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<P style="FONT-SIZE: 14pt; MARGIN: 0px; LINE-HEIGHT: 16pt"
align=center><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt"
align=center><B>Washington, D.C. &nbsp;20549</B></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="FONT-SIZE: 14pt; MARGIN: 0px; LINE-HEIGHT: 16pt" align=center><B>FORM
8-K</B></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt"
align=center><B>CURRENT REPORT</B></P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt"
align=center><B>Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934</B></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt" align=center>Date of
Report: &nbsp;June 8, 2011</P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt" align=center>Date of
Earliest Event Reported: &nbsp;June 3, 2011</P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="FONT-SIZE: 18.5pt; MARGIN: 0px; LINE-HEIGHT: 20.5pt"
align=center><B>AdCare Health Systems, Inc.</B></P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt"
align=center><I>(Exact Name of Registrant as specified in its Charter)</I></P>
<P style="MARGIN: 0px" align=center><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 align=center>
<TR style="FONT-SIZE: 0px" height=0>
<TD width=309></TD>
<TD width=218></TD>
<TD width=248></TD></TR>
<TR>
<TD vAlign=bottom width=309>
<P style="FONT-SIZE: 10.5pt; MARGIN: 0px; LINE-HEIGHT: 12.5pt"
align=center><B>Ohio</B></P></TD>
<TD vAlign=top width=218>
<P style="FONT-SIZE: 10.5pt; MARGIN: 0px; LINE-HEIGHT: 12.5pt"
align=center><B>333-131542</B></P></TD>
<TD vAlign=bottom width=248>
<P style="FONT-SIZE: 10.5pt; MARGIN: 0px; LINE-HEIGHT: 12.5pt"
align=center><B>31-1332119</B></P></TD></TR>
<TR>
<TD vAlign=top width=309>
<P style="FONT-SIZE: 10.5pt; MARGIN: 0px; LINE-HEIGHT: 12.5pt"
align=center><I>(State or other jurisdiction of</I></P>
<P style="FONT-SIZE: 10.5pt; MARGIN: 0px; LINE-HEIGHT: 12.5pt"
align=center><I>incorporation or organization)</I></P></TD>
<TD vAlign=top width=218>
<P style="FONT-SIZE: 10.5pt; MARGIN: 0px; LINE-HEIGHT: 12.5pt"
align=center><I>(Commission File Number)</I></P></TD>
<TD vAlign=top width=248>
<P style="FONT-SIZE: 10.5pt; MARGIN: 0px; LINE-HEIGHT: 12.5pt"
align=center><I>(I.R.S. Employer Identification No.)</I></P></TD></TR>
<TR>
<TD vAlign=bottom width=528 colSpan=2>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="FONT-SIZE: 10.5pt; MARGIN: 0px; LINE-HEIGHT: 12.5pt"
align=center><B>5057 Troy Rd, Springfield, OH</B></P></TD>
<TD vAlign=bottom width=248>
<P style="FONT-SIZE: 10.5pt; MARGIN: 0px; LINE-HEIGHT: 12.5pt"
align=center><B>45502-9032</B></P></TD></TR>
<TR>
<TD vAlign=top width=528 colSpan=2>
<P style="FONT-SIZE: 10.5pt; MARGIN: 0px; LINE-HEIGHT: 12.5pt"
align=center><I>(Address of principal executive offices)</I></P></TD>
<TD vAlign=top width=248>
<P style="FONT-SIZE: 10.5pt; MARGIN: 0px; LINE-HEIGHT: 12.5pt"
align=center><I>(Zip Code)</I></P></TD></TR></TABLE>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="FONT-SIZE: 10.5pt; MARGIN: 0px; LINE-HEIGHT: 12.5pt"
align=center><B>Registrant&#146;s Telephone Number, Including Area Code</B></P>
<P style="FONT-SIZE: 10.5pt; MARGIN: 0px; LINE-HEIGHT: 12.5pt"
align=center><B>(937) 964-8974</B></P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify>Check the appropriate box below if the form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of
the following provisions (See General Instruction A2. below):</P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify>[ &nbsp;] Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)</P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify>[ &nbsp;] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)</P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify>[ &nbsp;] Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)</P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify>[ &nbsp;] Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c)).</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 16px" align=justify><BR><BR></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt" align=center>1</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; PAGE-BREAK-BEFORE: always; LINE-HEIGHT: 12.5pt"
align=justify><B>Item 5.02. &nbsp;Departure of Directors or Principal Officer;
