AdCare Health Systems, Inc. (AMEX:ADK) signed a letter of intent to acquire skilled nursing facility with 169 licensed beds for $9 million on December 19, 2016. AdCare Health Systems, Inc. intends to finance the acquisition with conventional mortgage debt and cash on hand. The deal is subject to, among other things, satisfactory due diligence, debt financing and the negotiation and execution of a definitive purchase agreement and lease agreement, each of which will contain customary representations, warranties, covenants and closing conditions. The deal is expected to close in the first quarter of 2017. Regional Health Properties, Inc. (AMEX:RHE) cancelled the acquisition of skilled nursing facility with 169 licensed beds on January 5, 2018.