This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AdCare Health Systems Adds Michael Fox To Board Of Directors

ATLANTA, Oct. 2, 2013 /PRNewswire/ --  AdCare Health Systems, Inc. (NYSE MKT: ADK), (NYSE MKT: ADK.PA) a leading long-term care provider, today announced that Michael Fox, the founder and portfolio manager of Park City Capital, LLC, a value-oriented investment management firm located in Dallas, Texas has been named to AdCare's Board of Directors.

Mr. Fox brings more than a decade of investment and equity analysis expertise to the Board.  He founded Park City Capital, which manages private investment funds exclusively for qualified individuals, family offices and institutional investors, in 2008 and Mr. Fox has managed the firm's investments since. Prior to that, Mr. Fox spent eight years in equity research at J.P.Morgan in New York where he served as Vice President and Senior Business Services Analyst and headed the firm's Business Services equity research group from 2005 to 2008. From 2000 to 2005, Mr. Fox was a member of J.P.Morgan's Leisure equity research group, which was consistently recognized by Institutional Investor's All America Research Team.  Mr. Fox received a BBA in Finance from Texas Christian University.   

" Michael Fox brings proven expertise and the perspective of a shareholder to our Board, and we enthusiastically welcome his contributions to AdCare," commented Mr. David A. Tenwick, AdCare's founder and Chairman. "The management and Board of AdCare is committed to unlocking shareholder value, and I believe Mr. Fox will help us achieve this important goal."

Boyd Gentry, AdCare's Chief Executive Officer, added, "AdCare's relationship with Mike dates back to 2010 when his fund made its first investment, and today his funds own 5% of AdCare's outstanding shares. I welcome him to our board and look forward to benefitting from his perspective and strategic input."

Mr. Fox added, "I believe AdCare is at a defining moment in time and I am pleased to join the Board to help the Company create sustainable shareholder value."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,619.51 +23.16 0.13%
S&P 500 2,063.11 +5.48 0.27%
NASDAQ 4,986.8670 +28.3990 0.57%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs