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Article: Searcy nursing home: state's most profitable; 50 centers earn more than $229,000. (Arkansas; Beverly Enterprises Inc.'s Leisure Lodge) (Arkansas Business Rankings)
- Article from:
- Arkansas Business
- Article date:
- July 25, 1994
- Author:
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Copyright informationCOPYRIGHT 1994 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LEISURE LODGE, A 245-BED nursing home in Searcy, was the state's most profitable facility last year with a net income of almost $893,000, according to annual cost reports filed with the Arkansas Department of Human Services.
Leisure Lodge, one of 40 Arkansas nursing homes owned by Beverly Enterprises Inc. of Fort Smith, is one of the state's three largest homes. Jacksonville Nursing Center, another Beverly Enterprises property, and Pine Bluff Nursing Home also have 245 beds.
Publicly traded Beverly Enterprises is the country's largest operator of nursing homes. It has 765 homes in 25 states, as well as retirement centers, pharmacies and other holdings in the U.S. and Japan.
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