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BUSINESS DEVELOPMENTS AND OTHER SIGNIFICANT TRANSACTIONS
3 Months Ended
Mar. 31, 2021
Business Combinations [Abstract]  
BUSINESS DEVELOPMENTS AND OTHER SIGNIFICANT TRANSACTIONS BUSINESS DEVELOPMENTS AND OTHER SIGNIFICANT TRANSACTIONS
Therapy Services
Effective November 1, 2020, the Company entered into agreements with a third party therapy company to outsource the therapy services that were previously provided by the Company through its wholly owned subsidiary Diversicare Therapy Services. The outsourced services include all physical, occupational, and speech therapy provided to patients of the Company’s facilities. The costs associated with these outsourced therapy services are included in Operating Expenses in the Company's Consolidated Statement of Operations. The contracts are for a three-year term, absent termination for cause by either party.
2020 Lease Amendment
On December 1, 2020, the Company entered into an agreement with Omega to transfer operations of a facility located in Florida to another operator. The agreement effectively amended the Omega Master Lease to remove this center, reduce the annual rent expense, and release the Company from any further obligations arising under the Omega Master Lease with respect to the Florida facility. The remaining Lease terms remain unchanged with an initial term of twelve years and two optional 10-year extensions. The annual lease fixed escalator remains at 2.15%.