Election of Directors; Appointment of Principal Officers</B></P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify>On June 3, 2011, AdCare Health Systems, Inc. (the &#147;Company&#148;)
appointed Mr. Martin D. Brew as Chief Financial Officer to replace Mr. Scott
Cunningham who will be leaving the Company effective June 30, 2011.</P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify>Mr. Brew is a seasoned finance and healthcare industry executive
who brings more than 29 years of experience to the Company. Mr. Brew previously
served as vice president of finance and provided consulting services at
Formation Capital, a private equity firm with expertise in the senior housing
industry. While at Formation, he played key roles in the company&#146;s M&amp;A due
diligence, and financial modeling and analysis processes. This included the
post&#150;acquisition integration and oversight of Genesis Health Care, a $2 billion
former public company that owns and operates more than 200 nursing facilities
and a respiratory rehabilitation company. He also centralized the finance and
accounting functions of Tandem Health Care, which resulted in more than $1
million in annual savings in its operation of more than 70 nursing
facilities.</P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify>Mr. Brew earlier served as treasurer and chief accounting officer
at Jameson Inns, a publicly traded owner, operator and developer of 120 hotels
with annual revenues of $95 million. While at Jameson, he played a key role in
raising equity, debt, and convertible debentures. He received his Bachelor of
Science in Business from Indiana University, and is a member of the Georgia
Society of Certified Public Accountants and the American Institute of Certified
Public Accountants.<A name=_GoBack></A></P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify>The Company has not entered an employment agreement with Mr.
Brew.</P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify><B>Item 5.07. &nbsp;Submission of Matters to a Vote of Security
Holders.</B></P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify>The Company held its Annual Meeting of Shareholders on June 3,
2011. &nbsp;The final voting results for the issues submitted to a vote of
security holders at the Annual Meeting are set forth below.</P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 48px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify><B>Issue1</B>. &nbsp;To elect the following nominees for
Director:</P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 align=center>
<TR style="FONT-SIZE: 0px" height=0>
<TD width=244></TD>
<TD width=144></TD>
<TD width=144></TD></TR>
<TR>
<TD vAlign=bottom width=244>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"><B>Name</B></P></TD>
<TD vAlign=bottom width=144>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=center><B>For</B></P></TD>
<TD vAlign=bottom width=144>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=center><B>Against or Withheld</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=244>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt">Boyd
P. Gentry</P></TD>
<TD vAlign=bottom width=144>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=center>2,772,862</P></TD>
<TD vAlign=bottom width=144>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=center>706,350</P></TD></TR>
<TR>
<TD vAlign=bottom width=244>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt">Joshua
J. McClellan</P></TD>
<TD vAlign=bottom width=144>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=center>3,360,662</P></TD>
<TD vAlign=bottom width=144>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=center>118,550</P></TD></TR>
<TR>
<TD vAlign=bottom width=244>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt">Phillip
S. Radcliffe</P></TD>
<TD vAlign=bottom width=144>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=center>3,423,032</P></TD>
<TD vAlign=bottom width=144>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=center>56,180</P></TD></TR></TABLE>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 14px" align=justify><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 48px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify><B>Issue 2. &nbsp;</B>To adopt the AdCare Health Systems, Inc.
