January 17, 2017 1:45 PM ET

Healthcare Providers and Services

Company Overview of Diversicare Healthcare Services, Inc.

Company Overview

Diversicare Healthcare Services, Inc., together with its subsidiaries, provides post-acute care services to skilled nursing center patients and residents primarily in the Southeast, Midwest, and Southwest United States. The company provides skilled nursing health care services comprising nutrition services, recreational therapy, social services, housekeeping, and laundry services; rehabilitation therapy services, including audiology, speech, occupational, and physical therapies; and medical supplies, nutritional support, infusion therapies, and related clinical services. As of December 31, 2015, it operated 55 nursing centers with 6,060 licensed nursing beds. The company was formerly known a...

1621 Galleria Boulevard

Brentwood, TN 37027

United States

Founded in 1994

4,500 Employees

Phone:

615-771-7575

Fax:

615-771-7409

Key Executives for Diversicare Healthcare Services, Inc.

Chief Executive Officer, President and Director
Age: 61
Total Annual Compensation: $700.0K
Chief Financial Officer, Executive Vice President and Secretary
Age: 41
Total Annual Compensation: $423.5K
Chief Operating Officer and Executive Vice President
Age: 48
Total Annual Compensation: $462.0K
Compensation as of Fiscal Year 2015.

Diversicare Healthcare Services, Inc. Key Developments

Diversicare Healthcare Services, Inc. Declares Quarterly Dividend, Payable on January 13, 2017

On October 27, 2016, the Board of Directors of Diversicare Healthcare Services Inc. declared a quarterly dividend of $0.055 per common share payable to shareholders of record as of December 31, 2016, to be paid on January 13, 2017.

Diversicare Healthcare Services, Inc. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended Sept. 30, 2016

Diversicare Healthcare Services Inc. announced unaudited consolidated earnings results for third quarter and nine months ended Sept. 30, 2016. For the quarter, the company reported patient revenues, net of $97,313,000, operating loss of $382,000, loss from continuing operations before income taxes   of $1,453,000, loss from continuing operations of $958,000, net loss of $975,000, net loss from continuing operations per share - diluted of $0.16, net loss per common share – diluted of $0.16, ebitda of $1,740,000, adjusted ebitda of $2,178,000, adjusted net loss of $673,000, adjusted net loss per common share: basic and diluted of $0.11 compared to the patient revenues, net of $98,105,000, operating income of $2,072,000, income from continuing operations before income taxes   of $1,171,000, income from continuing operations of $669,000, net income of $431,000, net income from continuing operations per share - diluted of $0.11, net income per common share – diluted of $0.07, ebitda of $4,056,000, adjusted ebitda of $4,099,000, adjusted net income of $697,000, adjusted net income per common share: basic and diluted of $0.11 for the same quarter a year ago. For the year to date, the company reported patient revenues, net of $291,063,000, operating income of $56,046,000, loss from continuing operations before income taxes   of $5,016,000, loss from continuing operations of $3,182,000, net loss of $3,236,000, net loss from continuing operations per share - diluted of $0.52, net loss per common share – diluted of $0.52, funds provided by operations of $9,844,000, funds provided by operations per common share - diluted of $1.59 compared to the patient revenues, net of $289,618,000, operating income of $52,078,000, income from continuing operations before income taxes   of $2,525,000, income from continuing operations of $1,481,000, net income of $681,000, net income from continuing operations per share - diluted of $0.24, net income per common share – diluted of $0.11, funds provided by operations of $14,358,000, funds provided by operations per common share - diluted of $2.28 for the same period a year ago.

Diversicare Healthcare Services Inc. to Report Q3, 2016 Results on Nov 03, 2016

Diversicare Healthcare Services Inc. announced that they will report Q3, 2016 results at 5:00 PM, Eastern Standard Time on Nov 03, 2016

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