February 16, 2017 / 1:16 PM / 5 months ago

BRIEF-AdCare Health Systems to purchase assisted living facility in Alabama

1 Min Read

Feb 16 (Reuters) - AdCare Health Systems Inc -

* Signed a letter of intent to purchase an assisted living facility with 106 operational beds located in Alabama for $5.5 million

* Intends to finance acquisition with conventional mortgage debt and cash on hand Source text for Eikon: Further company coverage:

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