BEVERLY ENTERPRISES INC. SHARES DL -,10 - 500 Beiträge pro Seite

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...

interessiert keinen!

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http://www.beverlycares.com

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zum Handelsauftakt plus 14 %!

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bei MaxOne 2,45 zu 2,50!

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2,63 zu 2,68

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plus 30 %

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U.S. Foodservice Signs $150M Contract With Beverly Enterprises; ... Alle Nachrichten


COLUMBIA, Md., May 5 /PRNewswire/ -- U.S. Foodservice, one of the largest broad-line food service distributors in the United States, has signed a $150 million, three-year contract with Beverly Enterprises based in Fort Smith, Ark.

U.S. Foodservice will provide national food service distribution services to skilled nursing facilities and assisted living centers operated by Beverly subsidiaries across the United States. Previously, U.S. Foodservice handled a $17 million yearly regional food service agreement for Beverly.

"U.S. Foodservice is looking forward to serving Beverly on a national level," said Jim Miller, CEO, U.S. Foodservice. "By consolidating suppliers, Beverly will be positioned to more effectively manage its supply chain, improving program compliance while gaining consistency in product selection. We are pleased to be building our relationship with Beverly in its mission to provide quality care."

"We``re pleased to join forces with U.S. Foodservice, which we selected because of the company``s proven national execution and commitment to servicing our industry``s specific needs," said Chris Roussos, president of CERES Strategies. "We``re looking forward to a long and productive relationship."

About U.S. Foodservice

Headquartered in Columbia, Md., U.S. Foodservice is a foodservice distributor in the United States, distributing food and related products to restaurants and institutional foodservice establishments across the entire country. U.S. Foodservice markets and distributes more than 50,000 national, private label and signature brand items to more than 250,000 foodservice customers, including restaurants, hotels, cafeterias and schools, and employs more than 28,800 foodservice professionals.

About Beverly Enterprises

Beverly Enterprises, headquartered in Fort Smith, Ark., and its operating subsidiaries comprise a leading provider of healthcare services to the elderly in the United States. They currently operate 452 skilled nursing facilities, as well as 29 assisted living centers, and 49 home care and hospice centers. Through AEGIS Therapies, they offer rehabilitative services on a contract basis to nursing homes operated by other care providers. CERES Strategies offers procurement management services to Beverly Enterprises and to external nursing operations nationally.

U.S. Foodservice

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hier noch eine ältere Nachricht!

...


LONG BEACH, Calif., May 2 /PRNewswire/ -- Infra Corporation of Long Beach, California announced that Beverly Enterprises, the Fort Smith, Arkansas based patient care organization that provides services for the elderly in over 32 states, successfully implemented Infra support software on schedule and in budget during April. Beverly``s VP of Technology Services, David Valcik, commented on how happy he was with the support Infra provided, and how refreshing it was to find a company that truly exhibits a partnership approach to providing solutions.

Beverly plans to leverage their investment in Infra by systematically rolling out the support software in phases to a number of departments. Beverly``s IT department partnered with Infra Consulting for the installation, configuration, training and go-live rollout of the IT services support. This first phase will be followed by the implementation of Beverly``s patient care hotline and other help desks.

About Infra Corporation

Established in 1991, Infra Corporation ( http://www.infraactive.com/ ) develops the infraActive 100% Web-based service management automation software. infraActive has been installed internationally across all major business sectors, including the government, finance, travel, pharmaceutical, mining and manufacturing sectors. A Microsoft Gold Partner, Infra Corporation has developed infraActive for the new generation of distributed computing, as defined under the Microsoft .NET platform.

For further information, please contact Ilene Holt of Infra Corporation, [phone], [e-mail] .

Infra Corporation

© PR Newswire

[Mannerl]

mal sehen ob morgen Gewinne mitgenommen werden!

MFG
Mannerl

[Mannerl]

hier nochmals die letzte Meldung in der Heimatpresse!

...

Beverly signs $150 million foodservice contract

By Mary L. Crider
TIMES RECORD • [e-mail]

Fort Smith-based eldercare provider Beverly Enterprises signed a $150 million, three-year contract Monday with food service distributor U.S. Foodservice.


Previously, the Columbia, Md.-based company handled a $17 million annual account, supplying Beverly’s skilled nursing facilities and assisted living centers on a regional basis. It will now serve Beverly on a national level, U.S. Foodservice CEO Jim Miller said. The move will allow Beverly to more effectively manage its supply chain, Miller said.


The concept was to consolidate into one vendor for better service and pricing, said Blair Jackson, Beverly vice president of corporate communications. Previously, Beverly’s foodservice needs were served by 13 regional vendors. The consolidation into one vendor will result in significant savings, Jackson said, declining to release a specific number. No Beverly jobs will be affected by the consolidation, he said. The consolidation did result from a meeting held earlier with the company’s vendors, Jackson said.


Looking to cut a $100 million cash flow gap in half this year, Beverly officers called the company’s 300 vendors to a group meeting, outlined the problem and asked them what Beverly could do to be more cost-productive, Chairman and CEO William R. “Bill” Floyd has said. Floyd attributed the gap to an estimated $56 million cut in Medicare funding for the year and proposed state Medicaid funding cuts, increased patient care liability costs, increased workers’ compensation insurance costs and other items.


Beverly buys almost $1 billion in goods annually, Jim Griffith, senior vice president for corporate communication and investor relations, has said.


Beverly operates 452 skilled nursing facilities, 29 assisted living centers and 49 home care and hospice centers. Beverly subsidiary CERES Strategies offers procurement management services to Beverly and other nursing operations.

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Beverly First Quarter Profit Totals $12.2 Million; Strong Operating Trends Continue


FORT SMITH, Ark., May 13, 2003 (BUSINESS WIRE) -- Beverly Enterprises, Inc.
(NYSE:BEV) today announced that it earned $12.2 million (12 cents per share
diluted) in the first quarter of 2003, compared to a loss of $56.7 million (54
cents per share diluted) in the same period of 2002. First quarter 2003 results
include net income of $10 million (10 cents per share diluted) from discontinued
operations (primarily reflecting an $11.1 million gain on the January 2003 sale
of MATRIX outpatient rehabilitation clinics) and a pre-tax charge of $1.2
million for workforce reductions. The 2002 period included a charge of $77.2
million (74 cents per share diluted) for the cumulative effect of a change in
accounting for goodwill and a loss from discontinued operations totaling $5.9
million (6 cents per share diluted).

Net operating revenues for the 2003 first quarter totaled $586.0 million,
compared to $593.1 million in the year-earlier period. Increases in Medicaid and
private pay rates in skilled nursing facilities and a 45 percent increase in
non-Beverly business for AEGIS Therapies, compared to the 2002 first quarter,
were offset by a $16.6 million revenue decline due to dispositions of 16
under-performing or non-strategic nursing facilities and a $7.9 million decrease
in Medicare revenues. This decrease was primarily associated with the October 1,
2002, elimination of certain Medicare funding provisions, partially offset by an
increase in Medicare patients and by higher acuity levels. Cash flow from
operations during the 2003 first quarter totaled $11.6 million, and the January
2003 sale of MATRIX generated $36 million in cash. Total debt (on and
off-balance sheet) was reduced during the quarter by $22.8 million. Cash at the
end of the 2003 quarter totaled $122.1 million, up $6.7 million from year-end
2002 and up $39.3 million from the first quarter of 2002.

"Our principal business units achieved strong operating and financial results
during the first quarter, with both Nursing Facilities and AEGIS Therapies
exceeding their internal targets for revenues as well as for pre-tax income,"
said William R. Floyd, Chairman and Chief Executive Officer. "Despite a very
challenging business environment and a significant reduction in Medicare
funding, we were able to improve our cost structure and strengthen our balance
sheet."

The ahead-of-target performance by Nursing Facilities reflected a significant
increase in Medicare patients to 11.8 percent of total patient days -- up 60
basis points, compared to the first quarter of 2002, and the highest overall
level since the first quarter of 1998. Units specializing in the care of
Alzheimer patients continued to generate improved occupancy levels and higher
margins at their host nursing homes. Ten additional Alzheimer`s units are
planned during the remainder of 2003.

Medicaid and private/other per diem rates increased 3.0 percent and 3.5 percent,
respectively, compared to the year-earlier period. This partially offset a 6.7
percent decline in the Medicare per diem rate and a slight decline in the
overall occupancy level to 87.7 percent. "We expect that Medicaid per diem rates
for the full year will increase by an average of 2 to 2.5 percent compared to
2002, which is in line with our earlier projections," Floyd said. Average wage
rates increased 4.8 percent compared to the first quarter of 2002, slightly
lower than the comparable increase experienced during the fourth-quarter of
2002.

The better-than-plan performance at AEGIS Therapies was due to a 45 percent
increase in revenues from non-Beverly customers, compared to the year-earlier
period, and continuation of solid pre-tax margins. AEGIS added 36 new clients
during the quarter, bringing the total of non-Beverly nursing homes it serves to
413. Revenue growth from new business also exceeded the internal target.

Hospice operations also continued to grow, with an increase in average daily
census since the first quarter of 2002 of nearly 100 patients. This higher base
of 800 patients resulted in a near-doubling of pre-tax income and a significant
increase in margin.

Floyd continued: "We are very encouraged by our performance trends during the
first quarter and by the operating momentum that is continuing to build in our
principal business units. We`re also very encouraged by the progress we`re
making on our previously disclosed divestiture strategy -- the sale of those
nursing homes that currently account for more than 50 percent of our projected
patient care liability costs. These costs continued to increase during the first
quarter of 2003, although the comparison with the year-earlier period is
somewhat skewed. Accruals were at lower levels during the 2002 first quarter,
primarily because the insurance policy in effect at that time included an
aggregate limit. We believe that accruals for patient care liability costs
should begin to decline as we complete the divestiture strategy."

Beverly shareholders may listen to a discussion by senior management of the
company`s performance at 8:30 a.m. EDT today by dialing 1-800-479-9001 or
1-719-457-2618 and entering reservation number 548442. A recording of this
conference call will be available from 11:30 a.m. EDT today until midnight
Friday, May 23. Shareholders may dial 1-888-203-1112 or 1-719-457-0820 and enter
reservation number 548442 to access the recording.

This release is intended to be disclosure through methods reasonably designed to
provide broad, non-exclusionary distribution to the public in compliance with
the Securities and Exchange Commission`s Fair Disclosure Regulation. This
release may contain forward-looking statements, including statements related to
expected performance in 2003 and beyond, made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties
that may cause the company`s actual results in future periods to differ
materially from forecasted results. These risks and uncertainties include:
national and local economic conditions, including their effect on the
availability and cost of labor, utilities and materials; the effect of
government regulations and changes in regulations governing the healthcare
industry, including the company`s compliance with such regulations; changes in
Medicare and Medicaid payment levels and methodologies and the application of
such methodologies by the government and its fiscal intermediaries; the effects
of adopting new accounting standards; liabilities and other claims asserted
against the company, including patient care liabilities, as well as the
resolution of lawsuits brought about by the announcement or settlement of
federal government investigations and increases in the reserves for patient care
liabilities; the ability to predict future reserves related to patient care
liabilities; the ability to reduce overhead costs, and improve the effectiveness
of our fundamental business processes; the ability to execute our strategic
growth initiatives and implement our plan to divest certain of our nursing
facilities in a timely manner at fair value; the ability to attract and retain
qualified personnel; the availability and terms of capital to fund acquisitions,
capital improvements and on-going operations; the competitive environment in
which the company operates; the ability to maintain and increase census levels;
and demographic changes. These and other risks and uncertainties that could
affect future results are addressed in the company`s filings with the Securities
and Exchange Commission, including Forms 10-K and 10-Q.

