0000950123-11-027569.txt : 20110322 0000950123-11-027569.hdr.sgml : 20110322 20110322093325 ACCESSION NUMBER: 0000950123-11-027569 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110322 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110322 DATE AS OF CHANGE: 20110322 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVOCAT INC CENTRAL INDEX KEY: 0000919956 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-SKILLED NURSING CARE FACILITIES [8051] IRS NUMBER: 621559667 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12996 FILM NUMBER: 11702801 BUSINESS ADDRESS: STREET 1: 1621 GALLERIA BLVD. CITY: BRENTWOOD STATE: TN ZIP: 37027 BUSINESS PHONE: 6157717575 MAIL ADDRESS: STREET 1: 1621 GALLERIA BLVD. CITY: BRENTWOOD STATE: TN ZIP: 37027 8-K 1 g26568e8vk.htm FORM 8-K e8vk
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported)
March 22, 2011 (March 22, 2011)
ADVOCAT INC.
(Exact Name of Registrant as Specified in Charter)
         
Delaware   001-12996   62-1559667
         
(State or Other Jurisdiction of
Incorporation)
  (Commission File
Number)
  (IRS Employer
Identification No.)
1621 Galleria Boulevard, Brentwood, TN 37027
(Address of Principal Executive Offices) (Zip Code)
(615) 771-7575
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 8.01.   Other Events.
On March 22, 2011, the Registrant announced that it had engaged Raymond James & Associates, Inc. to assist with its growth strategy, with emphasis on identifying potential acquisition opportunities. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.
Item 9.01.   Financial Statements and Exhibits.
     (d) Exhibits
         
Number   Exhibit
  99.1    
Press Release dated March 22, 2011.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
         
  ADVOCAT INC.
 
 
  By:   /s/ L. Glynn Riddle, Jr.    
    L. Glynn Riddle, Jr.   
    Chief Financial Officer   
 
Date: March 22, 2011

 


 

EXHIBIT INDEX
     
Number   Exhibit
99.1  
Press Release dated March 22, 2011.

 

EX-99.1 2 g26568exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
(AVCA Advocat)
     
Company Contact:
  Investor Relations:
William R. Council, III
  Rodney O’Connor
President and CEO
  Cameron Associates
(615) 771-7575
  (212) 554-5470
Advocat Engages Firm to Assist with Growth Strategy
 
BRENTWOOD, TN, (March 22, 2011) — Advocat Inc. (NASDAQ: AVCA) today announced that it has engaged Raymond James & Associates, Inc. to assist the company, with emphasis on identifying potential acquisition opportunities.
William R. Council, III, Chief Executive Officer of Advocat, stated, “We have selected Raymond James to assist the company on a variety of fronts, with particular emphasis on exploring strategic growth and acquisition opportunities. We have not expanded our business with acquisitions since the purchase of seven Texas nursing home facilities in 2007. Since that transaction, we have strengthened operations and financials and are in a position to accelerate growth through selective acquisitions. Since a significant number of skilled nursing facilities are operated by small private companies, we believe that there should be an opportunity to engage in acquisitions of these entities, allowing owners of select properties to monetize their investments. Since most states require a certificate of need to open a new nursing home facility, we believe that the primary opportunity to grow our company in a significant way is through such acquisitions. The healthcare investment banking group of Raymond James & Associates is one of the best, largest and most successful healthcare-focused advisory service practices in the United States.”
Advocat provides 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.
###

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