Assisted Living Stock Drops; Occupancy Continues to Decline at Centers
The Milwaukee Journal Sentinel › November 13, 2007
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Summary
Assisted Living Concepts Inc. stock fell 10.5% Monday after the company reported that occupancy at its centers continued to fall.
The decline follows the company's move this year to no longer accept residents whose care is paid for by Medicaid programs at many of its assisted living centers, forcing hundreds of elderly residents to find new places to live.See the full content of this document
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Assisted Living Stock Drops; Occupancy Continues to Decline at Centers
The company, based in Menomonee Falls, reported net income of $4.2 million, or 6 cents a share, on revenue of $57.9 million for its third quarter ended Sept. 30.
That was up from net income of $296,000, or 1 cent a share, on revenue of $58.8 m...See the full content of this document
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