Beverly Enterprises, Inc. and its operating subsidiaries comprise a leading
provider of healthcare services to the elderly in the United States. They
operate 449 skilled nursing facilities, as well as 29 assisted living centers,
and 47 home care and hospice centers. Through AEGIS Therapies, they also offer
rehabilitative services on a contract basis to nursing facilities and assisted
living centers operated by other care providers.

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Beverly Enterprises shows profit vs. year-ago loss
2003-05-13 07:21:21 EST

NEW YORK, May 13 (Reuters) - Nursing home operator Beverly Enterprises Inc. on Tuesday reported a profit compared with a loss a year ago, when it took a big charge for a change in accounting methods and recorded a loss from discontinued operations.

But excluding one-time items and discontinued operations, profit fell compared to the first quarter of 2002, hurt by lower reimbursements from the federal Medicare program.

Net income at the Fort Smith, Arkansas-based company reached $12.2 million, or 12 cents per share, compared with a loss of $56.7 million, or 54 cents per share, a year ago.

Beverly`s earnings before discontinued operations and the effect of a change in accounting for goodwill, fell to 2 cents per share from 25 cents per share.

Total revenue fell to $587.2 million from $594.1 million.

[Mannerl]

hier noch ein Bericht aus der Heimatzeitung!

...


By Mary L. Crider
TIMES RECORD

A Centers for Medicare and Medicaid Services proposal to increase Medicare reimbursement rates by 2.9 percent in fiscal 2004 is likely responsible for this week’s jump in nursing home stock prices, officials said.


Late Thursday, CMS issued the proposal, representing a full market basket increase exceeding last year’s 2.6 percent adustment.


Fort Smith-based Beverly Enterprises’ common stock closed Friday at $3.15, up 71 cents or 29.1 percent over Thursday’s $2.44 closing price, and up 60.71 percent over $1.96 on May 2. Trading increased dramatically, too. On Friday, more than 3.48 million shares traded hands, up more than 931 percent over the 337,636 average.


Other publicly traded eldercare companies enjoyed the same phenomena through the week, likely due to rumors out of Washington that CMS planned to take the action, said Jim Griffith, Beverly senior vice president for corporate communication and investor relations.


According to a report by Raymond James analyst James Kumpel, the proposed reimbursement increase confirms CMS Administrator Tom Scully and Health and Human Services Secretary Tommy Thompson understand the pain inflicted on the nursing home industry as a result of the Oct. 1, 2002, Medicare funding “cliff.” On Oct. 1, “giveback” funding implemented to undo damages done to the industry following reimbursement cuts in the 1997 Balanced Budget Act sunsetted.


According to CMS, the 2.9 percent increase, if approved, represents about $400 million in payments for skilled nursing facilities in the fiscal year that begins Oct. 1. As it did last year, Medicare will also pay about $1 billion in extra reimbursements as it revises coverage of expensive and complicated medical cases. The extra reimbursement will end when the revisions are completed, CMS said.


Working on a compromise tax cut bill, the Senate Finance Committee included a proposed $20 billion to state Medicaid programs to prevent painful cuts in services due to the states’ fiscal crises, Kumpel stated.


Medicare accounted for 26.3 percent of Beverly’s revenue in 2002, and the Medicare cliff reduction impacted its fourth-quarter earnings by about $14 million, he said. The proposed Medicare rate adjustment, if approved, management said, would enable the company to recover about $20 million of the $56 million in cuts it anticipated for 2003.


A report by JP Morgan analyst Matt Ripperger estimates that the 2.9 percent increase will add about 6 cents to Beverly’s earnings per share in fiscal 2004, upping estimated EPS from 35 cents to 41 cents.

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Beverly Back In Black

By Mary L. Crider
TIMES RECORD • [e-mail]


Fort Smith-based eldercare provider Beverly Enterprises reported first quarter earnings of $12.2 million or 12 cents earnings per share diluted, compared to a loss of almost $56.7 million or 54 cents a share in the 2002 period.


In a conference call Tuesday, Beverly Chairman and CEO William R. “Bill” Floyd labeled the quarter “solid.”


“Our major objective is the turnaround, and we believe we have turned the corner,” Floyd said.


Both Nursing Facilities and AEGIS Therapies exceeded internal targets for revenues and pre-tax income, he said.


According to the earnings report, for the quarter ended March 31, Nursing Facilities garnered more than $553.7 million in revenues from Medicaid, Medicare, private pay and other sources, down from about $565.9 million in the year-ago quarter.


AEGIS Therapies brought in almost $16.08 million, up from $11.06 million a year ago.


First-quarter results include $10 million net income or 10 cents EPS from discontinued operations. It primarily reflects an $11.1 million gain on the $36 million sale of MATRIX outpatient rehabilitation clinics in January to privately held, Malvern, Pa.-based Benchmark Medical Holdings and a $1.2 million pre-tax charge for work force reductions, Floyd said.


The 2002 first quarter included a charge of $77.2 million or 74 cents a share diluted for a change in accounting methods and a loss of $5.9 million or 6 cents a share from discontinued operations.


“MATRIX was a non-strategic asset that until last year represented a major drag on our earnings,” Floyd said.


Proceeds from the sale were used primarily to reduce debt, said Executive Vice President and CFO Jeffrey P. Freimark.


Responding to a query by Merrill Lynch analyst Doug Simpson, Freimark said Beverly paid down about $22 million in debt in the first quarter, has $75.2 million in unused credit facilities, faces about $41 million in on-the-balance-sheet maturities over the year and about $140 million in 2004 — on and off the balance sheet.


Net operating revenues for the 2003 first quarter totaled $586 million, compared to $593.1 million a year earlier.


Because Beverly no longer gives earnings guidance, it is kind of hard to measure how well it is doing, said Jim Kumpel, Raymond James & Associates Senior Vice President of Healthcare Research.


However, Beverly is generally pretty solid, he said. Beverly’s nursing home occupancy rate held well, and at more than 87.7 percent, was near the top of its historic range, he said. The company sold some non-strategic assets, successfully worked with its vendors to reduce costs and did a good job of moving up its Medicare reimbursement, Kumpel said.


“As I’ve said on several occasions about this stock, what you buy today is not what you have three or four months later, ... because many of the traditional matrices either don’t apply or are very fluid,” Kumpel said.


As for Beverly’s turnaround plan, it is making slow but steady process, he said. “Incrementalism — they have stuck with it, albeit with a number of trip wires that got in the way,” Kumpel said.


Kumpel said those “trip wires” include the Oct. 1 sunsetting of the Medicare “giveback” reimbursement, which resulted in a reported $7.9 million decrease in Medicare revenues, state budget/Medicaid crises, and California’s new stringent, minimum-staffing law, which pushed Beverly to reduce the number of its residents to remain in compliance.


In the first quarter, Beverly bought three leased nursing homes for $16.8 million via an amendment to its credit facility, Freimark said. On its off-balance-sheet synthetic leases, it still has four properties on the books, two nursing facilities, one assisted living facility and its corporate headquarters, he said.


Beverly is evaluating whether under new accounting regulations, it will bring them back on the books, which would result in a $52.7 million increase in debt, Freimark said.


Part of its divestiture plan, in the first quarter, Beverly allowed leases to terminate on two facilities and eliminated three due to patient liability costs (selling two and terminating the lease on the other).


Beverly has a long way to go to divest the preponderance of its undesirable assets, Kumpel said.


Management set an 18- to 24-month timeframe for the divestitures, Floyd said.

[Mannerl]

Update Beverly Enterprises Inc.: Market Perform
15.05.2003 13:05:22
Die Analysten von Raymond James bewerten in ihrer Analyse vom Mittwoch, 14. Mai 2003 die Aktie von Beverly Enterprises Inc. nach wie vor mit dem Rating "Market Perform". Ein Kursziel geben die Analysten nicht an.

[Mannerl]

Turnaround Plan Beverly Aims For $12-$15 Stock Price

By Mary L. Crider
TIMES RECORD • [e-mail]

Not far into his CEO/chairman tenure and Fort Smith-based Beverly Enterprises¹ turnaround plan, William R. ³Bill² Floyd said management was shooting for a $12 to $15 per share stock price. In the third year of the turnaround plan, having seen the price fall dramatically, staying below $2 for months and finally edging over $3, Floyd is optimistic but realistic about hitting the target range. That should please stockholders Raymond and Jane Bryant of Clarksville. The Bryants had never been to a Beverly Enterprises annual meeting before, but having other business to conduct in Fort Smith Thursday, they decided to attend. Although they have faith in the Fort Smith-based eldercare provider, Beverly hasn¹t done too well in the past two years, and the Bryants hoped for some encouraging news, Raymond Bryant said. ³I think we¹re losing money on some (stock) we bought years ago, but on some we bought in the last year, we may not be,² he said. According to historical price listings on Yahoo! Finance, in January 1998, Beverly stock sold in the $12-$14 range. At times in April and May 1998, it exceeded $16 a share. By that July, it dropped below $10, and hovered from just under $5 to just over $12 until July 19, 2002, when the company¹s announced $43.3 million increase in patient care liability reserves and expected a $14 million second-quarter loss pushed it into a tailspin. (Other nursing home companies increased their liability reserves and suffered similar hits on their stock prices.) The Bryants said they felt encouraged by Beverly¹s 2003 first-quarter earnings of $12.2 million or 12 cents earnings per share, compared to an almost $56.7 million loss in the 2002 first quarter. ³We¹re going to assume Beverly is on track with its turnaround plan. We know there¹s a need for nursing homes,² Bryant said. Several factors hurting Beverly recently were outside its control, he said. According to Jim Kumpel, Raymond James & Associates senior vice president of healthcare research, those factors include the Oct. 1, 2002, sunset of Medicare ³giveback² reimbursement implemented to undo damages to the industry following cuts in the 1997 Balanced Budget Act; state budget/Medicaid crises; and California¹s new minimum-staffing law, which pushed Beverly to reduce resident numbers to stay in compliance. One controllable factor the Bryants said they heard had adversely affected Beverly was over-expansion. Beverly once owned about 1,400 nursing facilities. The acquisition of many underperforming homes is a drag on profits often cited by Floyd. Divestiture of underperforming facilities and of those representing more than 50 percent of Beverly¹s liability costs are part of the turnaround plan, Floyd has said. Beverly now operates 449 skilled nursing facilities, 29 assisted living centers and 47 home care and hospice centers. A ³significant number² remain to be divested, Floyd said. Management set an 18- to 24-month time frame for the divestitures. Overcoming Wall Street skepticism about Beverly¹s ability to divest problem facilities is one of three factors critical for attaining the $12-$15 stock price range, Floyd said Thursday. In a May 13 earnings conference call, Legg Mason Senior Analyst Jerry Doctrow asked, ³Regarding the large-scale divestiture of 100 facilities or so, is there some reason I should be a believer?² Floyd¹s answer then, reiterated Thursday, was: ³We have kept our word so far. ... We wouldn¹t be standing here and telling you we were optimistic if we weren¹t.² Floyd declined again to confirm the number of facilities to be divested. Other factors crucial to regaining Wall Street¹s confidence, he said are a need to show solid, consistent performance each quarter and a reimbursement situation improvement. For the latter factor, the Centers for Medicare and Medicaid Services¹ proposed 2.9 percent Medicare increase plus an ³administrative fix² represent about a 6 percent increase or $32 million to Beverly ‹ about $7 million in the third quarter, Floyd said. And several states that considered cutting their Medicaid budgets are now considering increases, Floyd said. Beverly plans aggressive industry lobbying in 2004 on the Medicare front, he said. CMS said the 2.9 percent increase represents about $400 million industrywide for the fiscal year beginning Oct. 1. Medicare will also pay about $1 billion as it revises coverage of expensive and complicated medical cases. That reimbursement ends when revisions are complete, CMS said. In a compromise tax cut bill, the House and Senate propose $10 billion in matching federal dollars for state Medicaid programs over the next 15 months to prevent service cuts from budget crises. In his report, JP Morgan analyst Matt Ripperger estimated the Medicare increase would add about 6 cents to Beverly¹s 2004 earnings per share, upping estimated EPS from 35 cents to 41 cents. Beverly stock (NYSE: BEV) closed Friday at $3.04, up 2 cents. For the past 52 weeks, BEV shares have ranged from an $8.75 high to a $1.60 low.

