- 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.
Diversicare closes on Alabama skilled nursing facility
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Diversicare Healthcare Services, Inc. |