AdCare’s move from Springfield all about logistics

The company owns and manages 46 properties nationally, including properties in Georgia, Alabama, South Carolina and Arkansas, according to AdCare’s 2013 annual report.

AdCare Chief Executive Officer Dave Tenwick said that most of the company’s business is currently conducted in the southeast, and that was the only reason the company moved in December of 2013.

“We had acquired more facilities outside the state of Ohio,” Tenwick said. “That’s the main reason we did it.”

The company still owns Eaglewood Village and Eaglewood Care Center in Springfield, as well as seven additional facilities in Ohio.

The move did not affect staffing at the company’s Springfield facilities, Tenwick said.

The company was founded in 1991 as Passport Retirement Inc. In 1995, the company changed its name to AdCare Health Systems Inc. AdCare began buying properties nationally in 2010 after going public and creating an expansion plan in 2006.

Tenwick said there were around 25 jobs in Springfield that were disrupted by the move to Georgia. He said that many were offered jobs in Atlanta, while some stayed in jobs at the facilities owned in Springfield and some left the organization.

Springfield Vice President of Economic Development Horton Hobbs said that he was unsure of the company’s reasons for departure, but was disappointed to AdCare leave Springfield.

“We are always disappointed when a company leaves the community,” Hobbs said.

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