ATLANTA — AdCare Health Systems (NYSE MKT: ADK) (NYSE MKT: ADK.PRA), an Atlanta-based skilled nursing owner, has fired William McBride III, the company’s CEO and chairman of the board, amid revelations that he misrepresented his education history.
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DAVIDSVILLE, Pa. — HJ Sims, a Connecticut-based investment bank has arranged a $20.2 million debt modification for Allegheny Christian Ministries. The transaction will refinance debt on Laurel View Village, a nonprofit continuing care retirement community in Davidsville, approximately 75 miles east of Pittsburgh.