[Mannerl]

[betterthantherest]

Hallo Mannerl,

der Eine oder Andere scheint sich deine Threads doch anzusehen, immerhin hast du hier bereits 300 Klicks.

Ich nehme mal an, dass nicht alle von dir alleine stammen.

Es wäre schon interessant, sich mit vielen Leuten über Aktien austauschen zu können, aber ich glaube zur Zeit ist das Interesse im Allgemeinen ganz einfach zu gering. Gerade deshalb erwarte ich umso stärkere Anstiege, wenn die Kurse erst wieder zu steigen beginnen.
Die besten Aussichten hat man doch noch immer dann, wenn man Aktien kauft, wenn es sonst nur sehr Wenige tun.

Ich habe mir bei BEV den Langfristchart angesehen und da geht es ja ganz schön auf und ab.
Scheinbar wurde hier stark nach unten übertrieben. Was ich auf die schnelle nicht finden konnte, waren Angaben über die langfristige Gewinnentwicklung.

Was mir bei diesem Wert auf den ersten Blick nicht gefällt, ist der Verschuldunggrad. Ich bin da vielleicht ein wenig eigen.

Wie bist du auf diesen Wert gestossen?

Bei der Suche mit meinen Screenigkriterien taucht BEV nicht auf.

[Mannerl]

Beverly Sells 20 Facilities as Part of Divestiture Strategy


FORT SMITH, Ark., Jun 30, 2003 (BUSINESS WIRE) -- Beverly Enterprises, Inc.
(NYSE: BEV) today announced the all cash sale of 18 skilled nursing facilities
and two assisted living centers. These facilities are the first group to be sold
under Beverly`s previously announced strategy of divesting those nursing homes
that account for a disproportionately high share of patient care liability
costs.

The facilities were sold for an undisclosed cash sum to Aurora Healthcare LLC (a
privately held firm based in Orchard Park, New York), and its affiliates will
operate them. JPMorgan acted as exclusive financial advisor to Beverly in this
transaction.

Of the net cash proceeds -- after transaction and related costs -- $73.5 million
was used to pay facility-related debt and to purchase all remaining assets under
Beverly`s off-balance sheet lease arrangement. This debt reduction represents
more than 10 percent of Beverly`s total debt, on and off-balance sheet. The
remaining net proceeds will be used for other corporate purposes. Beverly
expects to record a gain on the sale in the second quarter of 2003.

"This first group of facilities represents one-third of the projected patient
care liability costs of all the properties encompassed by our divestiture
strategy," said William R. Floyd, Beverly Chairman and Chief Executive Officer.
"They were expected to generate $135 million in revenue during 2003 - less than
six percent of our total revenues - but they accounted for 20 percent of our
total patient care liability costs projected for this year. Patient care
liability costs projected for these facilities for 2003 increased by 88 percent
over 2002 levels, and increases would be likely for 2004 and beyond."

Floyd continued: "Except for disproportionately high liability costs, these
would be very successful facilities - with occupancy during the first quarter of
this year averaging 90 percent. They are well-managed and staffed by dedicated
caregivers, and can be very attractive facilities under a legal and operating
structure different than what is practicable as part of the Beverly
organization."

Excluding the expected gain, the sale will result in a slight dilution of
Beverly`s pre-tax income in 2003. Using conservative estimates for projected
patient care liability cost increases - less than one-third the increases
recently experienced - the transaction is expected to be increasingly accretive
in 2004 and beyond.

Eight of the nursing facilities that were sold are located in Mississippi, six
in Alabama and two each in Tennessee and Georgia. The two assisted living
centers are associated with the Georgia nursing facilities. Sales of other
groups of facilities under the divestiture strategy will be announced upon the
closings of these transactions.

This release is intended to be disclosure through methods reasonably designed to
provide broad, non-exclusionary distribution to the public in compliance with
the Securities and Exchange Commission`s Fair Disclosure Regulation. This
release may contain forward-looking statements, including statements related to
expected performance in 2003 and beyond, made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties
that may cause the company`s actual results in future periods to differ
materially from forecasted results. These risks and uncertainties include:
national and local economic conditions, including their effect on the
availability and cost of labor, utilities and materials; the effect of
government regulations and changes in regulations governing the healthcare
industry, including the company`s compliance with such regulations; changes in
Medicare and Medicaid payment levels and methodologies and the application of
such methodologies by the government and its fiscal intermediaries; the effects
of adopting new accounting standards; liabilities and other claims asserted
against the company, including patient care liabilities, as well as the
resolution of lawsuits brought about by the announcement or settlement of
federal government investigations and increases in the reserves for patient care
liabilities; the ability to predict future reserves related to patient care
liabilities; the ability to reduce overhead costs, and improve the effectiveness
of our fundamental business processes; the ability to execute our strategic
growth initiatives and implement our plan to divest certain of our nursing
facilities in a timely manner at fair value; the ability to attract and retain
qualified personnel; the availability and terms of capital to fund acquisitions,
capital improvements and on-going operations; the competitive environment in
which the company operates; the ability to maintain and increase census levels;
and demographic changes. These and other risks and uncertainties that could
affect future results are addressed in the company`s filings with the Securities
and Exchange Commission, including Forms 10-K and 10-Q.

Beverly Enterprises, Inc. and its operating subsidiaries comprise a leading
provider of healthcare services to the elderly in the United States. They
operate 428 skilled nursing facilities, as well as 26 assisted living centers,
and 30 home care and hospice centers. Through AEGIS Therapies, they also offer
rehabilitative services on a contract basis to nursing facilities and assisted
living centers operated by other care providers.

[Mannerl]

Beverly Sells North Carolina Home Care Agency


FORT SMITH, Ark., Jul 1, 2003 (BUSINESS WIRE) -- Beverly Enterprises, Inc.
(NYSE: BEV) today announced the cash sale of CareFocus, a network of 20 licensed
home care agencies in North Carolina. This business unit, acquired in 1998,
provides personal care services and private-duty nursing, and is not aligned
with Beverly`s long-term strategic plan. In 2002 CareFocus generated $22 million
in revenue and - because of an asset impairment charge - reported a slight
pre-tax loss.

CareFocus was sold to Maxim Healthcare Services, Inc., a privately held company
located in Columbia, Maryland, that currently provides similar services through
223 branch locations throughout the United States. The purchase price is not
being disclosed. Beverly expects to record a modest gain on the sale.

This release is intended to be disclosure through methods reasonably designed to
provide broad, non-exclusionary distribution to the public in compliance with
the Securities and Exchange Commission`s Fair Disclosure Regulation. This
release may contain forward-looking statements, including statements related to
expected performance in 2003 and beyond, made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties
that may cause the company`s actual results in future periods to differ
materially from forecasted results. These risks and uncertainties include:
national and local economic conditions, including their effect on the
availability and cost of labor, utilities and materials; the effect of
government regulations and changes in regulations governing the healthcare
industry, including the company`s compliance with such regulations; changes in
Medicare and Medicaid payment levels and methodologies and the application of
such methodologies by the government and its fiscal intermediaries; the effects
of adopting new accounting standards; liabilities and other claims asserted
against the company, including patient care liabilities, as well as the
resolution of lawsuits brought about by the announcement or settlement of
federal government investigations and increases in the reserves for patient care
liabilities; the ability to predict future reserves related to patient care
liabilities; the ability to reduce overhead costs, and improve the effectiveness
of our fundamental business processes; the ability to execute our strategic
growth initiatives and implement our plan to divest certain of our nursing
facilities in a timely manner at fair value; the ability to attract and retain
qualified personnel; the availability and terms of capital to fund acquisitions,
capital improvements and on-going operations; the competitive environment in
which the company operates; the ability to maintain and increase census levels;
and demographic changes. These and other risks and uncertainties that could
affect future results are addressed in the company`s filings with the Securities
and Exchange Commission, including Forms 10-K and 10-Q.

Beverly Enterprises, Inc. and its operating subsidiaries comprise a leading
provider of healthcare services to the elderly in the United States. They
operate 428 skilled nursing facilities, as well as 26 assisted living centers,
and 30 home care and hospice centers. Through AEGIS Therapies, they also offer
rehabilitative services on a contract basis to nursing facilities and assisted
living centers operated by other care providers.

[Mannerl]

Raymond James & Associates Inc.


Jul 1, 2003 (JAGfn.com via COMTEX) -- BEV: upgrade to Outperform - Beverly
Enterprises announced the sale of 20 facilities-18 skilled nursing homes and two
assisted living facilities-for $73.5 million to Aurora Healthcare. This is the
first big tranche of homes that will be divested to improve margins and lower
patient liability costs

[Mannerl]

heute gehört bev zu den top movers plus 17,25 %

...das ist doch was!

[Mannerl]

Home Care Agency Firm Sells North Carolina Holdings


FORT SMITH, Ark., Jul 02, 2003 (High Point Enterprise - Knight Ridder/Tribune
Business News via COMTEX) -- Beverly Enterprises Inc. announced Tuesday it would
sell a network of 20 licensed home care agencies in North Carolina to a Maryland
firm.

The sale will affect Beverly`s facilities that serve Guilford, Davidson and
Randolph counties.

The sale will include Beverly`s High Point service office that handles parts of
Davidson, Randolph and Guilford counties and its Greensboro service office that
handles parts of Guilford and Randolph counties.

The deal also will include Beverly`s Winston-Salem and Burlington service
offices, the company reports.

The Fort Smith-based nursing home company said it acquired the unit, which
provides personal care services and private-duty nursing, in 1998.

The buyer of the CareFocus unit is Maxim Healthcare Systems Inc., a privately
held company in Columbia, Md. Maxim provides similar services through 223 branch
locations throughout the United States.

Beverly said it expects to post "a modest gain" on the sale, though the company
did not disclose the purchase price.

Beverly said that CareFocus generated $22 million in revenue in 2002, though,
because of an asset impairment charge, it reported a slight pre-tax loss.

Beverly operates 428 skilled nursing facilities, as well as 26 assisted living
centers, and 30 home care and hospice centers.

[betterthantherest]

Hallo Mannerl,

hast du die geschäftliche Entwicklung bei Beverly so eingeschätzt wie sie sich jetzt abzeichnet, oder hast du bei deiner Auswahl einfach nur Glück gehabt?

[Mannerl]

Hallo!

also ich denke es war mehr das letztere von beiden!

"nur" hatte ich natürlich die Firma schon länger im Auge...

Die Geschäftstätigkeit gefiel mir auch sehr...obwohl sehr ungewöhnlich

nachdem der Kurs so stark abstürtze und ein Konkurs nicht (meiner Meinung nach!) nicht vorhersehbar war bzw. ist...setzte ich mal ein Kauflimit!