2011 Stock Incentive Plan permitting the granting of stock options and
restricted stock. &nbsp;The maximum number of shares of common stock which will
be issued pursuant to the 2011 Stock Incentive Plan will be 1,000,000.</P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 align=center>
<TR style="FONT-SIZE: 0px" height=0>
<TD width=47></TD>
<TD width=77></TD>
<TD width=148></TD>
<TD width=66></TD></TR>
<TR>
<TD vAlign=bottom width=47>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=right><B>For:</B></P></TD>
<TD vAlign=bottom width=77>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=right>2,669,873</P></TD>
<TD vAlign=bottom width=148>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=right><B>Against or Withheld:</B></P></TD>
<TD vAlign=bottom width=66>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=right>803,163</P></TD></TR></TABLE>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 14px" align=justify><BR></P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify><B>Item 8.01 Other Matters</B></P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify>On June 3, 2011, the Company issued a press release announcing the
appointment of Martin D. Brew to the position of Chief Financial Officer as
described under Item 5.02 above. &nbsp;A copy of the press release is attached
as Exhibit 99.1 to this Form 8-K.</P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify>The information in this Item 8.01 and Exhibit 99.1 is being
furnished and shall not be deemed &#147;filed&#148; for purposes of Section 18 of the
Securities and Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;) or
otherwise subject to the liabilities of that section, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set forth in such
filing.</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 14px" align=justify><BR><BR></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt" align=center>2</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; PAGE-BREAK-BEFORE: always; LINE-HEIGHT: 12.5pt"
align=justify><B>tem 9.01. &nbsp;Financial Statements and Exhibits.</B></P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; TEXT-INDENT: 48px; LINE-HEIGHT: 12.5pt"
align=justify>Exhibits</P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px" height=0>
<TD width=127></TD>
<TD width=511></TD></TR>
<TR>
<TD vAlign=top width=127>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify><U>Exhibit Number</U></P></TD>
<TD vAlign=top width=511>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify><U>Description of Exhibit</U></P></TD></TR>
<TR>
<TD vAlign=top width=127>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify>99.1</P></TD>
<TD vAlign=top width=511>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify>Press Release dated June 3, 2011</P></TD></TR></TABLE>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 14px" align=justify><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 16px" align=center><BR><BR></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt" align=center>3</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; PAGE-BREAK-BEFORE: always; TEXT-INDENT: 48px; LINE-HEIGHT: 12.5pt"
align=center>SIGNATURES</P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; TEXT-INDENT: 48px; LINE-HEIGHT: 12.5pt"
align=justify>Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereto duly authorized.</P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt"
align=justify>Date: &nbsp;June 8, 2011</P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 336px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt">ADCARE
HEALTH SYSTEMS, INC.</P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 336px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt">By:<U>
&nbsp;/s/ Martin D. Brew</U></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 336px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt">Name:
Martin D. Brew</P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 336px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 14px; LINE-HEIGHT: 12.5pt">Title:
&nbsp;Chief Financial Officer</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 7px" align=right><BR><BR></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt" align=center>4</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 10.5pt; MARGIN-BOTTOM: 7px; PAGE-BREAK-BEFORE: always; LINE-HEIGHT: 12.5pt"
align=right>Exhibit 99.1</P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 16pt; MARGIN-BOTTOM: 10px; LINE-HEIGHT: 18pt"
align=center><B>AdCare Health Systems Appoints Martin D. Brew as CFO</B></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px" align=center><BR></P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 12pt; MARGIN-BOTTOM: 16px; LINE-HEIGHT: 14pt"><B>SPRINGFIELD,
Ohio, June 3, 2011 -</B> AdCare Health Systems, Inc. (NYSE Amex: ADK), a leading
skilled nursing and assisted living provider, has appointed Martin D. Brew as
chief financial officer effective as of the company&#146;s annual shareholder meeting
today, Friday, June 3, 2011. Brew succeeds Scott Cunningham, who will be
departing AdCare at the end of June to pursue other interests.</P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 12pt; MARGIN-BOTTOM: 16px; LINE-HEIGHT: 14pt">Brew
brings to AdCare extensive financial management experience at publicly and
privately owned companies encompassing real estate, REITs, healthcare,
hospitality and private equity industries.</P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 12pt; MARGIN-BOTTOM: 16px; LINE-HEIGHT: 14pt">&#147;Marty&#146;s
wealth of capital expertise and financial management experience in the senior
care industry will strengthen our ongoing aggressive M&amp;A campaign and
post-acquisition process,&#148; commented Boyd P. Gentry, AdCare&#146;s president and CEO.
