A West Virginia entity last week said it has accumulated 400,000 shares of Brentwood-based Diversicare Healthcare Services, which runs 52 skilled nursing and senior housing centers. That amounts to 6.5 percent of Diversicare's share count (Ticker: DVCR) and makes Central Funding the company's fifth-largest owner based on its 2014 proxy statement. Central Funding shares a Charleston address and managing member with Stonerise Healthcare, which runs a handful of senior living centers in West Virginia.
Executives at Brookdale Senior Living last week finalized a $500 million debt package with GE Capital and other lenders that replaces the company's $250 million revolving line. The new credit line includes a $100 million term loan and $400 million in revolving debt. It also extends its maturity date by almost two years and lowers the interest rate on money drawn by 75 basis points.
National HealthCare Corp. has renewed its $75 million credit line with Bank of America. It is the seventh renewal of the revolving credit agreement, which matures in October 2015, for the Murfreesboro-based company.
"The credit facility allows us the financial flexibility to continue to implement our strategy of expanding our continuum of post-acute care services, which includes skilled nursing, assisted living, home care and hospice," Robert Adams, NHC CEO, said in a release.
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POSTDATA: WARRANTY DEEDS