August 29, 2014 5:56 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
Age: 59
Total Annual Compensation: $593.7K
Chief Financial Officer
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. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Diversicare Healthcare Services Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported patient revenues, net of $82.313 million against $61.488 million a year ago primarily due to 11 nursing centers acquired during 2013 and 2014. Facility-level operating income was $17.626 million against $11.172 million a year ago. Operating income was $2.733 million compared to operating loss of $2.665 million a year ago. Income from continuing operations before income taxes was $1.728 million compared to loss from continuing operations before income taxes of $3.708 million a year ago. Net income from continuing operations was $0.973 million or $0.14 per diluted share compared to net loss from continuing operations of $2.421 million or $0.43 per diluted share a year ago. Net income attributable to the company was $1.101 million or $0.16 per diluted share compared to net loss attributable to the company of $2.195 million or $0.39 per diluted share a year ago. Adjusted EBITDA was $4.588 million against $0.528 million a year ago. Adjusted net income for the company common shareholders was $1.021 million or $0.17 per diluted share compared to adjusted net loss for the company common shareholders of $1.874 million or $0.32 per diluted share a year ago. For the six months, the company reported patient revenues, net of $160.112 million against $119.927 million a year ago. Facility-level operating income was $32.601 million against $22.099 million a year ago. Operating income was $2.831 million compared to operating loss of $4.448 million a year ago. Income from continuing operations before income taxes was $0.931 million compared to loss from continuing operations before income taxes of $6.268 million a year ago. Net income from continuing operations was $0.540 million or $0.07 per diluted share compared to net loss from continuing operations of $3.695 million or $0.67 per diluted share a year ago. Net income attributable to the company was $0.081 million or $0.01 per diluted share compared to net loss attributable to the company of $3.160 million or $0.57 per diluted share a year ago. Funds provided by operations were $7.662 million or $1.28 per diluted share against funds used in operations of $1.853 million or $0.32 per diluted share a year ago.

Diversicare Healthcare Services, Inc. Declares Quarterly Dividend, Payable on October 14, 2014

On August 6, 2014, 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 September 30, 2014, to be paid on October 14, 2014.

Diversicare Healthcare Services Inc. to Report Q2, 2014 Results on Aug 07, 2014

Diversicare Healthcare Services Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 07, 2014

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 4, 2014
Operations at Two Facilities in Ohio
Merger/Acquisition
April 3, 2014
Diversicare Rose Terrace LLC
Merger/Acquisition
March 3, 2014
Skilled Nursing Facility in Huntsville, Alabama
 

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