Profile: Skilled Healthcare Group Inc (SKH.N)

SKH.N on New York Stock Exchange

6.55USD
1 Aug 2013
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Skilled Healthcare Group, Inc. (Skilled), incorporated in October 2005, is a holding company. The Company owns subsidiaries that operate skilled nursing facilities, assisted living facilities, hospices, home health providers and a rehabilitation therapy business. It operates in three segments: long-term care (LTC), which includes the operation of skilled nursing facilities and assisted living facilities; therapy services, which includes its integrated and third-party rehabilitation therapy services, and hospice and home health services, which includes its hospice and home health businesses. As of December 31, 2011, the Company owned or leased 74 skilled nursing facilities and 23 assisted living facilities, together comprising 10,495 licensed beds. On July 1, 2011, it acquired Altura Homecare & Rehab, which is a home health care agency serving the Albuquerque. On July 11, 2011, it acquired the real property and related operations of Willow Creek Memory Care.

On October 24, 2011, the Company acquired all of the assets of Cornerstone Hospice, Inc., which provides hospice services in the Colton, California and Phoenix, Arizona areas. Its nursing and assisted living facilities are located in California, Texas, Iowa, Kansas, Missouri, Nebraska, Nevada and New Mexico. The Company owned 76.5% of these facilities as of December 31, 2011. During the year ended December 31, 2011, it generated approximately 76.2% of its revenue from its skilled nursing facilities, including its integrated rehabilitation therapy services at these facilities.

Long-Term Care Services Segment

As of December 31, 2011, its skilled nursing companies provided skilled nursing care at 74 regionally clustered facilities, having 9,183 licensed beds, in California, Texas, Iowa, Kansas, Missouri, Nebraska, Nevada and New Mexico. Many of its skilled nursing facilities are equipped to provide specialty care, such as chemotherapy, enteral/parenteral nutrition, tracheotomy care and ventilator care. It also provide standard services to each of its skilled nursing patients, including room and board, special nutritional programs, social services, recreational activities and related healthcare and other services. As of December 31, 2011, the Company operated 62 Express Recovery units with 2,227 beds. As of December 31, 2011, its skilled nursing care business provided assisted living services at 23 facilities with 1,312 beds. Its assisted living companies provide residential accommodations, activities, meals, security, housekeeping and assistance in the activities of daily living to seniors, who are independent or who require some support.

Therapy Services Segment

As of December 31, 2011, the Company provided rehabilitation therapy services to a total of 186 healthcare facilities, including 64 facilities owned by it. In addition, it has contracts to manage the rehabilitation therapy services for its 10 healthcare facilities in New Mexico. It provides rehabilitation therapy services at the skilled nursing facilities, as part of an integrated service offering in connection with its skilled nursing care.

Hospice and Home Health Services Segment

As of December 31, 2011, it provided hospice care services in Arizona, California, Nevada, Idaho, Montana, and New Mexico. Hospice services focus on the physical, spiritual and psychosocial needs of terminally ill individuals and their families, and consist primarily of palliative and clinical care, education and counseling. Its home health care services consist of providing some combination of the services of registered nurses, speech, occupational and physical therapists, medical social workers and certified home health aides.

Company Address

Skilled Healthcare Group Inc

Suite 200, 27442 Portola Parkway
FOOTHILL RANCH   CA   92610
P: +1949.2825800
F: +1949.2825889

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