First subtraction, now additions: Diversicare CEO Steve Nee on rebuilding the brand
By
Kimberly Marselas
Dec 04, 2023
Two years after becoming a private company, Tennessee-based Diversicare is a leaner organization, and one ready to take on new opportunities, CEO Steve Nee says.
Diversicare, therapists hit with $1.4M settlement over moonlighting allegations
By
Kimberly Marselas
Jul 13, 2023
Diversicare Healthcare Services and two occupational therapists have agreed to pay nearly $1.4 million to resolve claims that the provider “condoned” therapists who clocked into nursing homes and then...
Worried about private equity in skilled nursing? There’s a way to stem the tide.
By
Kimberly Marselas
Sep 01, 2021
Some see a troubling trend growing in nursing home ownership.
Diversicare acquisition could be an example of what’s to come
By
Danielle Brown
Aug 30, 2021
The merger agreement between Diversicare Healthcare Services and DAC Acquisition is the latest example of a “pattern of consolidation” that could be accelerating throughout the industry since the pandemic,...
Diversicare facilities have reached herd immunity: top exec
By
Danielle Brown
May 13, 2021
The top leader for Diversicare Healthcare Services believes herd immunity levels have been reached across its 61 centers following the completion of the federally-sponsored vaccine clinics.
Federal COVID-19 relief funding a ‘primary support’ for long-term care, exec says
By
Danielle Brown
Nov 06, 2020
Federal COVID-19 stimulus funding has been crucial to the stability of Diversicare Health Services’ operations, according to Jay McKnight, the firm’s president and CEO.
PDPM cost savings dwindle following COVID-19, Sabra CEO says; occupancy likely to fall across industry,...
By
Danielle Brown
May 08, 2020
The cost savings from the Patient Driven Payment Model have “pretty much gone away” following the onset of the coronavirus pandemic, Sabra Health Care REIT CEO Rick Matros revealed Thursday.
DOJ settles separate therapy billing disputes with Diversicare and Guardian Elder Care for nearly $25M
By
Danielle Brown
Feb 20, 2020
A dispute over therapy billing practices by Diversicare Healthcare Services has been resolved after the company announced on Wednesday its settlement agreement with the Department of Justice has been finalized.
Faith-based provider forced to sell off 6 nursing homes
By
Tim Mullaney
Oct 01, 2013
Catholic Health Care Services of the Archdiocese of Philadelphia, one of the nation’s largest faith-based long-term care providers, has announced it will sell its six nursing homes and one assisted...
Diversicare exits Arkansas
By
Tim Mullaney
Sep 01, 2013
Diversicare is terminating its lease on 11 Arkansas nursing facilities, exiting that market after more than 20 years.