Diversicare Healthcare Services, Inc. (NASDAQ:DVCR) announced Monday that Kelly J. Gill has retired as Chief Executive Officer.
Taking over is James R. McKnight, Jr. who had been serving as the Chief Financial Officer since joining Diversicare in August 2012.
“On behalf of the entire Board, we thank Kelly for his many contributions to Diversicare over the past eight years,” said Chad McCurdy, the Chairman of the Board in a statement. “He led the Company through very difficult economic times. In recent years, Kelly implemented several initiatives such as the full implementation of Electronic Medical Records at all of our facilities and the successful assumption of the operations of 22 centers in Alabama and Mississippi.
Prior to joining the Diversicare, McKnight served as Chief Financial Officer of NuScriptRX.
During the first quarter of 2018, Diversicare reported revenues of $141.3M, up 2.1% from the prior year.
Headquartered in Brentwood, TN, the company operates 75 skilled nursing facilities and one assisted living community across 10 states according to the Q1 2018 presentation.
Written by John Yedinak