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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. _)*



Adcare Health Systems Inc.
-------------------------------------------------------------------------------
(Name of Issuer)


Common Stock
-------------------------------------------------------------------------------
(Title of Class of Securities)


00650W300
----------------------------------------
(CUSIP Number)


Chris Doucet, 2204 Lakeshore Drive, Suite 304,Birmingham, Alabama 35209
205-414-9788
-------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

June 29, 2015
-------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box.  [X]


Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.


The remainder of this cover page shall be filled out for a reporting persons
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.


The information required on the remainder of this cover page shall not be
deemed to be  for the purpose of Section 18 of the Securities Exchange
Act of 1934 () or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).





Persons who respond to the collection of information contained in this form are
not required to respond unless the form displays a currently valid OMB control
number.



SEC 1746 (3-06)





      ------------------------------------------------
      CUSIP No. 00650W300
      ------------------------------------------------
      --------------------------------------------------------------------------
      1    Name of Reporting Persons
           I.R.S. Identification Nos. of above persons (entities only)

      Doucet Capital,LLC, sole owner of Doucet Asset Management, LLC 03-0600886
      --------------------------------------------------------------------------

      2    Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)           [ ]
      (b)           [ ]
      --------------------------------------------------------------------------

      3     SEC Use Only

      --------------------------------------------------------------------------

      4     Source of Funds (See Instructions)

            HC
      --------------------------------------------------------------------------

      5     Check if Disclosure of Legal Proceedings is Required Pursuant to
            Items 2(d) or 2(e)[  ]
      --------------------------------------------------------------------------

      6     Citizen or Place of Organization

            Delaware, US
      --------------------------------------------------------------------------

        Number of        7    Sole Voting Power           0
                        --------------------------------------------------------
        Shares
        Beneficially     8    Shared Voting                 1,603,346
                        --------------------------------------------------------
        Owned by
        Each             9    Sole Dispositive Power      0
                        --------------------------------------------------------
        Reporting
        Person With     10    Shared Dispositive Power      1,603,346
      --------------------------------------------------------------------------


      11   Aggregate Amount Beneficially Owned by Each Reporting Person

            1,603,346
      --------------------------------------------------------------------------

      12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares
           (See Instructions)    [  ]
      --------------------------------------------------------------------------

      13   Percent of Class Represented by Amount in Row (11)

           8.2%
      --------------------------------------------------------------------------

      14   Type of Reporting Person (See Instructions)

           HC
      --------------------------------------------------------------------------






      ------------------------------------------------
      CUSIP No.  00650W300
      ------------------------------------------------
      --------------------------------------------------------------------------
      1    Name of Reporting Persons
           I.R.S. Identification Nos. of above persons (entities only)

      Doucet Asset Management, LLC 03-0600882
      --------------------------------------------------------------------------

      2    Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)           [ ]
      (b)           [ ]
      --------------------------------------------------------------------------

      3     SEC Use Only

      --------------------------------------------------------------------------

      4     Source of Funds (See Instructions)

            IA
      --------------------------------------------------------------------------

      5     Check if Disclosure of Legal Proceedings is Required Pursuant to
            Items 2(d) or 2(e)[  ]
      --------------------------------------------------------------------------

      6     Citizen or Place of Organization

            Delaware, US
      --------------------------------------------------------------------------

        Number of        7    Sole Voting Power           0
                        --------------------------------------------------------
        Shares
        Beneficially     8    Shared Voting               1,603,346
                        --------------------------------------------------------
        Owned by
        Each             9    Sole Dispositive Power      0
                        --------------------------------------------------------
        Reporting
        Person With     10    Shared Dispositive Power    1,603,346
      --------------------------------------------------------------------------


      11   Aggregate Amount Beneficially Owned by Each Reporting Person

           1,603,346
      --------------------------------------------------------------------------

      12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares
           (See Instructions)    [  ]
      --------------------------------------------------------------------------

      13   Percent of Class Represented by Amount in Row (11)

           8.2%
      --------------------------------------------------------------------------

