News

Diversicare Healthcare Services posts fourth-quarter profit of $943,000

BRENTWOOD, Tenn. (AP) _ Diversicare Healthcare Services Inc. (DVCR) on Thursday reported fourth-quarter net income of $943,000.

On a per-share basis, the Brentwood, Tennessee-based company said it had profit of 15 cents. Earnings, adjusted to account for discontinued operations and costs related to mergers and acquisitions, were 21 cents per share.

The long-term care services provider posted revenue of $19.2 million in the period.

For the year, the company reported profit of $1.6 million, or 26 cents per share. Revenue was reported as $387.6 million.

Diversicare Healthcare shares have fallen almost 1 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.10, a decrease of 22 per cent 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 http://www.zacks.com/ap/DVCR

_____

Keywords: Diversicare Healthcare Services, Earnings Report