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February 12, 2016 4:07 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 and residents primarily in the Southwest and Southeast. The company offers skilled nursing health care services, which include nutrition services, recreational therapy, social services, housekeeping, and laundry services; rehabilitation therapy services, such as audiology, speech, occupational, and physical therapies; and medical supplies, nutritional support, infusion therapies, and related clinical services. As of November 1, 2015, it operated 55 nursing centers with 6,560 licensed nursing beds. The company was formerly known as Advocat Inc. and changed its nam...

1621 Galleria Boulevard

Brentwood, TN 37027

United States

Founded in 1994

4,200 Employees

Phone:

615-771-7575

Fax:

615-771-7409

Key Executives for Diversicare Healthcare Services Inc.

Chief Executive Officer, President and Director
Age: 60
Total Annual Compensation: $450.0K
Chief Financial Officer, Executive Vice President and Secretary
Age: 40
Total Annual Compensation: $275.0K
Chief Operating Officer and Executive Vice President
Age: 47
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2014.

Diversicare Healthcare Services Inc. Key Developments

Diversicare Healthcare Services Inc. Presents at NobleCon12, the 12th Annual Emerging Growth Investor Conference, Jan-19-2016 09:00 AM

Diversicare Healthcare Services Inc. Presents at NobleCon12, the 12th Annual Emerging Growth Investor Conference, Jan-19-2016 09:00 AM. Venue: Club Med Sandpiper Bay, Port St. Lucie, Florida, United States. Speakers: Kelly J. Gill, Chief Executive Officer, President and Director.

Diversicare Healthcare Services Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Diversicare Healthcare Services Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net income for common shareholders of the company of $0.4 million or $0.11 per diluted share on patient revenues, net of $98.1 million compared to net income for common shareholders of the company of $4.1 million or $0.03 per diluted share on patient revenues, net of $90.3 million reported in the same period last year. Facility-level operating income was $19.6 million against $17.3 million reported last year. Income from continuing operations before income taxes was $1.2 million against $0.4 million reported last year. Net income from continuing operations was $0.7 million or $0.04 per diluted share against $0.2 million or $0.63 per diluted share reported last year. EBITDA was $4.1 million against $3.1 million reported last year. Adjusted EBITDA was $4.1 million against $3.2 million reported last year. Adjusted net income for common shareholders of the company was $0.7 million or $0.11 per diluted share against $0.25 million or $0.04 per diluted share reported last year. For the nine months, the company reported net income for common shareholders of the company of $0.7 million or $0.11 per diluted share on patient revenues, net of $289.6 million compared to net income for common shareholders of the company of $4.0 million or $0.65 per diluted share on patient revenues, net of $250.4 million reported in the same period last year. Facility-level operating income was $57.3 million against $49.9 million reported last year. Income from continuing operations before income taxes was $2.5 million against $1.3 million reported last year. Net income from continuing operations was $1.5 million or $0.24 per diluted share against $0.8 million or $0.09 per diluted share reported last year. Funds provided by operations were $14.4 million or $2.28 per diluted share against $10.7 million or $1.73 per diluted share reported last year.

Diversicare Healthcare Services Inc. Declares Quarterly Dividend, Payable on January 15, 2016

On November 4, 2015, 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, 2015, to be paid on January 15, 2016.

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