Dieses mal hatte ich einen recht guten Riecher gehabt!

BVY hatte ich mit 1,93 gekauft und mittlerweile schon mehrfach ver- und gekauft!...das letzte mal mit 3,40!

...

wäre schön wenn mir das mit allen meinen Firmen bisher so ergangen wär, nur wenn der Markt so wie letztes Jahr um über 40 % einbricht kann natürlich auch ein Mannerl nicht nur Gewinne einfahren

...

plmd und fdp sind nach Deier Empfehlung/Beobachtung auch auf meiner Liste

Mannerl, der sich heute sein neues Auto abgeholt hat um morgen zum Skifahren fährt!...

[Mannerl]

TEXT-S&P comments on Beverly Enterprises
Tue July 1, 2003 10:11 AM ET
(The following statement was released by the ratings agency)

NEW YORK, July 1 - Standard & Poor`s Ratings Services said today that the ratings and outlook on Beverly Enterprises Inc. BEV.N (BB-/Negative/--) would not be affected after the company announced the sale of 18 skilled nursing facilities and two assisted living centers. The sale, which generated about $74 million cash, is an expected part of a larger divestiture strategy that is aimed at reducing patient liability risk, improving operating performance, and reducing debt. The benefits of this plan are already incorporated into the rating. The rating could still be lowered if the company`s asset sale program fails to achieve its anticipated success, or if government reimbursement becomes more problematic.

[Mannerl]

steigt gegen den Markt!

und ich depp hab schon verkauft!

...

Links Medical Products Inc. Announces New Agreement With Leading Elder Care Firm, Beverly Enterprises Inc.


IRVINE, CALIFORNIA, Jul 9, 2003 (CCNMatthews via COMTEX) -- Beverly Enterprises
Selects the Silent Knight(TM) Tablet Crushing System for Their Nursing Homes

Links Medical Products Inc., an industry leader in medical devices for the
optimum handling and administering of medications, today announced it will
provide Links Medical Silent Knight Tablet Crushing Systems for Beverly
Enterprises (NYSE:BEV), a leading provider of health-care services for the
elderly in the United States.

Tommy Johnston, manager of medical procurement at Beverly Enterprises, said, "We
are committed to providing the best possible environment and services for elder
care and recovery and have chosen the Links Medical Silent Knight Tablet
Crushing System because it is extremely quiet to operate. It virtually
eliminates the loud noise caused by crushing medication.

"Additionally, the Silent Knight`s patented ergonomic design makes it very easy
for the nurses to operate, when crushing medications is necessary. We have also
been very pleased with the commitment to support and service demonstrated by
Links Medical."

About The Silent Knight Tablet Crushing System

The patented Silent Knight Tablet Crushing System is a powerful, tablet crushing
device developed for demanding health care institutional use. Its industry
"edge" is its quiet operation, optimizing a peaceful environment in health care
facilities.

The Silent Knight will not disturb patients and will end F258 citations caused
by loud tablet crushing. It is ergonomically designed, making it easy to use and
safe to operate by the health care staff. The Silent Knight also includes a
lifetime warranty and ongoing customer service.

Additionally, the powerful device crushes tablets to a fine powder so that
tablets dissolve quickly and won`t clog feeding enteral feeding tubes. Durable
plastic pouches are included with the device to hold the medications to be
crushed. The medication is placed in the pouch and then inserted into the
crushing device.

The pouches also prevent cross-contamination and eliminate spillage and clean
up. Because the Silent crushes tablets to a fine powder, health care
institutions can also save on medication costs. They can reduce their usage of
expensive commercial liquid medications by substituting their own in-house
medications made by mixing crushed pill powders with water.

Tom Buckley, president of Links Medical Products, said, "Beverly Manor is a
nationwide provider of premier elder care services and we are extremely pleased
that they have selected our Silent Knight Tablet Crushing Device to further
optimize their nursing home care. We developed the Silent Knight to address the
critical need for noise reduction in nursing home facilities so that patients
could recover in a more peaceful, restful environment."

About Beverly Enterprises Inc.

Beverly Enterprises and its operating subsidiaries comprise a leading provider
of health care services to the elderly in the United States. They operate 461
skilled nursing facilities, as well as 29 assisted living centers, 54 home care
and hospice centers, and 154 outpatient clinics. Through AEGIS Therapies, they
also offer rehabilitative services on a contract basis to nursing homes operated
by other care providers.

About Links Medical Products Inc.

Links Medical Products, based in Irvine, develops, manufactures, and markets a
wide variety of premium medical products that optimize the handling and
administering medication. The company specializes in high-end, advanced design
tablet cutters and crushers for consumers, hospitals, and long-term care
markets, worldwide. The devices are easy to use, ensure accurate dosages and
eliminate cross-contamination -- ensuring patient safety and maximizing the
performance and effectiveness of health care professionals.

The company also manufactures a specialty side rail pad for hospital beds that
provides protection and security to vulnerable high-risk and bed-ridden
patients. All Links Medical products are backed by superior warranties and
on-call telephone service. For further information, contact Links Medical
Products at 888-425-1149 or visit the Web site at www.linksmed.com.

Note to Editors: Silent Knight is a trademark of Links Medical Products Inc.

[Mannerl]

ehrlich gesagt ich versteh nicht warum diese Firme keinen Interessiert!

weil sie nichts mit "der neuen Technik" zu tun haben?

vielleicht sollten sie Bücher über die gute alte Post verkaufen, das wär dann echt interessanter!

...

MFG
Mannerl, der sich heute den "Schiffsstau" angesehen hat!

[Nonisaft]

Es gibt einen Broker der diese Aktie bei 3,5 Dollar empfohlen hat mit Kursziel 8-10 in den nächsten 3
Monaten.Nicht nur der Turnaround sondern der charttechnische Aspekt wäre interessant.Dieser Broker war der erfolgreichste von 10.07.2002-10.07.2003 weltweit mit einer Performance von 65 Prozent.Weitere Empfehlungen waren:Kauf ausschliesslich in Amerika(Handelsfolumen),ABRX bei 9,FWHT bei 5,FMT bei 6,FLML bei 6.Alle Empfehlungen stammen aus diesem Jahr.Liege bereits 200 Prozent vorne,ich hoffe das er auch diesmal Recht behält.
Bei Interesse kann ich euch ja mehr Informationen geben.
Natürlich haben diese Herren auch keine Glaskugel,aber mir machts Spass

[Mannerl]

wer a sagt muss auch b sagen!

ein Thread soll nicht nur aus reingeposteten Artikeln sein!

Schreib was

[Nonisaft]

Internetsite:www.skycapitalllc.com
Brokerbericht in Investar.
Faxbericht

[betterthantherest]

Hallo Nonisaft,

mich würde interessieren wieviele Jahre Erfahrung du mit der Anlage in Aktien hast.

Ich bin vor ca. 9 Jahren mal böse auf so heiße Empfehlungen hereingefallen.

Damals wurden in der 3sat Börse eine Menge Unternehmen mit ganz heißen Stories empfohlen.

Später stellte sich heraus, dass eigentlich nichts hinter diesen Firmen stand.

Es war nur so, dass es sich bei den Empfehlungen um sehr marktenge Werte gehandelt hat, welche schon bei der geringsten Nachfrage nach oben geschossen sind.
Dummer Weise verpasste ich bei allen Werten den rechtzeitigen Ausstieg und zahlte reichlich Lehrgeld.

ABRX hat zum Beispiel eine Marktkapitalisation von 300 Mio. bei nicht einmal 60 Mio. Umsatz.

FWHT Wert 435 Mio. bei einem Umsatz von nur 50 Mio.

FLML Wert 272 Mio. bei einem Umsatz von 16 Mio.

Sei mir nicht böse aber hier sind nur ein paar Gauner am Werk. Ich wäre äußerst vorsichtig mit diesen Empfehlungen.
Um so mehr Leute auf die Empfehlungen hereinfallen um so erfolgreicher scheinen diese zu sein und es fallen noch mehr darauf herein.

Richtig Geld macht dieser Broker. Für die Anderen heißt es irgendwann:

Den letzten beißen die Hunde

[Nonisaft]

Habe bereits auch 10 Jahre Erfahrung,bin auch öfters auf die Schnauze gefallen,aber interessant ist was hinter den Unternehmen steckt.
zB.FLML Nanotechnologie,keine Kosten,Plattform steht,Angestellte sind hohe Tiere und auch Nobelpreisträger.
Ausserdem werden auch andere Werte empfohlen,CSCO,RMBS usw.
Diese englische bzw. amerikanische Firma macht vor der Empfehlung ein Resarch das meist 200000-300000Euro kostet.Ausserdem ist der Background(Ceo Ross Mandell zB.)sehr gut.
Sie hatten auch 2002 den besten Börsengang,durch Ihre Firma.Ausserdem entscheiden tut immer noch der Kunde.
Konto bei JP Morgan,usw.Korekte Auszüge und eine Clearstreambank die auch Merill Lynch und Threadneedle benutzt.

[Nonisaft]

Habe noch was vergessen.
Die Gebühren betragen 3% bei Kauf und Verkauf.
SKY unterliegt der amerikanischen Börsenaufsicht,und die ist streng.
Das Depot ist auf 1000000€ versichert.
Die Veträge wurden vom Steuerberater geprüft.
Bei Investar kann man gegen Gebühr die Broker überprüfen,wurde auch gemacht.
Ich bin sehr vorsichtig geworden,da ich auch schon auf einen sogenannten Vermögensberater reingefallen bin.
Die Empfehlungen die ich dir gesagt habe wurden teilweise auch von Stockworld,zu einem späteren Zeitpunkt gemacht.
Der Broker von Sky(einer davon)wurde letzte Woche auch in der FAZ für die Empfehlung von FMT gelobt.
Der Austieg wird aber auch recht bald empfohlen,zB.FLML bei 14(die Hälfte),FMT bei 12,ABRX bei 16 usw.
Hatte aber auch schon 2 Aktien die in Minus drehten.
Ausserdem wenn du Barrons vor 14 Tage hörtest,dieser hat gesagt Tyco wäre seine Nummer 1,und FLML die Nummer 2.Sofort sprang sie von 12 auf 14Dollar.Wie man raushört bin ich ein FLML-Fan.Ausserdem wurde FLML von weiteren Broker mit Kursziel 30 angesetzt bei nur 3 Trakten die sie abschliessen,momentan laufen aber Gespräche mit 8 grossen Firmen.Ein Trakt war Glaxo.Die Zukunftsperspektiven von Biotech lassen hohe KGVs einfach zu.Das aber nur um zu sehen das auch ein Gedanke dahinter steckt und entscheidend ist der Gewinn.Ich lasse mir immer ein Resarch von einer grossen Institution schicken,bevor ich eine Aktie kaufe.

[betterthantherest]

@Nonisaft

CSCO Umsatz 19 Mrd. Wert 130 Mrd, PE ratio 40.

RMBS Umsatz 102 Mio. Wert 1 Mrd., PE ratio über 80.

Es besteht bei diesen Unternehmen keinerlei Relation zwischen den fundamentalen Daten und der Marktkapitalisierung.

Für diejenigen, die frühzeitig eingestiegen sind, sind die Kursgewinne natürlich eine tolle Sache, aber wer hier jetzt noch einsteigt, ist für mich nichts anderes als leichtsinnig.

Man schaue sich den Kursverlauf der Deutschen Telekom an, dann kennt man die Zukunft dieser Aktien.

[Mannerl]

meiner Meinung nach ist das eine kleine Blase!

