| Business Summary | | Advocat
Inc.
provides
a
broad
range
of
long-term
care
services
to
the
elderly,
including
assisted
living,
skilled
nursing
and
ancillary
healthcare
services
in
12
states,
primarily
in
the
Southeast,
and
four
Canadian
provinces.
As
of
December
31,
2000,
Advocat's
portfolio
includes
120
facilities
composed
of
64
nursing
homes
containing
7,230
licensed
beds
and
56
assisted
living
facilities
containing
5,425
units.
Within
this
portfolio,
36
facilities
are
managed
on
behalf
of
other
owners,
29
of
which
are
on
behalf
of
unrelated
owners
and
seven
in
which
the
Company
holds
a
minority
equity
interest.
The
remaining
facilities,
consisting
of
61
leased
and
23
owned
facilities,
are
operated
for
the
Company's
own
account.
In
the
United
States,
the
Company
operates
51
nursing
homes
and
33
assisted
living
facilities,
and
in
Canada,
it
operates
13
nursing
homes
and
23
assisted
living
facilities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Advocat,
Inc.
provides
long-term
care
services
to
nursing
home
patients
and
residents
of
assisted
living
facilities.
As
of
12/98,
the
Company
operated
63
nursing
homes
and
52
assisted
living
facilities
in
11
states
and
two
Canadian
provinces.
For
the
six
months
ended
6/01,
revenues
rose
4%
to
$99.9
million.
Net
loss
totalled
$3.8
million
vs.
an
income
of
$158
thousand.
Results
reflect
increased
patient
revenues,
offset
by
increased
wages. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Charles Birkett, M.D., 64 Chairman,
CEO | $325K | Charles Rinne, 52 Pres,
COO | 250K | Will Council, III, 39 CFO,
Exec. VP | -- | Paul Richardson, 52 Exec.
VP | 124K | Jim Bucaric VP
of Marketing | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|