AdCare completes purchase

SPRINGFIELD — AdCare Health Systems, Inc. a nursing home and assisted living company, has closed the previously announced purchase of a skilled nursing and assisted living community in Mountain View, Ark. for $4.2 million.

The facilities have 129 beds in service that generated an estimated $5.4 million in gross annual revenues, and their addition is expected to be immediately accretive to AdCare’s earnings.