      14   Type of Reporting Person (See Instructions)

           IA
      --------------------------------------------------------------------------





      ------------------------------------------------
      CUSIP No.  00650W300
      ------------------------------------------------
      --------------------------------------------------------------------------
      1    Name of Reporting Persons
           I.R.S. Identification Nos. of above persons (entities only)


       Christopher L. Doucet, managing member of Doucet Capital, LLC and
          CEO and control person of Doucet Asset Management
      --------------------------------------------------------------------------

      2    Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)           [ ]
      (b)           [ ]
      --------------------------------------------------------------------------

      3     SEC Use Only

      --------------------------------------------------------------------------

      4     Source of Funds (See Instructions)
            IN
      --------------------------------------------------------------------------

      5     Check if Disclosure of Legal Proceedings is Required Pursuant to
            Items 2(d) or 2(e)[  ]
      --------------------------------------------------------------------------

      6     Citizen or Place of Organization

            US Citizen
      --------------------------------------------------------------------------

        Number of        7    Sole Voting Power           0
                        --------------------------------------------------------
        Shares
        Beneficially     8    Shared Voting               1,603,346
                        --------------------------------------------------------
        Owned by
        Each             9    Sole Dispositive Power      0
                        --------------------------------------------------------
        Reporting
        Person With     10    Shared Dispositive Power    1,603,346
      --------------------------------------------------------------------------

      11   Aggregate Amount Beneficially Owned by Each Reporting Person

           1,603,346
      --------------------------------------------------------------------------

      12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares
           (See Instructions)    [  ]
      --------------------------------------------------------------------------

      13   Percent of Class Represented by Amount in Row (11)

           8.2%
      --------------------------------------------------------------------------

      14   Type of Reporting Person (See Instructions)

           IN
      --------------------------------------------------------------------------




      ------------------------------------------------
      CUSIP No.  00650W300
      ------------------------------------------------
      --------------------------------------------------------------------------
      1    Name of Reporting Persons
           I.R.S. Identification Nos. of above persons (entities only)


      Suzette A. Doucet, CFO and control person of Doucet Asset Management, LLC
      --------------------------------------------------------------------------

      2    Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)           [ ]
      (b)           [ ]
      --------------------------------------------------------------------------

      3    SEC Use Only

      --------------------------------------------------------------------------

      4    Source of Funds (See Instructions)

           IN
      --------------------------------------------------------------------------

      5    Check if Disclosure of Legal Proceedings is Required Pursuant to
           Items 2(d) or 2(e)[  ]
      --------------------------------------------------------------------------

      6    Citizen or Place of Organization

           US Citizen
      -------------------------------------------------------------------------

        Number of        7    Sole Voting Power           0
                        --------------------------------------------------------
        Shares
        Beneficially     8    Shared Voting               1,603,346
                        --------------------------------------------------------
        Owned by
        Each             9    Sole Dispositive Power      0
                        --------------------------------------------------------
        Reporting
        Person With     10    Shared Dispositive Power    1,603,346
      --------------------------------------------------------------------------

      11   Aggregate Amount Beneficially Owned by Each Reporting Person

           1,603,346
      --------------------------------------------------------------------------

      12   Check if the Aggregate Amount in Row (11) Excludes Certain Shares
           (See Instructions)    [  ]
      --------------------------------------------------------------------------

      13   Percent of Class Represented by Amount in Row (11)

           8.2%
      --------------------------------------------------------------------------

      14   Type of Reporting Person (See Instructions)

           IN
      --------------------------------------------------------------------------





      Item 1.  Security and Issuer

      The class of equity to which this statement relates is the common stock
      $0.001 par value (the "Common Stock") of Adcare Health Systems. Inc.
      (the "Company"), which has its principal executive offices at:


                             1145 Hembree Road
                             Roswell, GA  30076


      Item 2.  Identity and Background

      Doucet Capital LLC, Doucet Asset Management LLC, Christopher L. Doucet,
      and Suzette A. Doucet are the persons filing this statement.  Doucet
      Capital is a holding company which owns Doucet Asset Management LLC, a
      SEC registered investment adviser firm that exercises discretionary
      authority over client investments.  Both firms are limited liability
      companies organized under the laws of the state of Delaware.  Christopher
      L. Doucet is the managing member of Doucet Capital LLC and Chief Execu-
      tive Officer of Doucet Asset Management.  Suzette A. Doucet is a member
      of Doucet Capital and the Chief Financial Officer of Doucet Asset Manage-
      ment.  As such, Mr. and Mrs. Doucet control the activities of Doucet
      Capital and Doucet Asset Management.  Both Mr. and Mrs. Doucet are US
      citizens.  The business address of each of the Reporting Persons is
      2204 Lakeshore Drive, Suite 304, Birmingham, Alabama 35209.

      During the last five years, neither of the Reporting Persons has been (a)
      convicted in a criminal proceeding (excluding traffic violations or
      similar misdemeanors) or (b) a party to a civil proceeding of a judicial
      or administrative body of competent jurisdiction and as a result of such
      proceeding was or is subject to a judgment, decree or final order
      enjoining future violations of, or prohibiting or mandating activities
      subject to, federal or state securities laws or finding any violation
      with respect to such laws.

      Item 3.  Source and Amount of Funds or Other Consideration

      As of June 29,2015 Doucet Asset Management has acquired 1,603,346
      shares of the Common Stock of the Company on the open market for
      total consideration of $6,397,130.

      The above amount of total consideration includes any commissions incurred
      in the making of the investments.  The source of these funds was the
      investment capital of the discretionary clients of Doucet Asset Manage-
      ment, which include Christopher and Suzette Doucet.

      Item 4.  Purpose of Transaction

      All of the shares of Common Stock reported herein were acquired for
      investment purposes, and were originally acquired without the purpose or
      effect of changing or influencing control of the Company.  The Reporting
      Persons review on a continuing basis the investment in the Company. Based
      on such review and depending on the price and availability of the
      Company's securities, the Reporting Persons may acquire, or cause to be
      acquired, additional securities of the Company, in the open market or
      otherwise, dispose of, or cause to be disposed of, securities of the
      Company, in the open market or otherwise, at any time, or formulate other
      purposes, plans or proposals regarding the Company or any of its
      securities, to the extent deemed advisable in light of general investment
      and policies of the Reporting Persons, the Company s business, financial
      condition and operating results, general market and industry conditions
      or other factors.


      Doucet reserves the right from time to time to formulate plans and
      proposals regarding the Company or any of its securities, and to
      carry out any of the actions or transactions to protect the interests
      of its clients.  Doucet may in the future acquire additional Common
      Stock or other securities of the Company in the open market, in
      privately negotiated purchases or otherwise and may also, depending
      on the current circumstances, dispose of all or a portion of the
      Common Stock beneficially owned by them in one or more transactions.

      Chris Doucet sent the following letter to the board of directors

     	 June 29, 2015

      	AdCare Health Systems
      	Board of Directors
      	3050 Peachtree Road NW
      	Suite 355
      	Atlanta, GA  30305

	Dear Board,

	First, I want to commend the Board on hiring Bill McBride as AdCares
	CEO last fall. He had the difficult challenge and task of navigating
	the Company through its transition to a property holding company.
	Based on conversations with several reputable REIT experts, they have
	all confirmed what I already suspected-Bill has done an exemplary job
	executing on the initiatives set forth by the Board. He has virtually
	completed the Companys transition in leasing or divesting its portfolio
	of 40 properties to new operators while negotiating favorable triple-net
	leases with long terms and standard annual escalators. In addition,
	Bill is making strides in addressing the Companys capital structure.
	This has significantly improved the optics of the Company to prospective
	acquirers as AdCare is simply a plug and play target at this point. Most
	impressively,  Bill has done this with little disruption to the Companys
	operations and little to no deterioration in patient care.  The long
	awaited benefits of Bills efforts should be imminent.

