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BUSINESS
April 5, 1989
Beverly Enterprises announced the election of Will K. Weinstein as a member of its board of directors. Weinstein is a partner in WIG Securities with offices in San Francisco and Chicago. The chairman and chief executive of Pasadena-based Beverly Enterprises, Robert Van Tuyle, said: "Mr. Weinstein is a nominee of the Pritzker family, one of the company's major shareholders, and brings significant financial and managerial talents to the board."
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BUSINESS
April 5, 1989
Beverly Enterprises announced the election of Will K. Weinstein as a member of its board of directors. Weinstein is a partner in WIG Securities with offices in San Francisco and Chicago. The chairman and chief executive of Pasadena-based Beverly Enterprises, Robert Van Tuyle, said: "Mr. Weinstein is a nominee of the Pritzker family, one of the company's major shareholders, and brings significant financial and managerial talents to the board."
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BUSINESS
June 8, 1987 | JUBE SHIVER Jr., Times Staff Writer
Until California authorities disclosed last summer that they were investigating the treatment of nine patients who died in three nursing homes owned by Beverly Enterprises, the Pasadena company appeared to be riding high. Unconstrained by the cost controls that slowed most of the rest of the health-care industry, Beverly--the nation's largest nursing home chain--grew from 70 nursing homes in 1976 to 1,025 homes by 1986, generating revenue of $2 billion. Its stock hit a 52-week high of $22.
BUSINESS
May 9, 1987
A bid by Beverly Enterprises to deter corporate takeovers was handed a setback Friday when the company failed to get the shareholder votes needed to approve a reincorporation of the nursing home company in Delaware. Robert Van Tuyle, chairman of the Pasadena firm, said Beverly adjourned its annual meeting until May 29 to allow shareholders--who must personally vote on the reincorporation--more time to mark their ballots.
BUSINESS
February 5, 1988 | NANCY RIVERA BROOKS, Times Staff Writer
Beverly Enterprises reported a $30.5-million net loss for the year on revenue of $2.1 billion because of skyrocketing labor costs and declining occupancy at its nursing homes. The nation's largest operator of nursing homes previously said it was expecting a loss for 1987 and would lay off some management staff. In 1986, the Pasadena-based company recorded net income of $44.9 million on revenue of $2 billion. Last year's results included an extraordinary gain of $2.
BUSINESS
September 20, 1985 | JUBE SHIVER Jr., Times Staff Writer
Beverly Enterprises, the nation's largest publicly held operator of nursing homes, announced Thursday that it has agreed to acquire 59 nursing home facilities with 6,321 beds from Angell Care Inc. The acquisition--subject to state, and perhaps federal, approval--would increase Beverly's number of nursing homes to 1,000, with 112,500 beds in 44 states, the District of Columbia and the province of Ontario in Canada. Headquartered in Winston-Salem, N.C.
BUSINESS
June 8, 1987 | JUBE SHIVER Jr., Times Staff Writer
Until California authorities disclosed last summer that they were investigating the treatment of nine patients who died in three nursing homes owned by Beverly Enterprises, the Pasadena company appeared to be riding high. Unconstrained by the cost controls that slowed most of the rest of the health-care industry, Beverly--the nation's largest nursing home chain--grew from 70 nursing homes in 1976 to 1,025 homes by 1986, generating revenue of $2 billion. Its stock hit a 52-week high of $22.
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