17 Oct 2002asset acquisition disposition● Neutral
Corrected the prior week's 8-K: the loss on that community sale was actually $1.69M, not the $2.35M first reported.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Oct 2002asset acquisition disposition▼ Bad
Continued shedding the assisted-living portfolio a year after the LSOF settlement, selling two more Texas communities (plus two more through its 56%-owned partnership) for modest cash and seller notes and booking a $1.7M loss.
18 Oct 2001asset acquisition disposition● NeutralMajor
Settled a control dispute with major shareholder LSOF Pooled Equity by buying back its stake for $4M cash plus 11 of the company's 24 assisted-living properties, ending the litigation but shrinking the eldercare/real-estate business Greenbriar had built since the mid-1990s.