BNET Industries

Advocat Inc.

(AVCA) is in the Health Care Industry

Market Cap:$36.9M
Last Fiscal Year Sales:$288.7M
  • Public
  • US
Dow Jones Description

Advocat is an advocate for the elderly. Founded in 1994 and headquartered in Franklin, TN, Advocat, Inc. (OTC: AVCA) operates nursing homes and assisted-living facilities. The company provides skilled nursing, recreational therapy, food services, social opportunities, and specialized ancillary services. It has about 43 nursing centers with about 4,500 beds in the US Southwest, mostly in rural areas. The company had 2005 revenue of about $203.7 million and employs about 4,680 people. In August 2005, it acquired Briarcliff Health Care Center in Oak Ridge, Tennessee, with 120-beds.

President & CEO
William R. Council III
Number of Employees 5,809
Contact Information

1621 Galleria Blvd

Brentwood, Tennessee 37027

www.irinfo.com

(615) 771-7575

NAICS Code Nursing Care Facilities: 623110

Recent Events

  • Advocat Announces 2009 Third Quarter Results

    11/10/09 - Financial Announcement - View Story

  • Advocat opens new facility in Texas

    8/27/09 - Joint Venture / Alliance - View Story

  • 5,800-Employee Healthcare Organization Sees Greater Business Benefits with UltiPro through SaaS

    7/14/09 - Licensing / Contract - View Story

News & Analysis

advocat inc. - All News and Analysis

  • Advocat Inc. Files Form 10-K

    - 1999-04-05

    FRANKLIN, Tenn.--BUSINESS WIRE--April 5, 1999--Advocat Inc. (NYSE:AVC) announced it filed Form 10-K for the year ended December 31, 1998 with the Securities and Exchange Commission on April 2, 1999. The Company's filing of the Form 10-K for the year ended December 31, 1998 was delayed pending (1)...

    Tags: Advocat Inc., Business Wire, Company, FINANCE, SEC

  • Advocat Inc. Files Extension for Reporting Fiscal 1998

    - 1999-03-31

    FRANKLIN, Tenn.--BUSINESS WIRE--March 31, 1999--Advocat Inc. (NYSE:AVC) today announced it anticipates filing with the Securities and Exchange Commission, under Rule 12b-25, a notification of late filing for its Form 10-K for the year ended December 31, 1998. The Company's notification will state that it was unable to file the...

    Tags: Advocat Inc., Company, FINANCE, SEC

  • Advocat Inc. Receives Unsolicited Exchange Offer

    - 1998-09-02

    FRANKLIN, Tenn.--BUSINESS WIRE--Sept. 2, 1998--Advocat Inc. (NYSE: AVC), announced today that it has received information concerning an unsolicited exchange offer from newly-formed AVC Holding Co. of Atlanta, Georgia ("Holding"), to acquire Advocat Inc. for consideration consisting primarily of Holding common stock.According to securities filings made by Holding, Holding is controlled...

    Tags: Advocat Inc., Benefits, Business Wire, Company, FINANCE, HEALTHCARE, Investment, SOFTWARE

Decision Makers

Name (plus bio) Position
William R. Council III President & CEO
L. Glynn Riddle CFO & Executive Vice President
Ray Tyler COO & Executive Vice President
David Hickman Vice President, HR
Robert Z. Hensley Director
William C. O'Neil Director

Board of Directors

Name (plus bio) Position
Wallace E. Olson Chairman
Richard M. Brame Board of Directors
William C. O. Neil Jr. Board of Directors

"Member of the Board of Directors of the Company since 2002; President and Chief Executive Officer from March 2003 to present; Interim Chief Executive Officer from October 2002 to March 2003; Executive Vice President, Chief Financial Officer and Secretary of the Company from March 2001 to December 2002. Mr. Council is a Certified Public Accountant."

Organization Position Status
Advocat, Inc. President & CEO Current
Advocat, Inc. President & CEO Current

Organization Position Status
Advocat, Inc. CFO & Executive Vice President Current

Organization Position Status
Advocat, Inc. COO & Executive Vice President Current

Organization Position Status
Advocat, Inc. Vice President, HR Current

Organization Position Status
Advocat, Inc. Chairman Current
Advocat, Inc. Chairman Current

"Member of the Board of Directors of the Company since December 2002; Chief Financial Officer of Covington Senior Living, LLC, Atlanta, GA. President of Regency Health Management, LLC from July 1999 to March 2008; President of Regency Healthcare, LLC from 2006 to March 2008; President of Ooltewah Investments, Inc. from 1992 to 2006. President of the General Partner of San Angelo Nursing Center, LP from October 2001 to March 2005."

Organization Position Status
Advocat, Inc. Board of Directors Current

Mr. Hensley has served as a director since November 2006. Mr. Hensley served from 1990 to 2002 as an audit partner and, from 1997 to 2002, as office managing partner, for the Nashville office of Arthur Andersen LLP. From 2002 to 2003, he was an audit partner in the Nashville office of Ernst & Young LLP. He currently serves on the boards of directors, compensation committees and audit committees of HealthSpring, Inc., Advocat, Inc. and Spheris, Inc.

Organization Position Status
COMSYS IT Partners, Inc. Chairman Current
Healthspring, Inc. Chair Current
Texas Healthspring, Inc. Board of Directors Current
Advocat, Inc. Director Current
Capella Healthcare Board of Directors Current
COMSYS IT Partners, Inc. Director Current
The University of Tennessee Master of Accountancy Degree Former
The University of Tennessee B.S. In Accounting Former

"Member of the Board of Directors of the Company since 1994; Private Investor; director of Healthways, Inc., a specialty health care service company; director of American HomePatient, Inc., a provider of home health care products and services."

Organization Position Status
Advocat, Inc. Director Current
American HomePatient Inc. Board of Directors Current
Sigma-Aldrich Corporation Board of Directors Current
Healthways, Inc. Board of Directors Current
Jrh Biosciences, Inc. Former
Kenlor Industries, Inc. Former

Mr. O Neil, 74, has served as a director of the Company since 1985. From 1989 to 1999, Mr. O Neil was the Chairman, President and Chief Executive Officer of ClinTrials Research, Inc., a pharmaceutical research services company. Prior thereto, Mr. O Neil was Chairman, President and Chief Executive Officer of International Clinical Laboratories, Inc., a national laboratory testing company. Mr. O Neil is also a director of American HomePatient Inc., where he is a member of the Audit Committee, and Advocat, Inc., where he serves as Chair of the Audit Committee. Mr. O Neil is a member of the Compensation Committee on each of these boards of directors.

Organization Position Status
Advocat, Inc. Board of Directors Current
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     AVCA $6.51 -0.14 (-2.11% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 31,248
Shares Outstanding 5.68M
Market Cap 37.0M
Year High 8.94
Year Low 1.55
Earnings Per Share 0.59
P/E Ratio 11.03
Dividend 0.20
Yield 3.07
IndustryTop Rated
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