Tennessee healthcare company booted from Nasdaq

Diversicare Healthcare Services, a Brentwood, Tenn.-based post-acute care provider, will be delisted from the Nasdaq on Oct. 21, according to the Nashville Business Journal, which cited a Securities and Exchange Commission filing.

The company is being delisted because its market cap fell below the minimum required to be on the Nasdaq exchange.

Diversicare's revenue totaled more than $563 million in 2018. It has more than 6,000 employees, according to the report.

More articles on healthcare finance:

9 latest hospital credit rating downgrades
10 hospitals seeking CFOs
RWJBarnabas Health CFO focuses on strategy in industry under 'economic siege'

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Learning Opportunities

Featured Whitepapers

Featured Webinars