Hedge fund D.E. Shaw files new SEC notice opposing proposed DHC merger … Diversicare, therapists hit with $1.4M settlement over moonlighting allegations … WesleyLife launches foundation … Ochsner...
People in the news, May 30
May 30, 2023
Appointments, promotions and other news at the American Health Care Association / National Center for Assisted Living, American Senior Communities, Assisted Living Locators, Buckner Retirement Services,...
Big senior living stories of 2021
By
Lois A. Bowers
Dec 22, 2021
2021 began with the hope that the new COVID-19 vaccine being rolled out to assisted living communities and nursing homes would help control a pandemic that had caused so much illness, death, loneliness,...
Diversicare Healthcare Services looks to solidify DAC merger in fourth quarter
By
Kathleen Steele Gaivin
Nov 11, 2021
Diversicare Healthcare Services reported a third quarter net loss of $2.9 million in a press release issued Tuesday. The company recorded a net profit of $3.2 million in the same period in 2020.
Long-term care operator Diversicare to be acquired by DAC Acquisition
By
Lois A. Bowers
Aug 27, 2021
Brentwood, TN-based Diversicare Healthcare Services will be acquired by New York-based retirement assets manager DAC Acquisition, the company announced Friday morning. The transaction is expected to close...
Diversicare receives buyout offer
By
Kathleen Steele Gaivin
Aug 26, 2021
Shares of Diversicare Healthcare Services more than doubled in value last Friday following the announcement Thursday that MCS Plan and its manager Ephram “Mordy” Lahasky, doing business as DAC Acquisition,...
Provider Relief Funds and state grant funds that Diversicare Healthcare Services received during the second quarter of 2021 were used to offset increased healthcare-related expenses and lost revenues attributable...
Business Daily briefs for Wednesday, May 12
By
Kathleen Steele Gaivin
May 12, 2021
Lifesprk, Tealwood Senior Living bring together 35 senior living properties across multiple states … 2021 shaping up as ‘difficult year’ with ‘uneven’ road to recovery: National Health Investors...
Diversicare anticipates continued COVID-19 costs for 2021 but reports $1M in savings from Reliant deal
By
Amy Novotney
Mar 15, 2021
The COVID-19 pandemic led to an additional $32 million in healthcare-related expenses last year for Diversicare, and the Brentwood, TN-based skilled nursing operator expects 2021 will be another year of...
Skilled nursing operators will recover by 2022 — without federal help, says ratings agency
By
Amy Novotney
Dec 17, 2020
Although many in the senior care industry have been focusing on the recent surge in COVID-19 deaths and record low skilled nursing occupancy rates, one ratings agency says it’s banking on a full recovery...
