Advocat Announces Resignation of Chief Executive Officer and Appointment of Kelly Gill to the Position of President
17 September 2011 - 6:00AM
Advocat Inc. (Nasdaq:AVCA) today announced that William R. Council,
III, has resigned as Chief Executive Officer and Director of
Advocat effective September 30, 2011 to pursue other opportunities.
The Company also announced that it has appointed Kelly Gill as
President of the Company effective immediately. Mr. Gill joined
Advocat in March 2010 as Chief Operating Officer.
The Chairman of the Board, Wallace Olson, said, "We are pleased
to have Kelly take on additional responsibilities with the Company
and look forward to his continued success." Mr. Olson added, "On
behalf of the entire Board, we thank Will for his many
contributions to Advocat over the past ten plus years. Initially as
the Company's Chief Financial Officer, and later as Chief Executive
Officer, he led the Company through very difficult economic times
when the industry was in financial stress. In recent years, Will
implemented several initiatives such as our extensive facility
renovation program and the addition of higher margin services for
our senior patients which have driven occupancy and profitability.
As a result, Advocat's performance in 2011 is among the best in our
profession and Will leaves the Company in a very strong
position."
Prior to joining the Company, Mr. Gill served as President of
Hallmark Rehabilitation GP, LLC and Hospice Care of the West,
subsidiaries of Skilled Healthcare Group, Inc. He joined Skilled
Healthcare in March 2009 as Executive Vice President. From 2001 to
2008, Mr. Gill served as Chief Operating Officer of Outpatient
Imaging Affiliates, a privately held diagnostic imaging
healthcare-services organization focused on the development of
state-of-the-art diagnostic imaging centers in partnership with
hospitals, physicians and major academic institutions. Mr. Gill has
more than 20 years of experience in the long term care industry,
having had leadership responsibilities over more than 200
facilities during his career.
About Advocat Inc.
Advocat is a premier provider of long term care services to
patients in 46 skilled nursing centers, primarily in the Southeast
and Southwest. For additional information about the Company, visit
Advocat's web site:www.advocatinc.com.
CONTACT: Company Contact:
Glynn Riddle, CFO
(615) 771-7575
Investor Relations:
Rodney O'Connor
Cameron Associates
(212) 554-5470
Diversicare Healthcare Services, Inc. (MM) (NASDAQ:AVCA)
Historical Stock Chart
From Apr 2024 to May 2024
Diversicare Healthcare Services, Inc. (MM) (NASDAQ:AVCA)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Diversicare Healthcare Services, Inc. (MM) (NASDAQ): 0 recent articles
More Advocat Inc. News Articles