&#147;His experience and proven abilities fit well with our culture of generating
exceptional operational efficiency, along with maintaining the highest-quality
of skilled nursing care and senior living environments.&#148;</P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 12pt; MARGIN-BOTTOM: 16px; LINE-HEIGHT: 14pt">Brew
is a seasoned finance and healthcare industry executive who brings more than 29
years of experience to AdCare. Brew previously served as vice president of
finance and provided consulting services at Formation Capital, a private equity
firm with expertise in the senior housing industry. While at Formation, Brew
played key roles in the company&#146;s M&amp;A due diligence, and financial modeling
and analysis processes. This included the post&#150;acquisition integration and
oversight of Genesis Health Care, a $2 billion former public company that owns
and operates more than 200 nursing facilities and a respiratory rehabilitation
company. He also centralized the finance and accounting functions of Tandem
Health Care, which resulted in more than $1 million in annual savings in its
operation of more than 70 nursing facilities.</P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 12pt; MARGIN-BOTTOM: 16px; LINE-HEIGHT: 14pt">Brew
earlier served as treasurer and chief accounting officer at Jameson Inns, a
publicly traded owner, operator and developer of 120 hotels with annual revenues
of $95 million. While at Jameson, he played a key role in raising equity, debt,
and convertible debentures. Brew received his Bachelor of Science in Business
from Indiana University, and is a member of the Georgia Society of Certified
Public Accountants and the American Institute of Certified Public
Accountants.</P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 12pt; MARGIN-BOTTOM: 16px; LINE-HEIGHT: 14pt">&#147;We&#146;d
also like to extend our appreciation to Scott for his valuable contribution to
AdCare, and helping us prepare for and transition to the high-growth stage of
our development and geographic expansion,&#148; added Gentry. &#147;We wish him the very
best of luck in his future endeavors.&#148;</P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt"><B>About AdCare
Health Systems</B></P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 12pt; MARGIN-BOTTOM: 16px; LINE-HEIGHT: 14pt">AdCare
Health Systems, Inc. (NYSE Amex: ADK) is a recognized innovator in senior living
and health care facility management. AdCare develops, owns and manages assisted
living facilities, nursing homes and retirement communities, as well as provides
home health care services. Since its inception in 1988, AdCare's mission has
been to provide the highest quality of healthcare services to the elderly. For
more information about AdCare, visit www.adcarehealth.com.</P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 12pt; MARGIN-BOTTOM: 16px; LINE-HEIGHT: 14pt"><B>Important
Cautions Regarding Forward-Looking Statements<BR></B>Statements contained in
this press release that are not historical facts may be forward-looking
statements within the meaning of federal law. Such statements can be identified
by the use of forward-looking terminology, such as "believes," "expects, "
"plans," "intends," "anticipates" and variations of such words or similar
expressions, but their absence does not mean that the statement is not
forward-looking. Such forward-looking statements reflect management's beliefs
and assumptions and are based on information currently available to management,
and involve known and unknown risks, results, performance or achievements of
AdCare which may differ </P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 16px"><BR><BR></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt" align=center>5</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 12pt; MARGIN-BOTTOM: 16px; PAGE-BREAK-BEFORE: always; LINE-HEIGHT: 14pt">materially
from those expressed or implied in such statements. Such factors are identified
in the public filings made by AdCare with the SEC and include, among others,
AdCare's ability to secure lines of credit and/or an acquisition credit
facility, find suitable acquisition properties at favorable terms, changes in
the health care industry because of political and economic influences, changes
in regulations governing the industry, changes in reimbursement levels including
those under the Medicare and Medicaid programs and changes in the competitive
marketplace. There can be no assurance that such factors or other factors will
not affect the accuracy of such forward-looking statements. Except where
required by law, AdCare undertakes no obligation to revise or update any
forward-looking statements to reflect events or circumstances after the date of
this press release.</P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt"><B>Company
Contacts</B></P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt">Boyd Gentry, CEO</P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt">Chris Brogdon, Vice
Chairman &amp; CAO</P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt">David A. Tenwick,
Chairman of Board</P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt">AdCare Health
Systems, Inc.</P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt">Tel (937)
964-8974</P>
<P
style="MARGIN-TOP: 0px; FONT-SIZE: 12pt; MARGIN-BOTTOM: 16px; LINE-HEIGHT: 14pt">info@adcarehealth.com</P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt"><B>Investor
Relations</B></P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt">Ron Both or Geoffrey
Plank</P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt">Liolios Group,
Inc.</P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt">Tel (949)
574-3860</P>
<P
style="FONT-SIZE: 12pt; MARGIN: 0px; COLOR: #0000ff; LINE-HEIGHT: 14pt"><U>info@liolios.com</U><FONT
style="COLOR: #000000"></FONT></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 14px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 14px"><BR><BR></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt" align=center>6</P>
<P
style="MARGIN: 0px"><BR></P></DIV></BODY>
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SECURITIES AND EXCHANGE COMMISSION
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934
Date of
Report:  June 8, 2011
Date of
Earliest Event Reported:  June 3, 2011
AdCare Health Systems, Inc.
