October 01, 2016 1:01 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. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Diversicare Healthcare Services Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported patient revenues, net of $95.805 million against $96.288 million a year ago. Operating loss was $2.317 million compared to operating income of $2.320 million a year ago. Loss from continuing operations before income taxes was $3.447 million compared to profit of $1.346 million a year ago. Loss from continuing operations was $2.150 million or $0.35 per basic and diluted share compared to income from continuing operations of $0.807 million or $0.13 per basic and diluted share a year ago. Net loss was $2.150 million or $0.35 per basic and diluted share compared to net income was $0.508 million or $0.08 per basic and diluted share a year ago. LBITDA was $0.229 million against EBITDA of $4.258 million a year ago. Adjusted EBITDA was $1.929 million against $4.351 million a year ago. Adjusted net loss was $0.747 million or $0.12 per basic and diluted share compared to adjusted net income of $0.867 million or $0.14 per basic and diluted share a year ago. For the six months, the company reported patient revenues, net of $193.750 million against $191.513 million a year ago. Operating loss was $1.045 million compared to operating income was $3.170 million a year ago. Loss from continuing operations before income taxes was $3.563 million compared to profit from continuing operations before income taxes of $1.354 million a year ago. Loss from continuing operations was $2.224 million or $0.36 per diluted share compared to profit from continuing operations of $0.812 million or $0.13 per diluted share a year ago. Net loss was $2.261 million or $0.37 per basic and diluted share compared to net income of $0.250 million or $0.04 per basic and diluted share a year ago. Funds provided by operations were $7.405 million or $1.20 per diluted share against $9.584 million or $1.52 per diluted share a year ago.

Diversicare Healthcare Services Inc. to Report Q2, 2016 Results on Aug 04, 2016

Diversicare Healthcare Services Inc. announced that they will report Q2, 2016 results at 5:00 PM, Eastern Standard Time on Aug 04, 2016

Diversicare Healthcare Services Inc., Q2 2016 Earnings Call, Aug 05, 2016

Diversicare Healthcare Services Inc., Q2 2016 Earnings Call, Aug 05, 2016

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
August 15, 2016
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Merger/Acquisition
November 2, 2015
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