[betterthantherest]

@Mannerl

Bei RMBS ist mir ein Fehler unterlaufen.

Umsatz 102 Mio. Wert 1,8 Mrd.

Stell dir vor jemand würde dir 18 mal so viel für deine Firma bezahlen, als du gerade Umsatz machst.

Normaler Weise wäre kein Mensch dazu bereit, für ein Unternehmen, so hohe Zuschläge zu bezahlen.

So etwas gibt es nur bei Aktien.

Beim nächsten Hype bringe ich meine Firma auch an die Börse.

[Nonisaft]

Wir ziehen uns zurück,seit25.06.2003,mehr als 50 Prozent reicht,neue Empfehlung lautet PCCC.Tschau

[Mannerl]

Beverly Healthcare Awards Advanced Wound and Skin Care Products Contract to ConvaTec Beverly Healthcare is the Leading Provider of Healthcare Services for the Elderly in the U.S.


SKILLMAN, N.J., Jul 29, 2003 /PRNewswire via COMTEX/ -- Beverly Healthcare, a
subsidiary of Beverly Enterprises, Inc., has awarded a two-year contract to
ConvaTec, a Bristol-Myers Squibb Company, to provide advanced wound and select
specialty skin care products. Beverly Healthcare is the leading provider of
healthcare services for the elderly in the United States.

"Our expanded relationship with ConvaTec will enhance our ongoing pursuit of
delivering quality of care. We are excited about the clinical quality of
ConvaTec`s products and the team of professionals supporting them," comments
Chris Roussos, President of Ceres Strategies - Beverly Enterprises` procurement
company.

According to Henry Holzapfel, ConvaTec Vice President and General Manager of
Professional Healthcare, "We look forward to partnering with Beverly Healthcare
since we share a commitment to making a difference in people`s lives. The
combination of their professional services and our innovative products will make
a difference in the lives of elderly patients."

As part of the contract, Beverly Healthcare will include ConvaTec`s products on
its system-wide formulary. These products comprise ConvaTec`s leading wound care
brands DuoDERM Signal(TM) hydrocolloid dressings, AQUACEL(R) Hydrofiber(R)
dressings, Kaltostat(R) alginate dressings, CombiDERM(R), and the Lyofoam(R)
family of foam dressings (Seton Healthcare Group Plc), and AQUACEL(R) Ag, a
unique antimicrobial wound dressing for acute and chronic wounds.

In addition, the formulary will include ConvaTec skin care products under the
Aloe Vesta(R), Sensi-Care(R) and Septi-Soft(R) brand names.

[Mannerl]

Beverly Second Quarter EPS Totals 16 Cents; Strong Performance by Continuing Operations; Divestiture Plan on Track


FORT SMITH, Ark., Aug 12, 2003 (BUSINESS WIRE) -- Beverly Enterprises, Inc.
(NYSE: BEV) today announced that its net income for the second quarter of 2003
was $17.5 million (16 cents per share diluted), compared to a net loss of $14
million (13 cents per share diluted) in the same period of 2002. Results include
continuing operations and discontinued operations.

Income before discontinued operations totaled $5.1 million (five cents per share
diluted), driven by results that exceeded internal targets in Skilled Nursing
Facilities, AEGIS Therapies and Hospice operations. During the comparable 2002
period, there was a loss before discontinued operations totaling $15 million (14
cents per share diluted), which reflected a charge of $43.3 million for patient
care liability costs (including $22.2 million for increased reserves relating to
the company`s former nursing home operations in Florida, which were sold in
January, 2002).

Second quarter 2003 results include income of $12.4 million (11 cents per share
diluted) from discontinued operations, primarily reflecting a gain from the
previously announced sale of 18 skilled nursing facilities and two assisted
living centers, net of the related cost of purchasing incremental patient care
liability insurance. This sale was part of the company`s strategy to divest
facilities accounting for a disproportionately large share of patient care
liability costs. Income from discontinued operations during the 2002 second
quarter totaled $954,000.

Net operating revenues for the 2003 second quarter totaled $558.3 million,
compared to $564.3 million in the year-earlier period. (Both periods have been
adjusted to exclude discontinued operations.) Revenues during the 2003 period
reflect increases of 2.6 percent and 4.2 percent, respectively, in Medicaid and
private per diem nursing facility rates and a 48 percent growth in non-Beverly
business for AEGIS Therapies. These gains were offset by a net decrease of $7.9
million in Medicare revenues, primarily due to the October 1, 2002 elimination
of certain Medicare payments.

Net cash provided by operating activities during the 2003 second quarter totaled
$8.8 million, and proceeds from dispositions (nursing facilities and Care Focus)
were $96.8 million. Total debt (on and off-balance sheet) was reduced during the
quarter by $83.9 million, or more than 11 percent. Cash at the end of the 2003
second quarter totaled $134.5 million, up $12.4 million from the end of the 2003
first quarter and up $27.1 million from the end of the second quarter of 2002.

"We achieved strong operating results during the second quarter, made important
progress on our divestiture strategy and significantly strengthened our balance
sheet by repaying nearly $84 million of total debt," said William R. Floyd,
Chairman and Chief Executive Officer. "Skilled Nursing Facilities and AEGIS
Therapies again exceeded internal targets for revenue, pre-tax income and
operating margins - in spite of the management challenges, operational
disruptions and employee retention costs associated with facility divestitures.
Hospice pre-tax income more than doubled on an 18 percent increase in average
daily census, compared to the second quarter of 2002. We also continued to make
measurable progress in several key quality-of-care indicators and in our overall
performance on state surveys during the quarter."

Skilled Nursing Facilities achieved a 44 basis point increase from the second
quarter of 2002 in Medicare patient days as a percentage of total patient days
to 11.5 percent, the 14th consecutive quarter of increases from comparable prior
year periods. Overall occupancy on a same-facility basis averaged 87.5 percent,
down 23 basis points from the same period in 2002. If all the facilities in the
divestiture portfolio were excluded from 2003 second-quarter results, occupancy
would have averaged 89.6 percent. Units specializing in the care of Alzheimer
patients again exceeded internal targets for occupancy and pre-tax margins.

"Medicaid per diem rates during the first half of 2003 increased 2.7 percent
compared with the same period last year, although the impact of these higher
rates was partially offset by increased provider taxes," Floyd said. "Increased
Federal matching funds for state Medicaid programs should alleviate some budget
pressures, and rate increases during the second half of 2003 are expected to
average about 4.3 percent over the comparable 2002 period. These higher rates
will be partially offset by an increase in provider taxes of approximately $6.9
million, compared to the same period in 2002. The weighted average wage rate
during the 2003 second quarter increased 4.3 percent compared with the
year-earlier period, reflecting higher retention levels among direct care-givers
and facility management. Wage costs increased at a slightly higher rate late in
the second quarter of 2003."

Floyd continued: "Based on the most recent actuarial study, our reserves for
patient care liability costs are adequate, and we expect to be able to reduce
accrual levels for the balance of 2003. When we complete our divestiture
strategy, we will have eliminated facilities that had accounted for more than 50
percent of our projected patient care liability costs." (On July 31 Beverly
completed the all cash sale of a nursing facility in Birmingham, Alabama, as
part of this plan.)

The continuing profitable growth of AEGIS Therapies reflects the addition of 47
new non-Beverly customers during the second quarter and ahead-of-target revenue
growth from existing customers, with pre-tax margins remaining strong. This
third-party customer base for AEGIS rehabilitative therapy services has grown to
a level where it now exceeds the entire portfolio of Beverly facilities.

Hospice operations also serve a higher percentage of third-party customers, with
Beverly facilities representing 18 percent of revenues generated by the
company`s 15 hospice agencies. Six more agencies are planned to open during the
balance of 2003. Average daily census for the 2003 second quarter reached 843
patients, an increase of 127 from the year-earlier period.

"In addition to the operating gains we`ve achieved in our principal business
units during the second quarter, we also continued to improve our balance
sheet," Floyd said. "Beverly`s current revolving credit facility expires in
April 2004, and we are currently evaluating alternative financing structures.
The objectives of any potential financing efforts would be to extend maturities,
increase flexibility, create a more effective balance between fixed and
variable-rate debt, reduce interest costs and improve cash flow."

Beverly shareholders may listen to a discussion by senior management of the
company`s performance at 8:30 a.m. EDT today by dialing 1-877-888-4034 or
1-719-867-0680 and entering reservation number 538495. A recording of this
conference call will be available from 11:30 a.m. EDT today until midnight
Friday, August 22. Shareholders may dial 1-888-203-1112 or 1-719-457-0820 and
enter reservation number 538495 to access the recording.

This release is intended to be disclosure through methods reasonably designed to
provide broad, non-exclusionary distribution to the public in compliance with
the Securities and Exchange Commission`s Fair Disclosure Regulation. This
release may contain forward-looking statements, including statements related to
expected performance in 2003 and beyond, made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties
that may cause the company`s actual results in future periods to differ
materially from forecasted results. These risks and uncertainties include:
national and local economic conditions, including their effect on the
availability and cost of labor, utilities and materials; the effect of
government regulations and changes in regulations governing the healthcare
industry, including the company`s compliance with such regulations; changes in
Medicare and Medicaid payment levels and methodologies and the application of
such methodologies by the government and its fiscal intermediaries; the effects
of adopting new accounting standards; liabilities and other claims asserted
against the company, including patient care liabilities, as well as the
resolution of lawsuits brought about by the announcement or settlement of
federal government investigations and increases in the reserves for patient care
liabilities; the ability to predict future reserves related to patient care and
workers` compensation liabilities; the ability to replace or refinance debt
obligations that mature within the next 12 months; the ability to reduce
overhead costs, and improve the effectiveness of our fundamental business
processes; the ability to execute our strategic growth initiatives and implement
our strategy to divest certain of our nursing facilities in a timely manner at
fair value; the ability to attract and retain qualified personnel; the
availability and terms of capital to fund acquisitions, capital improvements and
on-going operations; the competitive environment in which the company operates;
the ability to maintain and increase census levels; and demographic changes.
These and other risks and uncertainties that could affect future results are
addressed in the company`s filings with the Securities and Exchange Commission,
including Forms 10-K and 10-Q.

Beverly Enterprises, Inc. and its operating subsidiaries comprise a leading
provider of healthcare services to the elderly in the United States. They
operate 426 skilled nursing facilities, as well as 25 assisted living centers,
and 30 home care and hospice centers. Through AEGIS Therapies, they also offer
rehabilitative services on a contract basis to nursing facilities and assisted
living centers operated by other care providers.

[Mannerl]

Beverly Enterprises mit Gewinn im zweiten Quartal

Der amerikanische Klinikbetreiber Beverly Enterprises Inc. meldete am Dienstag, dass man im zweiten Quartal wieder in die Gewinnzone zurückkehren konnte. Im Vorjahresquartal wurde das Ergebnis durch Sonderbelastungen aus Schadenersatzleistungen an Patienten belastet.

Der größte Klinikbetreiber in den USA erwirtschaftete im Berichtszeitraum einen Nettogewinn in Höhe von 17,5 Mio. Dollar, bzw. ein EPS von 16 Cents, nachdem im Vorjahreszeitraum noch ein Verlust in Höhe von 14 Mio. Dollar bzw. ein EPS von -13 Cents je Aktie angefallen war. Ohne die Berücksichtigung von inzwischen eingestellten Geschäftsaktivitäten lag der Nettogewinn bei 5 Cents je Aktie. Analysten hatten im Vorfeld einen Gewinn in Höhe von durchschnittlich 4 Cents je Aktie erwartet. Der Konzernumsatz fiel im Vergleich zum Vorjahreszeitraum von 564,3 Mio. Dollar auf 558,3 Mio. Dollar.

