BNET Industries

Market Cap:$8.5M
Last Fiscal Year Sales:$18.2M
  • Public
  • US
Dow Jones Description

Retirement Communities, Assisted Living Facilities, Nursing Homes, & Home Health Care Services Owner & Mgr

Chief Executive Officer, President
Gary Wade
Number of Employees 850
Contact Information

5057 Troy Road

Springfield, Ohio 45502

www.adcarehealt...

1 937 964 8974

NAICS Code Nursing Care Facilities: 623110

Recent Events

  • AdCare Health Systems Names Chris Brogdon Vice Chairman And Chief Acquisitions Officer - Quick Facts

    9/24/09 - Board Member - Entering - View Story

  • AdCare Health Systems Q2 Profit Increases - Quick Facts

    8/14/09 - Financial Announcement - View Story

  • AdCare Health Systems, Inc. Turns Profitable; Reports 2009 First Quarter Earnings Results

    5/18/09 - Financial Announcement - View Story

Decision Makers

Name (plus bio) Position
Gary Wade Chief Executive Officer, President
J Williams Chief Operating Office, Executive Vice President
Scott Cunningham Chief Financial Officer
Sharon Reynolds Senior Vice President, Nursing Home Operations
Jackie Potter Vice President of Human Resources
Kim Henry Vice President

Board of Directors

Name (plus bio) Position
David A. Tenwick Chairman
Jeffrey Levine Board of Directors
Laurence Sturtz Board of Directors
Philip Radcliffe Board of Directors

Known throughout his profession as a man of "impeccable integrity", Gary has worked in the health care industry since 1969. He earned his undergraduate degree at Ohio University and his MBA in Hospital and Health Care Administration from Xavier University. Under his leadership, AdCare has recruited professionals who are among the best and the brightest in their field.

Organization Position Status
AdCare Health Systems Inc Chief Executive Officer, President Current
AdCare Health Systems Inc Board of Directors Current
Xavier University Mba Former
Ohio University Undergraduate Degree Former

Mike directs the operations for all of AdCare's facilities and is involved in project development. He earned his Bachelor of Science from Bowling Green State University, his MBA from Central Michigan University and a Doctorate of Business from U.S. Open University. Mike's extensive experience in health care management is put to use in every facility AdCare manages.

Organization Position Status
AdCare Health Systems Inc Chief Operating Office, Executive Vice President Current
AdCare Health Systems Inc Board of Directors Current
Open University Doctorate of Business Former
Central Michigan University Mba Former
Bowling Green State University Bachelor of Science Former

Appointed Chief Financial Officer in August of 2004, Scott has been a member of the AdCare team since 1992, when he was hired to be the Director of Business Services at a nursing home managed by AdCare. He became Corporate Controller in 1997 and Treasurer in 1998. Scott is a graduate of Wright State University with a Bachelor of Science Degree in Accounting and Finance.

Organization Position Status
AdCare Health Systems Inc Chief Financial Officer Current
AdCare Health Systems Inc Corporate Controller Former
Wright State University Bachelor of Science Degree In Accounting and Finance. Former

Sharon has directed the development and implementation of numerous specialized programs such as a subacute nursing and rehabilitation program for technologically dependent children, pulmonary rehabilitation and ventilator management programs, a comprehensive rehabilitation program specializing in neurological and orthopedic impairment and a subacute nursing program for patients with complex medical conditions. Ms. Reynolds is a graduate of Franklin University where she earned her MBA. She has had several articles published and has been a speaker at a number of National Conventions.

Organization Position Status
AdCare Health Systems Inc Senior Vice President, Nursing Home Operations Current
Franklin University MBA Former

Jacqueline has provided guidance in all areas of the Human Resource arena for both the private and public sectors. Specific areas of proficiency include: boosting employee moral, providing compliance with state and federal labor laws, developing performance measurement tools, analyzing job descriptions, coordinating worker's compensation management, and implementing personnel-related policies and procedures. Jackie is a graduate of Park Collage with a Bachelor's Degree in Human Resource Management.

Organization Position Status
AdCare Health Systems Inc Vice President of Human Resources Current

Kim Henry was recruited by AdCare in 1997 to assist in development and operational management of assisted living residences. A seasoned health care professional, Kim oversees the operations of all assisted living homes including financial management, regulatory compliance, administrative and marketing supervision, personnel management and training, resident care and services.

Organization Position Status
AdCare Health Systems Inc Vice President Current

With extensive experience in mergers, acquisitions and raising capital, David specializes in corporate leadership and building companies from the ground floor up. In 1991, he formed Passport Retirement, a long term care company, which acquired AdCare Health Systems, Inc., in 1995. David received his BBA and JD degrees from the University of Cincinnati.

Organization Position Status
AdCare Health Systems Inc Chairman Current
Capital City Energy Group, Inc. Board of Directors Current
Ohio State Bar Association Member Current
AdCare Health Systems Inc Board of Directors Former
University of Cincinnati B.B.A. & J.D. Degrees Former
Ohio Assisted Living Association Founding Member Former

Organization Position Status
AdCare Health Systems Inc Board of Directors Current

Organization Position Status
AdCare Health Systems Inc Board of Directors Current

Organization Position Status
AdCare Health Systems Inc Board of Directors Current

Executive News

  • AdCare Health Systems, Inc. Continues To Be Profitable; Reports 2009 Second Quarter...

    Reuters - 8/14/09 - View Story

  • AdCare Health Systems, Inc. Continues To Be Profitable; Reports 2009 Second Quarter Earning Results

    PR Newswire - 8/14/09 - View Story

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     ADK $2.25 -0.10 (-4.26% )
Average Volume 5,691
Shares Outstanding 3.79M
Market Cap 8.5M
Year High 3.1
Year Low 0.5016
Earnings Per Share -0.18
P/E Ratio -12.50
Dividend N/A
Yield N/A
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