Diversicare buys back preferreds

Diversicare Healthcare Services last week paid about $5 million to buy back all of its Series C Preferred Stock from Omega Health Investors. The move came after Omega officials called in their option — which had been redeemable since the fall of 2010 — to have Diversicare buy back the shares. Diversicare's common shares (Ticker: DVCR) have nearly doubled this year and opened Thursday trading at $8.81.