Advocat Announces Name Change
14 March 2013 - 11:00PM
Advocat Inc. (Nasdaq:AVCA), a premier provider of long term care
services primarily in the Southeast and Southwest, today announced
that the Company will be changing its legal name to Diversicare
Healthcare Services, Inc. in alignment with the naming of its
operating subsidiaries. Effective after the close of business on
March 15, 2013, NASDAQ will migrate the Company's ticker symbol
from AVCA to DVCR. The Company's website, www.advocat-inc.com, soon
to be www.dvcr.com, will reflect the rebranding before the market
opens on March 18, 2013.
Commenting on the name change, Kelly J. Gill, the Company's
President and Chief Executive Officer, stated, "We are excited to
be rebranding our public company to match the naming of our
operating subsidiaries and branding of our healthcare centers.
Diversicare's mission is to improve every life we touch by
providing exceptional healthcare and exceeding expectations. The
Diversicare culture is built on the five core values of Integrity,
Excellence, Compassion, Teamwork and Stewardship. These values
apply not only in providing quality care, but also in our
relationship with our shareholders. Our patients and residents, as
well as many of our shareholders, know us as Diversicare and we are
proud to have unified branding throughout our organization.
Diversicare is a trusted name with decades of quality care as its
legacy. This change in name and refocusing on our mission, vision
and values is another step in our commitment to growing shareholder
value and providing quality patient care."
Diversicare provides long-term care services to patients in 48
skilled nursing centers containing 5,538 licensed nursing beds,
primarily in the Southeast and Southwest. For additional
information about the Company, visit our website:
www.advocat-inc.com or www.dvcr.com.
CONTACT: Company Contact:
Kelly J. Gill
Chief Executive Officer
615-771-7575
Investor Relations:
Charles Lynch
Westwicke Partners
443-213-0504
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