Diversicare exits Arkansas
Diversicare is terminating its lease on 11 Arkansas nursing facilities, exiting that market after more than 20 years.
Terminating the lease with Omega Health Partners on the Arkansas facilities will reduce beds in the Diversicare network by about a fifth. The company had roughly 5,100 beds in retirement communities and skilled nursing facilities at the end of 2012.
The company also recently took over operations of a Kentucky facility, and it reached an agreement with Catholic Health Partners to assume operations of four Midwest facilities by the end of the year.