Good thank financial Financial Chief Thank call. quarter provide joining the third later you, Officer, Diversicare’s in our you, Sabrina. call. Jay Also McKnight, for XXXX details the earnings with afternoon. And me is, who’ll
to discuss quarter’s developments afternoon have before the important We a into this financial diving few results.
hurricane nursing the by pleased centers. to to of First, that impact in I start in activities we of provide the to hurricane would prevent will Florida, to In four financial the three the and the like by impacted storms preparation discussing these area information off which report I'm the rains directly and have on of Jay later Harvey. impact of need helped in torrential skilled Texas, centers, Irma our call. extensive Harvey hurricane were Houston evacuate the
and the of result, lasted days. for evacuate. to to residents a the and coupled our enough in a had the the centers and nursing in severe the dedication the maintain be preparation evacuations. our avoid ability as to remain provide which centers of we place the Florida, shelter provisions, allowing our successful patients than shelter team necessary to in center, redundant fair, care our our advance supplies throughout center To evacuate. in broader placement the magnitude team power under no can allowed prevent the living context events to conditions were amount where systems, To storm, and and Irma As outcomes. dramatic duration place skilled - and emergency several the preparation the to fully of XX forced the appreciate passed In our with so need hurricane eye of over equally for members center of storm, area assisted Wauchula ultimately directly unwavering Once more Houston of including air-conditioning again saw
damage cleared were storm exemplary knew our eyes of care However, members had Once the we dedication impacted storms. circumstances, these and in residents Despite all professionals, the trying affected the the receive situational in of my good to members and that Many could they assess other members affected our their peril patients lives. I incredibly significant the and acts unselfish team in storms. and hardships, enough are our to team help others take were situations and allowed duration their lost who we our to throughout real-time incredible their ways. we storm dedicated patients of who management storms team we of rebuild and also possessions, both and of continue our cannot through personal proactive our remained steadfast residents that care both their our things grateful to the significant were these to homes centers. heroism about say personal in by displayed steps and in
important our and is another. proud and Diversicare over in Florida, demonstrated one we I'm take well service affected Relief were the Foundation, Disaster these of of donations and XXX press Diversicare by of team and have to over the the Ultimately joint Texas in most how to we foundation seen care release provide funds $XXX,XXX members. You may stated Diversicare and which standards, individuals have one the received which to family that distributed assistance incredibly
news moving Now to positive the in on other quarter.
center X. I'm operations. stage our has last expectations in been platform Selma, that this integrated You this the to successfully Alabama Park acquired that to we of our July from at onto performing Place call on and may say Diversicare remember is pleased
for of this and in approximately recorded roughly operating which property $X.X of level quarter, portfolio, slightly only is a include income expenses of in center the facility $XXX,XXX desire termination For to million the center expense to lease. year excess less owner was revenue third-party payment operating of contributing than million, Diversicare the our the $X.X on quarter, operates we remaining center right with of the in [Mississippi]. third of end centers assumed exit a operating The on Golden initially as years with of skilled $XXX,XXX With portfolio. We also remaining owner track the his this operations completed the we a our to center Therefore estimates. At cooperative single on payment quarter, in the this of with a in quarter. well, Living of had nursing lease, a offered accelerate $XXX,XXX lease. other a two the net a with
and announced the we operate, facilities entered the With we XX a Master our the Lease, in Lease. a operational of and XX of with binding including the the renewal into the new that now At Master into the former centers sheet of own exit we in of leases of the quarter, we also end Aviv total consolidation term XX have this the centers Selma Omega our of acquisition for for lease of our center portfolio.
of base year of new its leases in XXXX XX needs. renewal for of renovations completed lease a in XX-year Aviv April terms fixed the acquisition related from is The with years a respective will and the also lease final for key today. recall include initial initial October of X.XX%, provides the in each of You of escalator support the and This also term options after XXXX. Omega two on Other that rent continuation the the capital initial existence commence term. an may beginning X, rent of at Omega and
over on with exit a work term the lease for allow be prescribed certain method arise. in Omega Additionally, the centers the calls sheet us to needs as will that of to finalized time
situations to important ability of as the portfolio an part facilities having change strategy. know, certain management our is exit you As
quarter as Now million combined $XXX.X and the the for beds Total of the quarter. operating quarter and of respectively, to occupancy XX.X%, skilled but our soft, available of results well historical the to discuss was was I’d Total XX.X% of a Overall, expenses, net for same within rates revenue, like percent with to XX.X%. XX.X%, for were last the revenue period year. the day slightly increased compared mix XX.X%, average per weighted still ranges.
$XX.X and the centers. down our of of board period increased group as year new the Revenue by and to softer Our average year-over-year compared to $XXX,XXX prior result million $XXX, last just $X.XX XX was and of average same-store a revenue canters skilled The room was slightly room of over as Medicare rate $XXX.XX. primarily increased Medicaid our the under rate board mix. of slightly result to growth
revenue basis On a net percent our points year. result The to by of of $XXX,XXX improved the year a expense loss quarterly XX loss ago as expenses XX.X%. is from side, of decreased a $XXX,XXX to this our operating that loss a
receipt. items hurricane broader in year $X.X cost our increased Finally, million and lease EBITDA $X.X termination acquisition by and compared the context, of was a adjusted last XX%, adjusting of million for net quarter, and the to the
On residents service care patients us. the those delivery of side, and to to in quality and to quality excel we entrusted our continue
providing of priorities. which receive. increase and domain of Our be care care of important they top X.XX. was will from services is important most an pride measure patients’ in and take aggregate second our our continue X.XX, strategic the quarter the third We quality quarter Quality the Measures was to it perception Equally
reveal results our that proud Corporation, average that Resident surveys from the in are We by recently industry Satisfaction the and both satisfaction. exceed patient we the conducted National resident Research Patient
In patient that, over over last I’ll XXth fact, to turn the months. With we XX percentile for of all short score in stay Jay. the the satisfaction providers call