[Mannerl]

der Chart sieht aus wie die Eiger Nordwand!

[Mannerl]

Nachtrag:
vom Tal aus gesehen...

[Nonisaft]

Hallo Mannerl!Habe schon lange nicht mehr gekuckt,du bist ja immer noch dabei.Ich habe bereits etliches dazugelernt.Wir sind vor ein paar Wochen raus,haben in der Zwischenzeit bereits mit 2 Aktien wieder über 35 Prozent realisiert.Bei SKY laufen zur Zeit wieder 5 heisse Aspirianten auf eine 60-80 Prozent Chance.Kann diese Firma nur empfehlen.Allerdings sind wir auch schon mal mit 2 Aktien baden gegangen.Du sagst du bist mit Empfehlungen von 3 Sat abgestürzt.Mann stürzt meistens ab mit sogenannten Empfehlungen,weil die grösseren Gesellschaften raus gehen,wenn wir Kleinaktionäre einsteigen.Deshalb nehme ich jetzt die erste Reihe,die natürlich auch Risiken verbirgt.Schau dir mal FLML an die ich dir mal bei 15-18 gesagt habe.Wurde bei SKY mit 7 empfohlen und gekauft.Jetzt im Moment haben wir SYX und PCCC.Bitte aber nicht kaufen´,da diese Aktien momentan sehr wenig Tagesvolumen haben,und ich den Vorteil,das wir aussteigen bevor es kracht.Dieses Jahr hat mein Depot um 400 Prozent Nachwuchs bekommen und wir haben erst September.Wünsche uns viel Glück.

[betterthantherest]

zu #44

FLML hat im letzten halben Jahr einen Umsatz von 8,5 Mio. Dollar gemacht mit Verlust.

Die Marktkapitalisieung erreicht über 580 Mio. Dollar.

Wo ist den hier noch irgendeine Verhältnismäßigkeit?

[betterthantherest]

PCCC hat im letzten halben Jahr bei einem Umsatz von 600 Mio. Dollar einen Wahnsinnsgewinn von 3 Mio. Dollar eingefahren und dafür bezahlt die Börse 300 Mio. Dollar.

Die Leute haben rein gar nichts aus der letzten Blase gelernt.

[Nonisaft]

Weisst du was mich das interessiert,solange sie steigen.Empfehle dir lieber in einen Fon zu gehen.Börse ist halt ungerecht,gehts nach oben,werden die Vorschusslorbeeren der Firmen schon eingepriesen.Gehts nach unten ist das auch nicht mehr wichtig, das ich bei einer Aktie einen Kurs habe von 7 und einen Buchwert von 8,sie fällt trotzdem mit den anderen,steigt aber nicht überproportional zu den anderen.Viel Glück an der Börse.

[Mannerl]

Beverly Sells 13 Eldercare Operations in Southern California as Part of Divestiture Strategy

FORT SMITH, Ark., Oct 1, 2003 (BUSINESS WIRE) -- Beverly Enterprises, Inc. (NYSE: BEV) today announced the all-cash sale of 12 skilled nursing operations and one assisted living center in Southern California. This sale is part of Beverly`s previously announced strategy of divesting facilities that account for a disproportionately high share of its patient care liability costs.

The thirteen facilities - 12 skilled nursing operations (1,352 beds) and one assisted living center (72 units) - were sold to AG SNF Real Estate, LLC, a California-based real estate investment company. The facilities will be operated by Country Villa Health Services, which operates other eldercare facilities in Southern California. JPMorgan acted as exclusive financial advisor to Beverly in this transaction.

The sales price is not being disclosed. Net cash proceeds will be used primarily to reduce Beverly`s debt. The overall transaction is expected to be slightly accretive to pre-tax income in 2003, and increasingly accretive in 2004 and beyond. It is not expected to have a material effect on 2003 third-quarter results. These divested operations are covered by the incremental patient care liability insurance Beverly purchased in June 2003, at no incremental premium cost. Beverly continues to operate 45 other eldercare facilities in California.

"These 13 California facilities were expected to account for less than three percent of total revenues and more than four percent of total projected patient care liability costs in 2003 and to operate at a slight net loss for the year," said William R. Floyd, Beverly Chairman and Chief Executive Officer. "On a combined basis, they represent seven percent of the projected patient care liability costs of all the properties originally encompassed by our divestiture strategy. Liability costs for these facilities for 2003 were projected to increase by more than 60 percent this year over 2002 levels."

Floyd continued: "We continue to be very encouraged by the high level of interest of potential purchasers in the remaining facilities we intend to divest. We believe our divestiture strategy will be substantially completed by the fall of 2004. We will announce sales of other groups of facilities under this strategy as the transactions close."

[Mannerl]

sowas nimmt der Markt anscheiend nicht gerade besonders positiv auf...


...

Beverly Plans to Offer $100 Million of Convertible Subordinated Notes

FORT SMITH, Ark., Oct 13, 2003 (BUSINESS WIRE) -- Beverly Enterprises, Inc. (NYSE:BEV) today announced that it intends to offer, subject to market and other conditions, $100 million in principal amount of Convertible Subordinated Notes due 2033 (the "Notes"). Beverly anticipates using the proceeds of the Notes -- along with a portion of the previously announced $225 million senior secured credit facility it is finalizing -- primarily to pay existing indebtedness, including but not limited to $180 million of its 9% Senior Notes due 2006. The Notes will be general unsecured obligations subordinated in right of payment to its existing and future senior indebtedness. The Notes will be convertible at the option of the holder under certain circumstances prior to maturity into shares of Beverly`s common stock at a conversion price to be determined. Beverly expects to grant the underwriters in this offering a 30-day option to purchase up to an additional $15 million of Notes to cover over-allotments.

The offering of the Notes will be made only by means of a prospectus supplement to be filed under Beverly`s existing shelf registration statement. Copies of the base prospectus included in the existing shelf registration statement may be obtained from Beverly Enterprises, Inc., One Thousand Beverly Way, Fort Smith, Arkansas, 72919. This release shall not constitute an offer to sell or a solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

This release is intended to be disclosure through methods reasonably designed to provide broad, non-exclusionary distribution to the public in compliance with the Securities and Exchange Commission`s Fair Disclosure Regulation. This release may contain forward-looking statements, including statements related to expected financings and the use of proceeds of any such financings, and performance in 2003 and beyond, made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company`s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include: national and local economic conditions, including their effect on the availability and cost of labor, utilities and materials; the effect of government regulations and changes in regulations governing the healthcare industry, including the company`s compliance with such regulations; changes in Medicare and Medicaid payment levels and methodologies, and the application of such methodologies by the government and its fiscal intermediaries; the effects of adopting new accounting standards; liabilities and other claims asserted against the company, including patient care liabilities, as well as the resolution of lawsuits brought about by the announcement or settlement of federal government investigations and increases in the reserves for patient care liabilities; the ability to predict future reserves related to patient care and workers` compensation liabilities; the ability to replace or refinance debt obligations; the ability to reduce overhead costs, obtain pricing concessions from suppliers, improve the effectiveness of our fundamental business processes and develop new sources of profitable revenues; the ability to execute our strategic growth initiatives and implement our strategy to divest certain of our nursing facilities in a timely manner at fair value; the ability to attract and retain qualified personnel; the availability and terms of capital to fund acquisitions, capital improvements and on-going operations; the competitive environment in which the company operates; the ability to maintain and increase census levels; and demographic changes. These and other risks and uncertainties that could affect future results are addressed in the company`s filings with the Securities and Exchange Commission, including Forms 10-K and 10-Q.

Beverly Enterprises Inc. and its operating subsidiaries comprise a leading provider of healthcare services to the elderly in the United States. They operate 408 skilled nursing facilities, as well as 21 assisted living centers, and 22 home care and hospice centers. Through AEGIS Therapies, they also offer rehabilitation services on a contract basis to nursing facilities operated by other care providers.

[Mannerl]

Beverly Announces Date/Time for Third Quarter Earnings Release

FORT SMITH, Ark., Oct 28, 2003 (BUSINESS WIRE) -- Beverly Enterprises, Inc. (NYSE: BEV) today announced that it will release third quarter earnings on Tuesday, November 11, 2003 before the opening of trading on the New York Stock Exchange. Beverly shareholders may listen to a discussion by senior management of the company`s performance at 8:30 a.m. EST by dialing 1-888-202-2422 or 1-913-981-5592 and entering reservation number 778023. A recording of this conference call will be available from 11:30 a.m. EST that day until midnight Friday, November 21. Shareholders may dial 1-888-203-1112 or 1-719-457-0820 and enter reservation number 778023 to access the recording.

Beverly Enterprises, Inc. and its operating subsidiaries comprise a leading provider of healthcare services to the elderly in the United States.

[Mannerl]

Beverly Sells Nine Eldercare Operations In Southern California; Divestitures Now Total 52 Facilities

FORT SMITH, Ark., Oct 31, 2003 (BUSINESS WIRE) -- Beverly Enterprises, Inc. (NYSE: BEV) today announced the all-cash sale of nine skilled nursing operations in Southern California. This sale continues Beverly`s execution of its previously announced strategy to divest facilities that account for a disproportionately high share of its patient care liability costs.

The nine facilities - three owned and six leased, containing a total of 1,188 beds - were sold to a local California investor group. JP Morgan acted as exclusive financial advisor to Beverly in this transaction.

The sales price is not being disclosed. Net proceeds will be used primarily to further reduce Beverly`s debt. The transaction is not expected to have a material impact on Beverly`s 2003 fourth-quarter operating results. It is expected to be slightly accretive to earnings in 2004 and increasingly accretive in 2005 and beyond. The nine facilities accounted for 2.7 percent of Beverly`s projected revenue in 2003 and 3.2 percent of its projected patient care liability costs. These facilities are covered - at no additional premium cost - by the incremental patient care liability insurance Beverly purchased in June 2003.

"Projected patient care liability costs for these nine facilities this year increased more than 60 percent over comparable 2002 levels, and the facilities were operating on a break-even basis during 2003. Their share of projected patient care liability costs this year was nearly 20 percent higher than their expected revenue contributions," said William R. Floyd, Beverly Chairman and Chief Executive Officer. "Since we began to implement this strategy in late 2002, we`ve divested a total of 52 nursing operations - primarily through sales, but also through lease terminations and closures. Collectively, these 52 facilities accounted for 14 percent of projected 2003 revenues, but 31 percent of this year`s projected patient care liability costs. We believe the divestiture strategy will be substantially complete by the fall of 2004 and enable us to reduce projected patient care liability costs by more than 50 percent."

Floyd added: "Potential purchasers continue to demonstrate a high level of interest in the remaining facilities that we intend to divest. We`ll announce sales of additional groups of facilities as the transactions close."

