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DIVERSICARE ANNOUNCES EXPANSION OF ALABAMA FOOTPRINT WITH ADDITION OF ST. MARTIN’S IN THE PINES

By December 19, 2023Announcements

BRENTWOOD, TN – (December 19, 2023) – Diversicare Healthcare Services, LLC, a premier provider of long-term care services, announced today that the Company recently completed the transition to assume ownership of St. Martin’s in the Pines, a 316-unit Continuing Care Retirement Community (CCRC) located in Birmingham, Alabama. This acquisition further solidifies Diversicare as Alabama’s largest skilled nursing provider with 20 locations and 2,208 licensed beds.

Commenting on the acquisition, Steve Nee, the Company’s Chief Executive Officer, stated, “We are incredibly excited about the opportunity to expand our footprint in the Birmingham market, an area that we know and love.” Nee continued, “We look forward to honoring the legacy that St. Martin’s has built over decades of service to this community by continuing the provision of exceptional care to our patients and residents at this location.”

This acquisition represents a strong strategic fit with Diversicare’s approach for growth, expanding into assisted and independent living services. St. Martin’s in the Pines is operated under the experienced leadership of Trina Vines, Administrator, and Sloan Phillips, Director of Nursing Services. “St. Martin’s in the Pines has exemplified service excellence in the Birmingham area and proved strong values that align with Diversicare’s Mission to improve every life we touch by providing exceptional healthcare and exceeding expectations. We are thrilled to have them join the Diversicare family,” stated Becky Bodie, Diversicare Chief Operating Officer

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About Diversicare Healthcare Services, LLC.

At the time of this release, Diversicare provides long-term care services to patients in 46 skilled nursing and senior housing centers in five states, containing 5,076 licensed beds. For additional information about the Company, visit Diversicare’s web site: www.DVCR.com.