Diversicare Healthcare Services, Inc. (NASDAQ:DVCR) Files An 8-K Completion of Acquisition or Disposition of AssetsItem 2.01. Completion of Acquisition or Disposition of Assets.
On December 1, 2018, the Company completed its previously announced sale of assets of Diversicare of Fulton, LLC, Diversicare of Glasgow, LLC and Diversicare of Clinton, LLC for a purchase price of $18.7 million, less estimated purchase price adjustments.
Item 9.01. Financial Statements and Exhibits.
(b) Pro Forma Financial Information
Pro forma financial information relative to the disposed of businesses as required under Item 9.01 of Form 8-K in connection with the dispositions are attached as Exhibit 99.1.
(d) Exhibits
NumberExhibit
Diversicare Healthcare Services, Inc. ExhibitEX-99.1 2 a991unauditedproformafinan.htm EXHIBIT 99.1 Exhibit UNAUDITED PRO FORMA CONDENSED FINANCIAL INFORMATIONThe accompanying unaudited pro forma condensed statements of operations (the “Pro Forma Statements of Operations”) for the nine months ended September 30,…To view the full exhibit click here
About Diversicare Healthcare Services, Inc. (NASDAQ:DVCR)
Diversicare Healthcare Services, Inc. provides post-acute care services to nursing center patients and residents in approximately nine states, primarily in the Southeast and the Southwest United States. The Company’s post-acute care services to patients and residents include skilled nursing, ancillary healthcare services and assisted living. In addition to the nursing, personal care and social services that are provided in long-term care centers, the Company offers a range of rehabilitative, respiratory and other ancillary services. The Company’s operations consist of approximately 60 nursing and senior housing centers with approximately 6,060 licensed nursing beds. Its nursing centers range in size from 48 to 320 licensed nursing beds. The nursing centers provide nursing healthcare services, including nutrition services, recreational therapy, social services and laundry services. The Company operates in Alabama, Florida, Indiana, Kansas, Kentucky, Missouri, Ohio, Tennessee and Texas.