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Diversicare Healthcare posts 4Q profit

BRENTWOOD, Tenn. (AP) _ Diversicare Healthcare Services Inc. (DVCR) on Thursday reported fourth-quarter net income of $1.4 million.

The Brentwood, Tennessee-based company said it had profit of 22 cents per share. Earnings, adjusted for one-time gains and costs, were 9 cents per share.

The long-term care services provider posted revenue of $135 million in the period.

For the year, the company reported a loss of $1.8 million, or 29 cents per share, swinging to a loss in the period. Revenue was reported as $426.1 million.

Diversicare Healthcare shares have dropped 8 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.55, a climb of 17 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DVCR at https://www.zacks.com/ap/DVCR


Keywords: Diversicare Healthcare Services, Earnings Report