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Advocat Completes Purchase of Briarcliff Health Care Center
FRANKLIN, Tenn. – (August 31, 2005) - Advocat Inc. (NASDAQ OTC: AVCA) announced today it closed on the purchase of the Briarcliff Health Care Center, a 120-bed skilled nursing facility in Oak
Ridge, Tennessee. Advocat has operated the Briarcliff facility under a lease agreement since 1990. The lease was to expire in February 2006. Advocat purchased the nursing home for approximately $6.7
million with financing provided by a commercial finance company. The lease agreement was terminated effective with the purchase.
Advocat Inc. provides long-term care services to nursing home
patients and residents of assisted living facilities in nine states, primarily in the Southeast.
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