August 20, 2017 12:30 AM 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. It offers skilled nursing health care services, including nutrition services, recreational therapy, social services, housekeeping, and laundry services; the delivery of ancillary medical services at the nursing centers; rehabilitation therapy services, such as audiology, speech, occupational and physical therapies; and medical supplies, nutritional support, infusion therapies and related clinical services. As of March 2, 2017, it operated 76 nursing centers with 8,949 licen...

1621 Galleria Boulevard

Brentwood, TN 37027

United States

6,700 Employees

Phone:

615-771-7575

Fax:

615-771-7409

Key Executives for Diversicare Healthcare Services, Inc.

Chief Executive Officer, President and Director
Age: 62
Total Annual Compensation: $909.0K
Chief Financial Officer, Executive Vice President and Secretary
Age: 42
Total Annual Compensation: $549.9K
Chief Operating Officer and Executive Vice President
Age: 49
Total Annual Compensation: $599.9K
Compensation as of Fiscal Year 2016.

Diversicare Healthcare Services, Inc. Key Developments

Diversicare Healthcare Services, Inc Declares Quarterly Dividend Payable on October 16, 2017; Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

On July 27, 2017, the Board of Directors Diversicare Healthcare Services, Inc. declared a quarterly dividend of $0.055 per common share payable to shareholders of record as of September 30, 2017, to be paid on October 16, 2017. The company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported patient revenues; net was $113,166,000 against $78,385,000 a year ago. Operating income was $2,056,000 against operating loss of $2,317,000 a year ago. Income from continuing operations before income taxes was $515,000 against loss from continuing operations before income taxes of $3,447,000 a year ago. Income from continuing operations was $381,000 against loss from continuing operations of $2,150,000 a year ago. Net income was $353,000 against net loss of $2,150,000 a year ago. Diluted earnings per common share were $0.06 against diluted loss per common share of $0.35 a year ago. Diluted earnings per common share from continuing operations were $0.06 against diluted loss per common share from continuing operations of $0.35 a year ago. EBITDA was $4,676,000 against negative EBITDA of $229,000 a year ago. Adjusted EBITDA was $4,809,000 against $1,929,000 a year ago. Adjusted net income was $461,000 against adjusted net loss of $747,000 a year ago. Diluted adjusted net income per common share was $0.07 against diluted adjusted net loss per common share of $0.12 a year ago. For the period, the company reported patient revenues; net was $284,050,000 against $193,750,000 a year ago. Operating income was $5,016,000 against operating loss of $1,045,000 a year ago. Income from continuing operations before income taxes was $2,725,000 against loss from continuing operations before income taxes of $3,563,000 a year ago. Income from continuing operations was $1,729,000 against loss from continuing operations of $2,224,000 a year ago. Net income was $1,686,000 against net loss of $2,261,000 a year ago. Diluted earnings per common share were $0.27 against diluted loss per common share of $0.36 a year ago. Diluted loss per common share from continuing operations was $0.01 against $0.01 a year ago. Funds provided by operations were $11,431,000 against $7,405,000 a year ago. Diluted funds provided by operations per common share were $1.83 against $1.2 a year ago.

Diversicare Healthcare Services, Inc. to Report Q2, 2017 Results on Aug 03, 2017

Diversicare Healthcare Services, Inc. announced that they will report Q2, 2017 results at 5:00 PM, US Eastern Standard Time on Aug 03, 2017

Diversicare Healthcare Services, Inc., Q2 2017 Earnings Call, Aug 03, 2017

Diversicare Healthcare Services, Inc., Q2 2017 Earnings Call, Aug 03, 2017

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