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AdCare Health Systems, Inc. operates as a healthcare real estate investment company that invests primarily in real estate purposed for long-term care and senior living. Its business consists of leasing and subleasing such facilities to tenants, which operate the facilities. Its facilities provide a range of healthcare and related services for both long-term and short-stay patients and residents. The company was founded by David A. Tenwick, J. Michael Williams and Gary L. Wade on August 14, 1991 and is headquartered in Suwanee, GA.