March 06, 2015 7:47 AM ET

Healthcare Providers and Services

Company Overview of Diversicare Healthcare Services Inc.

Company Overview

Diversicare Healthcare Services, Inc., together with its subsidiaries, provides long-term care services to nursing center patients primarily in the Southwest, Southeast, and Midwest United States. The company offers skilled nursing health care services, which include room and board, nutrition, recreational therapy, social, housekeeping, and laundry services; rehabilitation therapy services, such as audiology, speech, occupational, and physical therapies; and medical supplies, nutritional support, infusion therapies, personal care and social, and related clinical services. As of June 24, 2014, it operated 49 skilled nursing centers containing 5,621 licensed nursing beds. The company was forme...

1621 Galleria Boulevard

Brentwood, TN 37027

United States

Founded in 1994

3,900 Employees

Phone:

615-771-7575

Fax:

615-771-7409

Key Executives for Diversicare Healthcare Services Inc.

Chief Executive Officer, President and Director
Age: 59
Total Annual Compensation: $593.7K
Chief Financial Officer, Principal Accounting Officer, Executive Vice President and Secretary
Age: 39
Total Annual Compensation: $258.8K
Chief Operating Officer and Executive Vice President
Age: 46
Total Annual Compensation: $316.3K
Compensation as of Fiscal Year 2013.

Diversicare Healthcare Services Inc. Key Developments

Diversicare Healthcare Services Inc. Declares Quarterly Dividend, Payable on April 14, 2015

Diversicare Healthcare Services Inc. announced that the Board of Directors declared a quarterly dividend of $0.055 per share per common share payable to shareholders of record as of March 31, 2015, to be paid on April 14, 2015.

Diversicare Healthcare Services Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Diversicare Healthcare Services Inc. announced consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported patient revenues, net of $93,749,000 against $75,663,000 a year ago. Operating income was $1,866,000 against operating loss of $302,000 a year ago. Income from continuing operations before income taxes was $1,010,000 against loss from continuing operations before income taxes of $1,226,000 a year ago. Net income from continuing operations was $691,000 or $0.11 per diluted share against net loss from continuing operations of $977,000 or $0.18 per diluted share a year ago. Net income for company’s common shareholders was $505,000 or $0.08 per diluted share against net loss for company’s common shareholders of $678,000 or $0.11 per diluted share a year ago. EBITDA was $3,776,000 against $1,458,000 a year ago. Adjusted EBITDA was $3,893,000 against loss of $2,064,000 a year ago. Adjusted net income for company’s common shareholders was $767,000 or $0.12 per diluted share against $122,000 or $0.02 per diluted share a year ago. For the year, the company reported patient revenues, net of $344,192,000 against $260,221,000 a year ago. Operating income was $6,009,000 against operating loss of $7,654,000 a year ago. Income from continuing operations before income taxes was $2,307,000 against loss from continuing operations before income taxes of $11,189,000 a year ago. Net income from continuing operations was $1,450,000 or $0.20 per diluted share against net loss from continuing operations of $6,993,000 or $1.26 per diluted share a year ago. Funds provided by operations were $15,964,000 or $2.58 per diluted share against $470,000 or $0.08 per diluted share a year ago.

Diversicare Healthcare Services Inc. to Report Q4, 2014 Results on Mar 05, 2015

Diversicare Healthcare Services Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Mar 05, 2015

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 2, 2015
Barren County Health Care Center, Inc.
Merger/Acquisition
October 1, 2014
62 Bed Skilled Nursing Center in Greenville, Kentucky
Merger/Acquisition
August 4, 2014
Operations at Two Facilities in Ohio
 

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