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...
Business briefs for Tuesday, Nov. 3
Nov 03, 2020
Market ripe for senior living development: Radius Realty CEO … Seniors housing operating costs likely to remain high post-pandemic: Motley Fool … Ensign Group acquires 82-bed Texas SNF … Brandywine...
30 senior living organizations recognized for delivering ‘exceptional experiences’
By
Lois A. Bowers
Aug 26, 2020
Thirty senior living and care organizations have been recognized as winners in NRC Health’s second annual Employee Approved Awards and Customer Approved Awards, the healthcare consumer data and content...
Stimulus grants helping Diversicare and NHC withstand pandemic’s decreased revenue and significant...
By
Amy Novotney
Aug 07, 2020
Brentwood, TN-based Diversicare felt the impact of COVID-19 “in a very real way” in the second quarter, recording more than 2,500 positive cases in patients, residents and staff, affecting 56 of the...
Five-point plan will protect older adults, caregivers, LeadingAge says
By
Kimberly Bonvissuto
May 08, 2020
With several states beginning to reopen businesses but COVID-19 still a threat, LeadingAge on Thursday unveiled a five-point plan of actions it deems essential to protecting older Americans and frontline...
