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Advocat (AVCA)

Advocat, Inc. provides a range of nursing, social and other long-term care services to the elderly including skilled nursing, ancillary health care services and assisted living. To distinguish itself in the industry, Advocat also offers a variety of rehabilitative, nutritional, respiratory and other specialized ancillary services. Advocat’s objective is to become the provider of choice of health care and related services to the elderly in the communities where it operates. The company’s operating strategy is based upon providing a broad range of cost-effective elder care services, increasing occupancy in its nursing centers through physical plant improvements and an increased emphasis on marketing efforts, improving the quality of its payor mix and clustering its operations on a regional basis.

As of December 31, 2005, Advocat’s continuing operations included 43 nursing centers containing 4,505 licensed nursing beds and 78 assisted living units. In its 2005 annual report, Advocat announced plans to specialize in the skilled nursing aspect of long-term care and divest its assisted living facilities. At that time Advocat was operating skilled nursing centers that it owned or was leasing, ranging in size from 48 to 180 licensed nursing beds and located in Alabama, Arkansas, Florida, Kentucky, Ohio, Tennessee, Texas and West Virginia.

In a transaction that closed May 16, 2006, Advocat sold 11 assisted living facilities (ALFs) that were part of a portfolio of 15 owned and 14 leased ALFs that previous management had acquired in 1997 from Pierce Management Group for $34.1 million. The transaction allowed Advocat to rid itself of most of its assisted living component to concentrate on its skilled nursing business.

Advocat, Inc.
1621 Galleria Boulevard
Brentwood, TN 37027
Phone 615-771-7575
Fax 615-771-7409

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