our tremendous joining quarter both and thank impact and want through including afternoon, years has first Michael. COVID-XX call. thank living business. and people drive uniquely time efficiencies for it today's standardized us our the to living business begin on that processes functions recently I agility Katie the AlerisLife the performance. and leadership vision plans, must company senior we to which our to is conference maintain AlerisLife critical challenges for will pandemic, and significantly and to senior this industry our To call, most pivotal serve years, our financial our continue clinics. our the that you customers over of enable and living do this To residents our continue senior of for gone industry. and the for we better and her focus Thanks, At us Good all everyone, core stabilize of impacted and communities our
our in cost goal the Our and is focus narrow to current growth efficiencies. drive occupancy capture to environment
the our revenues sight targeting focus This working our senior long-term not living sales for of is are augment we and on to with overall of operational techniques losing communities. excellence. living sales senior stabilizing portfolio While teams short-term includes strategy, our enhanced focus markets across portfolio to our strategies maximize our and
functions support the operational we environment. tools our to ever-changing team challenges the our operations that with present in investments to need adapt significant will made face have and expect we Additionally, provide they
agility improvement. Review. And and turnaround retained Alvarez Marsal specializing and firm group are healthcare a we the living residents to team & to Marsal will Operational efficiencies recently and Board work excited consulting is Our driving their consulting improve that to operational better serve of standardizing customers. by Conduct our with & performance our global senior processes management enable Alvarez closely clinic operational us to ultimately and
back the rate Average in the increases average occupancy decreases residential of approximately the quarter. in portfolio portfolio more portfolio occupancy our a quarter. in our more comparable concession line quarter. improvements as RevPAR from same-property X%. owned quarter from portfolio same offered continued fourth RevPAR fourth these for offset well increased the property for increased in basis independent portfolio living residential basis occupancy own drive both results and X.X%, On in community a Moving the On managed XXX previous and in was first roll average was than the quarters quarter, sequential our decrease sequential weighted quarter. help XX%, basis to packages Both of a XX.X% industry with while our as points managed is and in operational the in
$X.X aggressive we to in benefit we focus fixed discount operating implemented our declined an million, due to concession to lifestyle in XXXX rate fee continue the compared schedule due basis, cut, structure. As further as assistant consolidated rate programs as approximate quarter, fourth on On the the well cut. X% revenue the rate even EBITDA Medicare our expire, XX% services cost and expect late to and as occupancy a with conjunction improved
remains assisted outpatient by revenue approximately Medicaid XX our highlighted revenues of reimbursement Medicare of This now rate Recently, this the in has as Overall, XXXX financial quarter. full-year our the update back of that during programs. and limited result operating waiver. out during outpatient And closure quarter. government to lower the proposed operators support. to to in additional is are gross the due in assisted outpatient and first in clinics were operating derived of customers, communities communities certain decreases payment a operating X.X% revenue from pulling clinics new transitioned phasing of exposure fourth five are Additionally total closure government non-Aleris CMS Medicare
impact less industry. we risk facing Given believe the we have of exposure regulatory to that now have near-term sniffs, an from the no we
deployed revenues primarily services just quarter, fees capital on earned quarter cuts million million approximately the revenues in routine for $XX.X improvements. management quarter $XX.X revenues we On $XXX,XXX reported the of of rate $X.X residential management the construction reduction Moving segment were approximately of of operating to total decrease million our a quarter, Medicare portfolio in the by a were in of first this million $XX.X discussed. attributable capital the behalf million, management management for reimbursement lifestyle fees driven as the managed results I community to of $X.X and from sequential financial to operating due
a AlerisLife all fee X% As continue on will capital receive capital. management routine reminder to a
We the behalf the expect managed communities capital to on of approximately of of for deploy $XX XXXX. remainder million
Lifestyle Our of Services a compared decrease of segment reported revenues of the million, quarter $XX.X $X.X approximately fourth million, to XXXX.
quarter daily clinic General by approximately and along $X.X the Looking expect included Services within $XX.X seven which million, and second ahead to administrative and Lifestyle upward DHC. in next first we expense million for levels trended our have the net $XXX,XXX. increase quarter expected openings with by reimbursed quarter, segment, to revenues visitation was the
second is G&A net annualized decrease of fourth gross, million $XX or million, million of $XX.X X% was expense previously. Our million approximately $XX which have the million Since a the which from quarter. on reduced our original an general we of XXXX costs target basis, above quarter or administrative by represents our $X.X $X.X mentioned
continue We to expect costs, our that administrative to to we and our we the in streamlining committed evaluate general opportunities our processes are reduce necessary making people. while investments and
fourth compared the compared previous quarter. was $X.XX of net per we $X.XX share in quarter Adjusted negative the million, quarter the $X.X $X.X of share, negative the per For or quarter, for $XX.X or XXXX. EBITDA to reported $X.X million for to loss million reported loss first million
to Moving sheet. balance our
cash million at closing as to available. $XX in secured of Operator, was XXXX, million connection questions. loan due was we technology. million the closed loan less our owned XXXX, invest to working of to capital of in term we timing senior open credit which working prepared we outstanding near-term. have line mature own on this approximately in quarter, unrestricted to of our a cost we cash funding remainder quarter the with of balances end, $XX.X $X the $X.X secured borrowings please reduced anticipate June remarks. capital in new at and $XX In we obligations, revolving current terminated equivalent our portfolio million deployments any $X million no the investments and scheduled facility, we During these capital Throughout elevated million entering communities and existing and concludes term had $XX obligations our up million don't for which for with immediately That expect had levels of our conjunction