This release is intended to be disclosure through methods reasonably designed to provide broad, non-exclusionary distribution to the public in compliance with the Securities and Exchange Commission`s Fair Disclosure Regulation. This release may contain forward-looking statements, including statements related to performance in 2003 and beyond, made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company`s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include: national and local economic conditions, including their effect on the availability and cost of labor, utilities and materials; the effect of government regulations and changes in regulations governing the healthcare industry, including the company`s compliance with such regulations; changes in Medicare and Medicaid payment levels and methodologies and the application of such methodologies by the government and its fiscal intermediaries; the effects of adopting new accounting standards; liabilities and other claims asserted against the company, including patient care liabilities, as well as the resolution of lawsuits brought about by the announcement or settlement of federal government investigations and increases in the reserves for patient care liabilities; the ability to predict future reserves related to patient care and workers` compensation liabilities; the ability to replace or refinance debt obligations; the ability to reduce overhead costs, obtain pricing concessions from suppliers, improve the effectiveness of our fundamental business processes and develop new sources of profitable revenues; the ability to execute our strategic growth initiatives and implement our strategy to divest certain of our nursing facilities in a timely manner at fair value; the ability to attract and retain qualified personnel; the availability and terms of capital to fund acquisitions, capital improvements and on-going operations; the competitive environment in which the company operates; the ability to maintain and increase census levels; and demographic changes. These and other risks and uncertainties that could affect future results are addressed in the company`s filings with the Securities and Exchange Commission, including Forms 10-K, 10-K/A and 10-Q.

Beverly Enterprises, Inc. and its operating subsidiaries comprise a leading provider of healthcare services to the elderly in the United States. They operate 399 skilled nursing facilities, as well as 21 assisted living centers, and 22 home care and hospice centers. Through AEGIS Therapies, they also offer rehabilitative services on a contract basis to nursing facilities operated by other care providers.

[Mannerl]

Beverly Third-Quarter EPS Totals 9 Cents; Stk Buyback Authorized BEV

FORT SMITH, Ark. (Dow Jones)--Beverly Enterprises Inc.(NYSE:BEV) `s (BEV) third-quarter net income fell 36%, on higher costs and expenses.

In a press release Tuesday, the provider of health-care services to the elderly said it earned $9.98 million for the quarter, or 9 cents a share, down from $15.6 million, or 15 cents a share, a year ago.

The company reported income from continuing operations of $8.4 million, or 8 cents per share, reflecting higher daily rates, occupancy increases and improved patient mix for Skilled Nursing Facilities, as well as gains in revenue, pretax income and operation margins for AEGIS Therapies and Hospice operations. In the year-ago quarter, income from continuing operations was $16.4 million, or 16 cents a share, primarily reflecting higher levels of Medicare payments in effect during that quarter.

Income from continuing operations beat a Thomson First Call consensus estimate of 5 cents a share.

Revenue for the period rose 2.6% to $532.3 million, but missed Wall Street`s projection for revenue of $537.3 million.

In addition, the company`s board authorized the repurchase of up to $20 million of its outstanding common stock, in open-market or private transactions. The authorization is effective Dec. 1 and will remain in effect for one year.

[Mannerl]

die werden ja heute richtig runtergeprügelt!

[betterthantherest]

Unter prügeln verstehe ich aber etwas anderes.

[Mannerl]

heute wurden sie nach oben geprügelt!

52 Wochen hoch bei genau 7 Dollar!

MFG
Mannerl

[betterthantherest]

Mr. Market

Heute so.

Morgen so.

[Mannerl]

better....

er wäre doch interessant was dahinter steckt!

wenn eine Firma "über einen Tag" mehr als 10 % mehr Wert sein soll , dann stellt sich für mich die Frage warum ist dies so?

MFG
Mannerl

[betterthantherest]

Angebot und Nachfrage.

Ich habe es auch schon fertig gebracht, dass Kurse an einem Tag um 20 oder sogar 30% gestiegen sind.

[Mannerl]

meinst cek!

ich denke die beiden sind aber nicht vergleichbar!

[Mannerl]

Nachtrag:

hast schon mal ausgerechnet wieviel Stück Du noch brauchst um "Mitteilungspflichtig" zu werden!

[betterthantherest]

Hallo Mannerl,

das mit den Kurssprüngen war bei Kleindienst Datentechnik und bei Eichborn, zu der Zeit als diese um ihre Tiefststände herum notierten.

Du meinst warscheinlich die Meldepflicht bei überschreiten der 5% Grenze. So weit will ich es wegen der Steuer gar nicht kommen lassen. Über einem Prozent Anteil sind Verkäufe auch nach einem Jahr steuerpflichtig und wenn es nicht unbedingt sein muss, kriegt dieser parasitäre Staat nichts von mir.

[Mannerl]

langsam habe ich den Eindruck Du hast sehr viel Kapital für Aktien übrig!

...

muss mir mal die genannten Firmen anschauen!

MFG
Mannerl

[betterthantherest]

Mannerl das kannst du gerne machen. Du musst aber bedenken, dass ich ein gutes Stück günstiger eingestiegen bin und beide Unternehmen nicht risikolos sind.

Besonders bei Eichborn könnte es durchaus auch böse Überraschungen geben.

Bei Kleindienst habe ich den Vorteil, dass wir in geschäftlichen Kontakten zur Firma stehen. Wir liefern Teile für die Hardware.

So haben wir erfahren, welche konstruktive Maßnahmen getroffen wurden, um sich in technischer Hinsicht durchaus erfolgreich von der Konkurrenz abzusetzen.

Vom bisherigen Vertrieb in den USA hat man sich getrennt, da die Verkaufserfolge weit unter den Erwartungen lagen.

Wie fast überall wartet man auf das Ende der Kaufzurückhaltung potenzieller Kunden.

Bilanziell steht Kleindienst hervorragend da.

[Mannerl]

Medicare Bill Seen Helping Rural Hospitals, PBMs, Others



By Dinah Wisenberg Brin, of DOW JONES NEWSWIRES

PHILADELPHIA (Dow Jones)--Rural hospitals, drug wholesalers and pharmacy benefit managers are among those expected to benefit from the Medicare legislation en route to President Bush, although the precise boost may be difficult to calculate at this point.

The 10-year, $395 billion bill`s hallmark is the Medicare prescription-drug benefit it creates, but the measure institutes other changes that will have an immediate effect elsewhere, Advest Inc. analyst Robert Mains said.

The Senate passed the bill Tuesday following House approval over the weekend.

"Rural hospitals are getting a nice rate increase out of this," Mains said.

Hospitals generally do well under the bill, but rural operators like Province Healthcare Co.(NYSE:PRV) (PRV), Community Health Systems Inc.(NYSE:CYH) (CYH), LifePoint Hospitals Inc.(NASDAQ-NMS:LPNT) (LPNT) and Health Management Associates Inc.(NYSE:HMA) (HMA) get higher rates that put them on par with urban counterparts, he said.

Mains has buy ratings on Community Health, LifePoint and Province and doesn`t follow HMA. He doesn`t own the stocks and his firm has no investment-banking relationship with the companies.

Merrill Lynch noted that roughly $25 billion has been earmarked for rural hospitals and doctors.

Stephens Inc. analyst Nancy Weaver also expects a rural-hospital benefit and said the stocks already have moved in anticipation. Rural-hospital provisions in the bill make 2004 estimates on those companies more realistic, she said in an interview.

In a note, Stephens said small-city hospital company Triad Hospitals Inc.(NYSE:TRI) ( TRI), LifePoint Hospitals, hospital manager Universal Health Services Inc.(NYSE:UHS) (UHS) and nursing home operator Beverly Enterprises Inc.(NYSE:BEV) (BEV) are the big winners in its coverage universe.

Beverly will enjoy a boost because the Medicare bill lifts a cap on therapy services, which Beverly provides in its own and other nursing homes, according to Weaver.

"As a whole, this law highlights one of the biggest positive fundamentals for the healthcare services group - stable government reimbursement," the Stephens note said.

Stephens sees a small negative effect on ambulatory-care company Amsurg Corp.(NASDAQ-NMS:AMSG) (AMSG), and said Medicaid managed care players like Amerigroup Corp.(NYSE:AGP) (AGP) could benefit because the law appears to save the states more than $5 billion a year that can be used elsewhere, such as expanding Medicaid coverage.

Lehman Brothers Inc. started coverage of Amerigroup at equal weight Tuesday.

Stephens expects to seek or receive investment-banking compensation from Beverly and Triad in the next three months; firm disclosures indicated no recent investment-banking relationship with LifePoint, Universal Health or Amsurg. Weaver doesn`t own the shares. Stephens managed or co-managed an Amerigroup securities offering in the past 12 months and expects to seek or receive investment-banking compensation from the company in the next three months.

[betterthantherest]

Im Handelsblatt steht ebenfalls ein Artikel zum Thema Medicare.
Es wird darauf verwiesen, dass der Staat zwar mehr Geld für das Gesundheitssystem ausgeben werde, trotzdem soll der Preisdruck auf die Anbieter jedoch auch größer werden.
Insgesamt müssten die Billiganbieter am meisten davon profitieren.

[Mannerl]

wer hätte das alles gedacht!

die BEVs steigen und steigen!

[betterthantherest]

Echt krass eh.

[Mannerl]

was heißt hier krass

viel zu früh verkauft!

[betterthantherest]

Wer zuerst kommt den bestraft das Leben.

Oder die Frau?

Oder die Freundin?

[Mannerl]

Sun Healthcare Group, Inc. to Retain SunDance Rehabilitation Business
2004 Jan 29 4:29 PM
Sun Healthcare Group, Inc. announced that it has terminated its agreement with AEGIS Therapies, Inc., a wholly owned subsidiary of Beverly Enterprises, under which AEGIS would have acquired the rehabilitation business conducted by SunDance Rehabilitation Corporation and SunDance Rehabilitation Agency, Inc. Sun noted that it was unable to reach agreement with AEGIS on various aspects of the transaction that were conditions to closing.

[Mannerl]

Barbara R. Paul Joins Beverly Enterprises as Senior Vice President and Chief Medical Officer


FORT SMITH, Ark., Feb 11, 2004 (BUSINESS WIRE) -- Beverly Enterprises (NYSE:
BEV) today announced that Barbara R. Paul, M.D. will join the company as senior
vice president and chief medical officer, effective March 15, 2004. In this
role, she will direct Beverly`s company-wide medical quality strategy and ensure
that Beverly implements medical best-practices in its skilled nursing facilities
and rehabilitation operations.

Dr. Paul joins Beverly as she steps down from her current post as director of
the Quality Measurement and Health Assessment Group for the Centers for Medicare
& Medicaid Services (CMS), Department of Health & Human Services, in Baltimore,
Md. While at CMS, she led the launch of HHS Secretary Tommy G. Thompson`s
Nursing Home Quality Initiative and Home Health Quality Initiative, and played a
key role in the agency`s overall quality measurement and public reporting work.
She represented the agency on the boards of the National Quality Forum and The
Leapfrog Group.

Dr. Paul is an internist who was in full-time practice in Napa, Calif. from 1987
to 1999 - in a small group practice affiliated with Queen of the Valley
Hospital, and with Kaiser Permanente. She served as director of women`s health
services and chairperson of the Department of Medicine at Queen of the Valley
Hospital, and was active with the California Medical Association where she
chaired their Council on Ethical Affairs and served on their Board of Trustees.

"We are extremely fortunate to recruit an individual of Barbara`s caliber who
not only is a highly regarded clinician, but also a nationally recognized expert
on healthcare quality," said William R. Floyd, Beverly chairman, president and
chief executive officer. "By creating a full-time chief medical officer
position, we are reinforcing Beverly`s commitment to quality patient and
resident care."

Floyd noted that Jonathan Musher, M.D., who currently serves as Beverly`s
corporate medical director on a part-time basis, will continue in a consulting
role through the end of 2004. "Jonathan will work closely with Barbara and
assist her with the transition into Beverly," said Floyd. "In addition, Jonathan
has agreed to consider a continued consulting relationship beyond 2004."

Dr. Paul earned a Bachelor of Science degree in biochemistry from the University
of Wisconsin, Madison, and her M.D. from Stanford University School of Medicine.

