Item 2.02. Financial Statements and Exhibits.

On Tuesday, August 19, 2008, AdCare Health Systems, Inc. (the "Company") issued a press release announcing its financial results for its second quarter ending June 30, 2008. A copy of this press release is furnished as Exhibit 99.1 hereto. Pursuant to the rules and regulations of the Securities and Exchange Commission, the information in this Current Report on Form 8-K, including the attached exhibit and the information set forth therein, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general incorporation language in such filing.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On Friday, August 15, 2008, at a Special Meeting of Shareholders, shareholders approved the issuance of warrants, which will vest over a period of five years, to officers and directors of the Company to purchase an aggregate of 1,092,305 shares of the Company's common stock as described in the Company's definitive proxy statement filed with the SEC on July 24, 2008 and incorporated herein by reference.

Also, on Friday, August 15, 2008, Mr. J. Michael Williams announced his retirement from the position of Executive Vice President and Chief Operating Officer of the Company. Also, effective August 15, 2008, Mr. Gary Wade, Chief Executive Officer, has assumed all the additional responsibilities of Executive Vice President and Chief Operating Officer.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number Description of Exhibit
99.1 Press Release dated August 19, 2008

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