Diversicare Healthcare Services Inc. lost $4.9 million during the third quarter, the company reported.
The Brentwood, TN-based provider of skilled and senior living services posted revenue of $118.6 million in the period.
“We have undertaken major steps to improve our clinical offerings and risk profile, renew our largest operating lease, improve our operating cost structure, and work through our open government matter,” Diversicare President and CEO Jay McKnight said. The company will “continue to explore opportunities to incrementally improve our current portfolio by focusing on improving revenue and the operational efficiency of our business,” he added.