(Exact Name of Registrant as specified in its Charter)
Ohio
333-131542
31-1332119
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
5057 Troy Rd, Springfield, OH
45502-9032
(Address of principal executive offices)
(Zip Code)
Registrant's Telephone Number, Including Area Code
(937) 964-8974
Check the appropriate box below if the form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of
the following provisions (See General Instruction A2. below):
[  ] Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
[  ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
[  ] Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)
[  ] Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c)).
1
Item 5.02.  Departure of Directors or Principal Officer;
Election of Directors; Appointment of Principal Officers
On June 3, 2011, AdCare Health Systems, Inc. (the "Company")
appointed Mr. Martin D. Brew as Chief Financial Officer to replace Mr. Scott
Cunningham who will be leaving the Company effective June 30, 2011.
Mr. Brew is a seasoned finance and healthcare industry executive
who brings more than 29 years of experience to the Company. Mr. Brew previously
served as vice president of finance and provided consulting services at
Formation Capital, a private equity firm with expertise in the senior housing
industry. While at Formation, he played key roles in the company's M&A due
diligence, and financial modeling and analysis processes. This included the
post–acquisition integration and oversight of Genesis Health Care, a $2 billion
former public company that owns and operates more than 200 nursing facilities
and a respiratory rehabilitation company. He also centralized the finance and
accounting functions of Tandem Health Care, which resulted in more than $1
million in annual savings in its operation of more than 70 nursing
facilities.
Mr. Brew earlier served as treasurer and chief accounting officer
at Jameson Inns, a publicly traded owner, operator and developer of 120 hotels
with annual revenues of $95 million. While at Jameson, he played a key role in
raising equity, debt, and convertible debentures. He received his Bachelor of
Science in Business from Indiana University, and is a member of the Georgia
Society of Certified Public Accountants and the American Institute of Certified
Public Accountants.
The Company has not entered an employment agreement with Mr.
Brew.
Item 5.07.  Submission of Matters to a Vote of Security
Holders.
The Company held its Annual Meeting of Shareholders on June 3,
2011.  The final voting results for the issues submitted to a vote of
security holders at the Annual Meeting are set forth below.
Issue1
.  To elect the following nominees for
Director:
Name
For
Against or Withheld
Boyd
P. Gentry
2,772,862
706,350
Joshua
J. McClellan
3,360,662
118,550
Phillip
S. Radcliffe
3,423,032
56,180
Issue 2.
To adopt the AdCare Health Systems, Inc.
2011 Stock Incentive Plan permitting the granting of stock options and
restricted stock.  The maximum number of shares of common stock which will
be issued pursuant to the 2011 Stock Incentive Plan will be 1,000,000.
For:
2,669,873
Against or Withheld:
803,163
Item 8.01 Other Matters
On June 3, 2011, the Company issued a press release announcing the
appointment of Martin D. Brew to the position of Chief Financial Officer as
described under Item 5.02 above.  A copy of the press release is attached
as Exhibit 99.1 to this Form 8-K.
The information in this Item 8.01 and Exhibit 99.1 is being
furnished and shall not be deemed "filed" for purposes of Section 18 of the
Securities and Exchange Act of 1934, as amended (the "Exchange Act") or
otherwise subject to the liabilities of that section, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set forth in such
filing.
2
tem 9.01.  Financial Statements and Exhibits.
Exhibits
Exhibit Number
Description of Exhibit
99.1
Press Release dated June 3, 2011
3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereto duly authorized.
Date:  June 8, 2011
ADCARE
HEALTH SYSTEMS, INC.