	I am convinced the Board made the right decision to hire Bill and convert
	AdCare into a real estate holding company. Nonetheless, the successful
	transition from an operating company to a real estate holding company has
	not been reflected in the price of AdCares common stock. I believe the
	combination of successive capital raises with little clarity on the use of
	proceeds coupled with the rising short interest in the stock have relegated
	ADK to ridiculously low levels.

	Bill has made it clear on recent conference calls that his main desire
	is to use part of the Companys $35 million in recent raises to make
	accretive acquisitions of nursing home properties. The market has shown
	its disappointment in the lack of success in accomplishing this goal by
	selling the common stock off by nearly 25% over the past 90 days. However,
	during the same timeframe, fundamentals of the Company have clearly
	improved suggesting there has been a marked disconnect between the operational
	performance of the Company and the stock price.

	So what can the Company do in the near term to take advantage of this short
	term dilemma and help restore investor confidence in Bill, the Board, and
	the stock? One answer is to use some of the cash on the Companys balance
	sheet to initiate a buyback of the Companys stock and augment the Companys
	current strategy of growing the value of the enterprise by making accretive
	acquisitions.

	According to Bloomberg Analytics, the average cap rate for the healthcare
	REIT universe is 6.3, while the average FFO multiple in the space is 13.8.
	So what does this mean for ADK valuations? If one sifts through the press
	releases, 8Ks, 10Qs and 10K since July, 2014, investors can make several
	relevant projections, apply multiples to those projections and make
	certain value assumptions.

	Revenues	$28.834 million  (assumes conservative assumptions
						on three remaining properties)
	Convert Debt	$7.7 million 	(assumes $7.5 million note is not
						converted by 7/31 and is paid off)
	Mortgage Debt	$111.086 million (assumes the Company pays down four
						mortgages in the amount of about
						$18 million and brings $1 million
						in proceeds in excess of the mortgage
						amounts and $2 million in restricted
						cash onto the balance sheet)
	Preferred Debt	$53.830 million
	Bank Debt	0
	Cash		$17 million 	(assumes $7.5 million note is not converted
						by 7/31 and is paid off)
	Estimated Annualized FFO $.34 	(beginning annualized FFO in Q415
					assumes no acquisitions and G&A and lease
					expenses projected on July, 2014 have
					not changed)

	Based on the above assumptions and corresponding multiples, ADK would
	be worth $4.65 on an FFO basis and about $9.00 on a fully diluted basis.
	The latter would only be realized if the company was sold to a strategic
	buyer who liked the properties, leases and the operators.  However, a price
	of $4.65 and an FFO of $.34 annualized by Q415 assume interest costs remain
	at the very high current cost of capital of about 7.29% and the Company is
	not successful in adding accretive acquisitions which would of course add to
	the FFO. For every 1 million shares the Company is successful in purchasing
	at current levels, the Company would add over $340,000 to FFO or about $.017
	per share. This increase in FFO would give the Company the ability to increase
	the dividend by $.0136 per annum or about 40 basis points to investors
	(assuming the Company continues their dividend policy of paying out only
	80% of FFO in the form of earnings).

	Most REIT investors understand and appreciate the Companys strategy. Simply
	put, convert the existing portfolio to a holding company, reduce G&A
	to a nominal level, use the cash to make accretive acquisitions, and
	ultimately sell the portfolio to a larger REIT at a synergistic multiple
	for both parties. However, while the broader market fully appreciates
	the power of the model the Company is creating, the stock has been
	relegated to orphan status due to the aforementioned successive raises
	combined with the inability of the Company to close on a single
	acquisition. As such, you should ameliorate your current
	strategy. Take this as an opportunity to buy ADK stock on the open market at
	significant multiples discount to its peers, exploit the current dislocation
	in the market and any others that may occur in the future. The Company can in
	essence invest in properties it knows very well at a 10 cap and ultimately
	sell the company at a much lower cap rate at some point in the future. This
	would be appear to be a good way to augment your current strategy in the
	short term, regain investor confidence and build long term value.
	Buying back stock would also be a low risk method of building value as
	the Company is more familiar with each of these properties than its
	competitors. The Company would also avoid transaction costs and associated
	transition risks typically associated with the purchase of a new property.

