By: Benzinga
UPDATE: Imperial Capital Initiates AdCare Health Systems at Outperform on Facilities Consolidation
Imperial Capital initiated coverage on AdCare Health Systems (NYSE: ADK ) with an Outperform rating and a $7 price target. Imperial Capital commented, "The company has been acquiring 10-15 facilities per year, primarily focused on three geographic areas (Ohio, Arkansas/Oklahoma, and Georgia). Its revenue run-rate has increased nearly ten-fold
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