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Diversicare closes on Alabama skilled nursing facility

Jul. 05, 2017 4:53 PM ETDiversicare Healthcare Services, Inc. (DVCR) StockBy: Jason Aycock, SA News Editor
  • Diversicare (DVCR +6%) has acquired a skilled nursing center in Selma, Ala.
  • The acquisition of 103-bed facility Park Place (for $8.75M) gives Diversicare a total of 77 centers.
  • It's the 47th acquisition since beginning a focused expansion and the 11th that includes the underlying real estate, CEO Kelly Gill notes. That means it owns real estate on 18 of its 77 centers.
  • The company expects the new center to contribute more than $8M to revenues annually.

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Diversicare Healthcare Services, Inc.