AdCare Fires CEO For Lying About His Credentials

April 17, 2017, Lois Bowers, McKnight's Long-Term Care News - AdCare Health Systems fired its CEO and chairman of the board, William McBride III, on Monday after an internal investigation revealed that he had lied about his educational background, the self-managed healthcare real estate investment company said in a filing with the Securities and Exchange Commission.

Allan J. Rimland, the company's president and chief financial officer since April 2015, has replaced McBride as CEO of the Suwanee, GA-based owner of assisted living communities and skilled nursing facilities. Rimland also had been serving as AdCare's secretary since May 2015 and as a director of the company since October 2015.

When McBride was hired in 2014 ........ CLICK HERE TO READ MORE