“Glenview expands our presence in Georgia, joining the 13 facilities we already operate in Georgia,” said Chris Brogdon, AdCare’s chief acquisition officer. “It’s also in line with our expansion in the Southeast. We expect this new facility to leverage our management and administrative infrastructure, thereby improving its EBITDA margin.”
“We plan to continue pursuing an active M&A program throughout the second half of 2012,” Brogdon added, “and we are currently evaluating several attractive opportunities in the southern region of the U.S.”
AdCare has put under contract 47 facilities since it began its M&A campaign in the summer of 2010 and eight since the beginning of 2012.
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