Diversicare acquires SNF

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Diversicare Healthcare Services recently announced its acquisition of Park Place Nursing and Rehabilitation Center in Selma, AL for $8.75 million.

The acquisition for the 103-bed skilled nursing facility was completed July 1. The company predicted the deal will put its total revenue for all facilities above $8 million.

Diversicare operates 77 facilities in 10 states. The company's facilities offer a total of 8,556 skilled nursing beds.