-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, F3N52i3D76CIL0COBgQVkRXhv+QSgBR5bbMfDtUwGyI/ELamI2B6+4FdY275sNI+ RxzP1c8Dww/WO2S4KNFy8w== 0000892569-96-001786.txt : 19960910 0000892569-96-001786.hdr.sgml : 19960910 ACCESSION NUMBER: 0000892569-96-001786 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960823 ITEM INFORMATION: Acquisition or disposition of assets ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960906 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARV ASSISTED LIVING INC CENTRAL INDEX KEY: 0000949322 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-NURSING & PERSONAL CARE FACILITIES [8050] IRS NUMBER: 330160968 STATE OF INCORPORATION: CA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26980 FILM NUMBER: 96626608 BUSINESS ADDRESS: STREET 1: 245 FISCHER AVE STREET 2: SUITE D-1 CITY: COSTA MESA STATE: CA ZIP: 92626 BUSINESS PHONE: 7147517400 MAIL ADDRESS: STREET 1: 245 FISCHER AVENUE STREET 2: SUITE D-1 CITY: COSTA MESA STATE: CA ZIP: 92626 8-K 1 FORM 8-K DATED AUGUST 23, 1996 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): August 23, 1996 Commission file number 0-26980 ARV ASSISTED LIVING, INC. - ------------------------------------------------------------------------------- (Exact name of Registrant as specified in its charter) CALIFORNIA 33-016098 - --------------------------------------- ------------------- (STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.) 245 FISCHER AVENUE, D-1 COSTA MESA, CA 92626 - --------------------------------------- ------------------- (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE) (ZIP CODE) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (714) 751-7400 2 ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS. AMERICAN RETIREMENT VILLAS PROPERTIES II ("ARVP II") On July 26, 1996, ARV Assisted Living, Inc. (the "Company") filed a second tender offer (the "Offer") with the Securities and Exchange Commission disclosing its offer to purchase up to 3,715 limited partnership units of American Retirement Villas II, a California limited partnership, at a net cash price per unit of $720.00, less second quarter distributions. At the close of the Offer on August 23, 1996, holders of approximately 2,148 units tendered their shares representing approximately 6.2% of all units. When added to the previously acquired units, the Company owns 17,776 units or approximately 50.8% of the limited partnership units. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. No financial statements are attached. Financial Statements required pursuant to Rule 3-05 of Regulation S-X will be filed within 60 days of this 8-K. EXHIBIT 99. Press release dated August 27, 1996 discussing the results of the tender offer and acquisition of Gayton Terrace. 1 3 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. ARV Assisted Living, Inc. By: /s/ Patrick M. Donovan ------------------------------- Patrick M. Donovan Vice President Finance (Duly authorized officer) Date: September 5, 1996 2 EX-99 2 PRESS RELEASE DATED AUGUST 27, 1996 1 EXHIBIT 99 FOR IMMEDIATE RELEASE CONTACT: PATRICK M. DONOVAN AUGUST 27, 1996 ARV ASSISTED LIVING, INC. (714) 751-7400 ARV ASSISTED LIVING ANNOUNCES ACQUISITION OF MAJORITY INTEREST IN 10 ASSISTED LIVING FACILITIES ACQUISITION OF 92-UNIT RETIREMENT FACILITY IN VIRGINIA COSTA MESA, CALIF., AUGUST 27, 1996 -- ARV Assisted Living, Inc. (NASDAQ: ARVI) today announced it has completed the acquisition of a majority ownership interest in American Retirement Villas Properties II, a California limited partnership and the acquisition of a 92-unit retirement facility in Virginia. The Company reports that it has acquired an additional 6.1% interest in American Retirement Villas Properties II for approximately $1.5 million. Combined with the previously announced acquisition of a 44.6% interest for approximately $11.2 million, the Company now owns a 50.7% majority interest in the partnership. ARV Assisted Living will now consolidate the operations of the partnership for financial reporting purposes. American Retirement Villas Properties II owns or leases 10 assisted living facilities containing 941 units. The assisted living facilities, which are all located in California, had an average occupancy of 93% as of June 30, 1996. American Retirement Villas Properties II reported total revenue of $8.7 million and net income of $519,000 for the six-month ended June 30, 1996. ARV Assisted Living Chairman Gary L. Davidson said, "Our acquisition of the majority interest in American Retirement Villas Properties II is consistent with our long term strategy of increasing the number of assisted living facilities owned or leased by the Company." ARV Assisted Living also announced closing the transaction to acquire Gayton Terrace, a 92-unit retirement facility in Richmond, Virginia. The Company plans to add a 40-unit annex on the property. ARV Assisted Living, one of the largest operators of assisted living facilities in the nation, currently operates 39 facilities throughout the United States containing 4,915 units. Fourteen additional facilities are under development in California, Colorado, Florida, Massachusetts, Nevada, New Jersey, New Mexico, New York and Texas which, when completed, will bring the total number of assisted living facilities to 53 located in thirteen states. ### -----END PRIVACY-ENHANCED MESSAGE-----