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Diversicare Healthcare Services Inc. (DVCR)

  • Jul. 2, 2014, 10:42 AM
    • Diversicare Healthcare Services (DVCR -3.8%) ends its presence in West Virginia by disposing of three skilled nursing centers in the state. It sold the 90-bed Rose Terrace facility for $16.5M and entered into an operations transfer agreement with an affiliate of the Rose Terrace buyer regarding the other two locations.
    • It assumes operations in three facilities in Missouri totaling 339 skilled nursing beds. The company expects the sites to contribute at least $17M in revenues per year and be promptly accretive.
    | Jul. 2, 2014, 10:42 AM | Comment!
  • May 11, 2012, 12:53 PM
    Advocat (AVCA +70.8%) soars after receiving a buyout offer by Covington Investments, a privately owned provider of long-term care services in Florida, Ohio and Tennessee, for $8.50 per share in cash.
    | May 11, 2012, 12:53 PM | Comment!
Company Description
Diversicare Healthcare Services Inc provides long term care services to its nursing center patients. Its services include Short term rehabilitation, long term care, lighthouse memory care, Hospice care, Adult day care and respite care services.