.875%
per share of the $25.00 per share stated liquidation preference. The Series A
Preferred Stock is listed on the NYSE MKT LLC and trades under the symbol

About AdCare Health Systems, Inc.

AdCare Health Systems, Inc. is a recognized provider of senior living and
health care facility management. AdCare owns and manages long-term care
facilities and retirement communities, and since the company's inception in
1988, its mission has been to provide the highest quality of healthcare
services to the elderly through its operating subsidiaries, including a broad
range of skilled nursing and sub-acute care services. For more information
about AdCare, visit

Important Cautions Regarding Forward-Looking Statements

This press release includes statements that may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995, including with regard to the Company's future expectations and
prospects. Such forward-looking statements are subject to a variety of known
and unknown risks, uncertainties, and other factors that are difficult to
predict and many of which are beyond management's control. Factors that can
affect future results are discussed in the documents filed by the Company from
time to time with the Securities and Exchange Commission. Except where
required by law, the Company undertakes no obligation to update or revise any
forward-looking statement to reflect events or circumstances after the date of
this press release.

SOURCE AdCare Health Systems, Inc.

Contact: Boyd Gentry, CEO, AdCare Health Systems, Inc., +1-678-869-5116,; Investor Relations, Brett Maas, Hayden IR,
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