	I am happy to discuss my analysis in more detail at your convenience.

	Sincerely,

	Chris L. Doucet
	CEO, Managing Partner
	Doucet Asset Management, LLC









      Item 5.  Interest in Securities of the Issuer

      (a)  As of the close of business on June 26, 2015 Doucet Capital,
      Doucet Asset Management, Christopher L. Doucet, and Suzette A. Doucet
      were the beneficial owners of 1,603,346 shares of Common Stock, which
      constitute in the aggregate 8.2% of the outstanding shares of Common
      Stock of the Company based on 19,350,000 shares of Common Stock
      Outstanding pursuant to the Form 10-K for the quarterly period ending
      December 31, 2014 filed by the Company.

      (b)  Doucet Capital, Doucet Asset Management, Christopher L. Doucet, and
      Suzette A. Doucet have shared power to vote, direct the vote of, dispose
      of and direct the disposition of the Common Stock beneficially owned as
      described in Item 5(a) above.  Such power is shared among the Reporting
      Persons.

      (c)  Transactions in the Common Stock by the Reporting Persons affected
      in the last 60 days are as set forth in the table below.  All such trades
      were made in open market transactions.



      (d)  The Reporting Persons have the right to receive or the power to
      direct the receipt of dividends from, or the proceeds from the sale of,
      the Common Stock beneficially owned by them.

      (e)  Not applicable.


      Item 6.  Contracts, Arrangements, Understandings or Relationships with
               Respect to Securities of the Issuer

      None.

      Item 7.  Material to be Filed as Exhibits

      Exhibit 1. Joint Filing Agreement





SIGNATURE


After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.



Date: June 29, 2015

                                       DOUCET CAPITAL, LLC



                                       /S/ Christopher L. Doucet
                                       ---------------------------
                                       Name:  Christopher L. Doucet
                                       Title: Managing Member


                                       DOUCET ASSET MANAGEMENT, LLC
                                       By: Doucet Capital, LLC,
                                           its managing member



                                       /S/ Christopher L. Doucet
                                       ---------------------------
                                       Name:  Christopher L. Doucet
                                       Title: Managing Member



                                       CHRISTOPHER L. DOUCET



                                       /S/ Christopher L. Doucet
                                       --------------------------
                                       Christopher L. Doucet, individually



                                       SUZETTE A. DOUCET



                                       /S/ Suzette A. Doucet
                                       -----------------------
                                       Suzette A. Doucet, individually





                                    EXHIBIT 1

                           JOINT ACQUISITION STATEMENT

                            PURSUANT TO RULE 13d-1(k)

          The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G, is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13D, shall be filed on
behalf of each of the undersigned without the necessity of filing additional
joint acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the others, except to the extent that he or it knows or has reason to
believe that such information is inaccurate.



Date: June 29, 2015

                                       DOUCET CAPITAL, LLC



                                       /S/ Christopher L. Doucet
                                       ---------------------------
                                       Name:  Christopher L. Doucet
                                       Title: Managing Member


                                       DOUCET ASSET MANAGEMENT, LLC
                                       By: Doucet Capital, LLC,
                                           its managing member



                                       /S/ Christopher L. Doucet
                                       ---------------------------
                                       Name:  Christopher L. Doucet
                                       Title: Managing Member



                                       CHRISTOPHER L. DOUCET



                                       /S/ Christopher L. Doucet
                                       -------------------------
                                       Christopher L. Doucet



                                       SUZETTE A. DOUCET



                                       /S/ Suzette A. Doucet
                                       ---------------------
                                       Suzette A. Doucet