By:
/s/ Martin D. Brew
Name:
Martin D. Brew
Title:
 Chief Financial Officer
4
Exhibit 99.1
AdCare Health Systems Appoints Martin D. Brew as CFO
SPRINGFIELD,
Ohio, June 3, 2011 -
AdCare Health Systems, Inc. (NYSE Amex: ADK), a leading
skilled nursing and assisted living provider, has appointed Martin D. Brew as
chief financial officer effective as of the company's annual shareholder meeting
today, Friday, June 3, 2011. Brew succeeds Scott Cunningham, who will be
departing AdCare at the end of June to pursue other interests.
Brew
brings to AdCare extensive financial management experience at publicly and
privately owned companies encompassing real estate, REITs, healthcare,
hospitality and private equity industries.
"Marty's
wealth of capital expertise and financial management experience in the senior
care industry will strengthen our ongoing aggressive M&A campaign and
post-acquisition process," commented Boyd P. Gentry, AdCare's president and CEO.
"His experience and proven abilities fit well with our culture of generating
exceptional operational efficiency, along with maintaining the highest-quality
of skilled nursing care and senior living environments."
Brew
is a seasoned finance and healthcare industry executive who brings more than 29
years of experience to AdCare. Brew previously served as vice president of
finance and provided consulting services at Formation Capital, a private equity
firm with expertise in the senior housing industry. While at Formation, Brew
played key roles in the company's M&A due diligence, and financial modeling
and analysis processes. This included the post–acquisition integration and
oversight of Genesis Health Care, a $2 billion former public company that owns
and operates more than 200 nursing facilities and a respiratory rehabilitation
company. He also centralized the finance and accounting functions of Tandem
Health Care, which resulted in more than $1 million in annual savings in its
operation of more than 70 nursing facilities.
Brew
earlier served as treasurer and chief accounting officer at Jameson Inns, a
publicly traded owner, operator and developer of 120 hotels with annual revenues
of $95 million. While at Jameson, he played a key role in raising equity, debt,
and convertible debentures. Brew received his Bachelor of Science in Business
from Indiana University, and is a member of the Georgia Society of Certified
Public Accountants and the American Institute of Certified Public
Accountants.
"We'd
also like to extend our appreciation to Scott for his valuable contribution to
AdCare, and helping us prepare for and transition to the high-growth stage of
our development and geographic expansion," added Gentry. "We wish him the very
best of luck in his future endeavors."
About AdCare
Health Systems
AdCare
Health Systems, Inc. (NYSE Amex: ADK) is a recognized innovator in senior living
and health care facility management. AdCare develops, owns and manages assisted
living facilities, nursing homes and retirement communities, as well as provides
home health care services. Since its inception in 1988, AdCare's mission has
been to provide the highest quality of healthcare services to the elderly. For
more information about AdCare, visit www.adcarehealth.com.
Important
Cautions Regarding Forward-Looking Statements
Statements contained in
this press release that are not historical facts may be forward-looking
statements within the meaning of federal law. Such statements can be identified
by the use of forward-looking terminology, such as "believes," "expects, "
"plans," "intends," "anticipates" and variations of such words or similar
expressions, but their absence does not mean that the statement is not
forward-looking. Such forward-looking statements reflect management's beliefs
and assumptions and are based on information currently available to management,
and involve known and unknown risks, results, performance or achievements of
AdCare which may differ
5
materially
from those expressed or implied in such statements. Such factors are identified
in the public filings made by AdCare with the SEC and include, among others,
AdCare's ability to secure lines of credit and/or an acquisition credit
facility, find suitable acquisition properties at favorable terms, changes in
the health care industry because of political and economic influences, changes
in regulations governing the industry, changes in reimbursement levels including
those under the Medicare and Medicaid programs and changes in the competitive
marketplace. There can be no assurance that such factors or other factors will
not affect the accuracy of such forward-looking statements. Except where
required by law, AdCare undertakes no obligation to revise or update any
forward-looking statements to reflect events or circumstances after the date of
this press release.
Company
Contacts
Boyd Gentry, CEO
Chris Brogdon, Vice
Chairman & CAO
David A. Tenwick,
Chairman of Board
AdCare Health
Systems, Inc.
Tel (937)
964-8974
info@adcarehealth.com
Investor
Relations
Ron Both or Geoffrey
Plank
Liolios Group,
Inc.
Tel (949)
574-3860
info@liolios.com
6