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Regency Health Services

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BUSINESS
February 27, 1997
Regency Health Services Inc., which provides health care and related services, posted profits of $5.2 million, or 32 cents a share, last year, after taking $6.8 million in one-time charges, mostly stemming from corporate streamlining and other restructuring activities. In comparison, the company earned $2.8 million, or 17 cents a share, in the prior year. Revenue was up 34% to $558.1 million from $416.1 million in the prior period.
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BUSINESS
July 29, 1997 | BARBARA MARSH, TIMES STAFF WRITER
Nursing home operator Regency Health Services Inc. is being acquired by a New Mexico company twice its size for $369 million in cash, or $22 a share, the companies announced Monday. Sun Healthcare Group Inc., based in Albuquerque, will also assume about $220 million of Regency's debt. The proposed buyout, approved by the companies' boards, is the latest of several deals this year in the rapidly consolidating nursing home industry. Richard K.
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BUSINESS
March 19, 1995
Regency Health Services Inc., an operator of specialty health-care facilities, said Friday that it has ended its previously disclosed talks with another company about a possible business combination, saying the proposal would not serve its shareholders' best interests. The name of the other company was not disclosed.
BUSINESS
June 15, 1997 | (Dow Jones)
Regency Health Services Inc. said it bought 12 outpatient physical therapy clinics in California, including four in Orange County, for $5.8 million in cash and notes. The clinics generated annual revenue of $6.9 million, the Tustin-based health care provider said. Regency also said it purchased an institutional pharmacy in Las Vegas. Regency, which had revenue of $558 million last year, operates facilities that provide skilled nursing care and other health care services.
BUSINESS
June 15, 1997 | (Dow Jones)
Regency Health Services Inc. said it bought 12 outpatient physical therapy clinics in California, including four in Orange County, for $5.8 million in cash and notes. The clinics generated annual revenue of $6.9 million, the Tustin-based health care provider said. Regency also said it purchased an institutional pharmacy in Las Vegas. Regency, which had revenue of $558 million last year, operates facilities that provide skilled nursing care and other health care services.
BUSINESS
May 2, 1997
Regency Health Services Inc., a provider of rehabilitation and skilled nursing services, posted a 19% increase in net income for the first quarter, while revenue increased 24%. The company said net income totaled $3.2 million, or 20 cents a share, up from $2.7 million, or 16 cents, a share, for the same period last year. Revenue rose to $159.4 million from $129 million.
BUSINESS
March 1, 1996
Regency Health Services Inc. posted a profit for 1995, compared to a loss the previous year, as revenue climbed 10%. Regency, which operates health-care facilities, earned $2.8 million, or 17 cents a share, last year, contrasted with a net loss of $800,000, or 5 cents a share, for 1994. Revenue rose to $416.1 million from $377.3 million. In the fourth quarter, the company lost $6.1 million, or 36 cents a share, including charges of $9.
BUSINESS
September 9, 1993
Regency Health Services Inc., the Newport Beach operator of specialty health-care facilities, posted a profit of $5.4 million, or 77 cents a share, for its latest fiscal year. That was up 69% from earnings of $3.2 million, or 90 cents a share, for the previous year. Revenue for the 12 months ended June 30 showed a gain of 42%, to $115.4 million from $81.4 million. For the fourth quarter, profit grew 12% to $1.4 million, or 18 cents a share, from $1.3 million, or 30 cents a share, a year earlier.
BUSINESS
February 2, 1993 | JAMES M. GOMEZ, TIMES STAFF WRITER
Regency Health Services Inc., an operator of nursing and rehabilitative centers, said Monday that a spate of acquisitions in 1992 helped the company post hefty profit and revenue increases for the first six months of its fiscal year. The company, based in Newport Beach, took over 13 pharmaceutical and nursing facilities in 1992. Also, its core business of nursing centers across California did well.
BUSINESS
February 4, 1995 | JAMES S. GRANELLI, TIMES STAFF WRITER
Regency Health Services Inc., which only last April merged with the larger Care Enterprises, said Friday that it is considering a "possible business combination" with another company. Wall Street responded by pushing its stock up 9%. Regency cautioned that no agreement or understanding has been reached yet, and the Tustin-based company would not predict whether the parties will reach an agreement. Regency would not identify the company with which it is negotiating.
BUSINESS
May 2, 1997
Regency Health Services Inc., a provider of rehabilitation and skilled nursing services, posted a 19% increase in net income for the first quarter, while revenue increased 24%. The company said net income totaled $3.2 million, or 20 cents a share, up from $2.7 million, or 16 cents, a share, for the same period last year. Revenue rose to $159.4 million from $129 million.
BUSINESS
March 28, 1997
Regency Health Services Inc. said Thursday it has agreed to acquire HHC Health Group Inc., an Irvine-based provider of home health-care services. Terms of the transaction were not disclosed. HHC's annual revenue is about $6.2 million. HHC's chairman and president, Julia Sherman, will become director of special programs-home health for the combined companies.
BUSINESS
February 27, 1997
Regency Health Services Inc., which provides health care and related services, posted profits of $5.2 million, or 32 cents a share, last year, after taking $6.8 million in one-time charges, mostly stemming from corporate streamlining and other restructuring activities. In comparison, the company earned $2.8 million, or 17 cents a share, in the prior year. Revenue was up 34% to $558.1 million from $416.1 million in the prior period.
BUSINESS
December 24, 1996
Regency Health Services Inc. said it has increased its credit line with NationsBank Corp. to $100 million from $50 million. Part of the proceeds will help fund the acquisition of four acute rehabilitation hospitals, 11 outpatient rehabilitation clinics and six neurological treatment centers from Horizon/CMS. The remaining $40 million to $50 million will be available for other uses. Regency Health Services is a post-acute health care provider.
BUSINESS
November 21, 1996
Regency Health Services Inc. has signed a definitive agreement to acquire 21 hospitals, clinics and treatment centers from Horizon/CMS Healthcare Corp. for $36.3 million in cash and notes. Regency Health Services, Inc., a post-acute health care provider, offers subacute care, skilled nursing and other specialized long-term care services through 109 in-patient facilities with 11,389 licensed beds in California, Ohio, West Virginia, North Carolina and Tennessee.
BUSINESS
October 25, 1996
Health-care provider Regency Health Services Inc. posted lower net income for the third quarter while revenue climbed 34%, the company said Thursday. Net income totaled $2.4 million, or 15 cents a share, which included an extraordinary, after-tax charge of $1.2 million for paying off a debt early. A year ago, the company earned $4 million, or 22 cents a share. Revenue increased to $144.1 million from $107.5 million. Net income for the nine-month period slipped to $8.
BUSINESS
April 4, 1996
Regency Health Services Inc. has signed an agreement to acquire the assets of a Lexington, N.C., health-care facility for $2.88 million, mostly in cash. The Buena Vista Nursing Center has 64 skilled nursing beds and 22 assisted living beds. "This acquisition is consistent with Regency's commitment to increase the company's market share outside of California," said Richard K. Matros, Regency president and chief executive.
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