She will relocate from Baltimore to be based in San Francisco. Her husband, Tom
LaFaille, is director of member relations for the Wine Institute in San
Francisco.

Beverly Enterprises, Inc. and its operating subsidiaries are leading providers
of healthcare services to the elderly in the United States. They operate 372
skilled nursing facilities, as well as 20 assisted living centers, and 26
hospice and home care centers. Through AEGIS Therapies, they also offer
rehabilitative services on a contract basis to nursing facilities operated by
other care providers.

SOURCE: Beverly Enterprises

[Mannerl]

Beverly Enterprises New Business Innovation Group Strengthened with Addition of Two Senior Leaders


FORT SMITH, Ark., Feb 16, 2004 (BUSINESS WIRE) -- Beverly Enterprises (NYSE:
BEV) announced that it has strengthened its New Business Innovation Group with
the addition of two vice presidents.

[Mannerl]

Research and Markets: Beverly Enterprises also now offers rehabilitative services on a contract basis to nursing homes.


Feb 25, 2004 (M2 PRESSWIRE via COMTEX) -- Research and Markets announces the
addition of the Beverly Enterprises Business Intelligence Report to its
offerings.

Beverly Enterprise is one of the largest operators of nursing facilities in the
U.S. Beverly Enterprises operates skilled nursing facilities, assisted living
centers, home care and hospice agencies, and outpatient therapy clinics.

Through AEGIS Therapies, Beverly Enterprises also offers rehabilitative services
on a contract basis to nursing homes operated by Beverly as well as other
companies.

Beverly Enterprises, in 2003, operates 452 skilled nursing facilities, as well
as 29 assisted living centers, and 49 home care and hospice agencies. Beverly
Home Care consists of hospice care, home health services, infusion therapy and
home medical equipment at 56 locations. Beverly sold its MATRIX outpatient
rehabilitation clinics in 2003.

[Mannerl]

Beverly Fourth-Quarter EPS Totals 38 Cents; Continuing Operations Account for 11 Cents


FORT SMITH, Ark., Mar 1, 2004 (BUSINESS WIRE) -- Beverly Enterprises, Inc.
(NYSE:BEV) today announced that its net income for the fourth quarter of 2003
totaled $40.8 million (38 cents per share diluted), compared to a net loss of
$91 million (87 cents per share diluted) in the same period of 2002.

Continuing operations achieved net income totaling $11.8 million (11 cents per
share diluted) in the 2003 fourth quarter, compared to a net loss of $46.2
million (44 cents per share diluted) in the year-earlier period. Discontinued
operations provided fourth-quarter net income of $29 million (27 cents per share
diluted in 2003) -- primarily from gains on sales, net of operating losses, for
divested nursing facilities compared to a net loss of $44.8 million (43 cents
per share diluted) in the same period of 2002 primarily related to asset
impairments and other unusual items.

Fourth quarter 2003 net income also included a gain of $6.7 million on the sale
of an equity investment resulting from a 1995 acquisition and costs totaling
$6.6 million relating to the October 2003 refinancing. Revenues for the 2003
fourth quarter totaled $520 million, up 6.1 percent from $490.2 million in the
year-earlier period. (Revenues for both periods have been adjusted to exclude
discontinued operations.)

For the full year 2003, net income totaled $80.5 million (75 cents per share
diluted), compared to a net loss of $146.1 million ($1.39 per share diluted) for
the prior year. Continuing operations accounted for net income of $23.5 million
(22 cents per share diluted) in 2003 and a net loss of $36.8 million (35 cents
per share diluted) in 2002, primarily related to nursing home assets that were
impaired as a result of Medicare funding reductions in 2002.

[Mannerl]

ziemlich unter Druck heute...

[Mannerl]

BEV: downgrade to outperform - Beverly reported 4Q03 operating EPS of $0.11, in
line with our $0.11 estimate and a penny ahead of consensus. Due to the sale of
some profitable facilities in 4Q03, which were classified as discontinued
operations, Beverly missed the contributions to bottom line results that had
been on board in 3Q03. The tax rate of 7% reflects just state taxes as the
company`s net operating loss (NOL) carryforward will likely shield the company
from Federal taxes for the next few years. Depending on assumptions, investors
may come up with a range of operating EPS from $0.10 to $0.13 for 4Q03.

[Mannerl]

Beverly EBITDA from Continuing Operations in 2004 Expected to be $160 Million to $170 Million


FORT SMITH, Ark., Mar 4, 2004 (BUSINESS WIRE) -- Beverly Enterprises, Inc.
(NYSE: BEV) today disclosed its expectation for earnings before interest, taxes,
depreciation and amortization (EBITDA) in 2004. In a presentation to investors
at the Lehman Brothers Global Healthcare Conference, William R. Floyd, Chairman
and Chief Executive Officer, said that the company expected EBITDA from
Continuing Operations in 2004 to total between $160 million and $170 million.
This compares to EBITDA from Continuing Operations in 2003 - net of results from
divestitures under consideration in 2004 - of $143 million.

Floyd`s presentation and related materials are being filed today with the
Securities and Exchange Commission on Form 8-K, in accordance with Fair
Disclosure requirements.

[Mannerl]

FindProfit.com Provides Investment Coverage of Long-Term Healthcare Provider Stocks A look at Sun Healthcare Group, Kindred Healthcare, Manor Care and Beverly Enterprises


PRINCETON, N.J., Mar 10, 2004 (PRIMEZONE via COMTEX) -- FindProfit
(www.findprofit.com), an investment service that delivered a +67% audited return
in 2003, announced today that it has provided to trial and paid subscribers
investment coverage of long-term healthcare providers, including coverage of Sun
Healthcare Group (Nasdaq: SUNH) and Kindred Healthcare (Nasdaq: KIND)
FindProfit examines the long-term healthcare space and investigates the on-going
challenges facing companies in the sector, including coverage of Manor Care
(NYSE:HCR) and Beverly Enterprises (NYSE:BEV).

[Mannerl]

Beverly Enterprises Provides $1 Million Grant to the University of Pennsylvania School of Nursing


PHILADELPHIA, Apr 7, 2004 (BUSINESS WIRE) --


Penn-Beverly Partnership Fund will provide scholarships to address the

critical shortage of geriatric nurses

Beverly Enterprises, Inc., (NYSE:BEV) and the University of Pennsylvania School
of Nursing today announced that Beverly will donate $1 million to the school to
establish the Penn-Beverly Partnership Fund. The fund primarily will be used to
create a scholarship program for Penn Nursing students. This program will offer
scholarship loans that may be forgiven if the recipients complete a work
commitment after they graduate.

"Quality patient care at our nursing homes requires well-educated, dedicated
nurses who have specialized training in the unique health care needs of the
elderly," said William R. Floyd, chairman, president and chief executive officer
of Beverly. "The objective of our grant is to stimulate interest in geriatric
nursing and attract qualified clinicians into long-term care."

The Penn-Beverly Partnership, which will be funded over a four-year period, also
will include a strong mentoring component in which Beverly nurses will team with
Penn students to facilitate the students` clinical work at skilled nursing
facilities. In future years, a peer mentoring network among alumni of the
program will be developed to provide additional support to students as they
complete their studies and enter the workforce.

"We are grateful for the generosity that Beverly has shown with its gift, and we
are delighted that students will now have the opportunity to learn more about
caring for elderly people," said Afaf I. Meleis, PhD, DrPS(hon), FAAN, Margaret
Bond Simon Dean of Nursing. "Our hope is that the Penn-Beverly Partnership will
encourage more of our students to pursue a career in geriatric nursing."

Floyd noted that the University of Pennsylvania School of Nursing was selected
as the recipient of the Beverly grant because it is regarded as one of the
leading nursing schools in the country. The gerontology specialty curriculum at
the school is ranked number one among all graduate schools in a survey conducted
by U.S. News & World Report.

The school also was selected because Beverly has a high concentration of nursing
homes in Pennsylvania. There are 45 Beverly facilities in the state and 20
within a 100-mile radius of the school.

"This partnership will have value to our entire organization," said Floyd. "The
activities being developed under the Penn-Beverly Partnership include continuing
education programs that will give participants the opportunity to upgrade their
skills at Penn. The proximity of the school to several of our facilities will
make it easier for us to capitalize on the partnership."

In addition, the Partnership will enable Penn educators and students to conduct
"best practices" research at Beverly facilities to study the latest innovations
in patient care.

"We anticipate that the Penn-Beverly Partnership will result in great benefit
for all involved," said Dean Meleis.

Beverly Enterprises, Inc. and its operating subsidiaries are leading providers
of healthcare services to the elderly in the United States. They operate 372
skilled nursing facilities, as well as 20 assisted living centers, and 23
hospice and home care centers. Through AEGIS Therapies, they also offer
rehabilitative services on a contract basis to nursing facilities operated by
other care providers.

SOURCE: Beverly Enterprises

[Mannerl]

Beverly Announces Date/Time for First Quarter Earnings Release


FORT SMITH, Ark., Apr 20, 2004 (BUSINESS WIRE) -- Beverly Enterprises, Inc.
(NYSE:BEV) today announced that it will release first quarter earnings on
Wednesday, May 5, 2004 before the opening of trading on the New York Stock
Exchange. Beverly shareholders may listen to a discussion that morning by senior
management of the Company`s performance at 8:30 a.m. EDT by dialing
1-800-946-0783 or 1-719-457-2658 and entering reservation number 571924. A
recording of this conference call will be available from 11:30 a.m. EDT that day
until midnight Friday, May 14. Shareholders may dial 1-888-203-1112 or
1-719-457-0820 and enter reservation number 571924 to access the recording.

Beverly Enterprises, Inc. and its operating subsidiaries comprise a leading
provider of healthcare services to the elderly in the United States.

SOURCE: Beverly Enterprises, Inc.

[Mannerl]

Procuri to Provide Strategic Sourcing Solutions to Beverly Enterprises


PHILADELPHIA, Apr 27, 2004 (BUSINESS WIRE) -- Procuri Inc., a leading provider
of strategic sourcing solutions, today announced that CERES Purchasing
Solutions, the procurement services subsidiary of Beverly Enterprises Inc.
(NYSE: BEV), selected Procuri`s easy-to-use, functionally-rich sourcing
solutions. Beverly Enterprises is one of the nation`s leading providers of
healthcare services for the elderly.

Experienced with strategic sourcing solutions, CERES Purchasing Solutions
desired a more empowering solution that leveraged the team`s sourcing knowledge.

"After having used strategic sourcing technology, we clearly knew what
functionality and accompanying services we wanted in a new provider. After a
complete market evaluation, we found Procuri`s model to be the best fit. We
wanted to leverage our expertise and couple that with highly functional
solutions," said Denver Clark, vice president of strategic sourcing and
procurement for Beverly Enterprises.

CERES and Beverly Enterprises originally signed a one-year agreement. After only
three months of using the solutions, the company extended its agreement through
2007 because of Procuri`s functionally rich solutions and excellent customer
support.

"We are confident in the value Procuri`s solutions add to our organization with
its capability to reduce cycle times, improve decision making and streamline
processes. It just made sense to lengthen our relationship with Procuri," said
Clark.

CERES and Beverly Enterprises will use Procuri`s solutions across its entire
purchasing organization. This will provide the company the most opportunities to
reduce costs for each qualifying spend category, resulting in the greatest
potential savings and ROI.

"Adding Beverly Enterprises to our unequaled and rapidly expanding customer base
provides further confirmation that our solution`s easy to use, highly
configurable functionality is applicable across any industry and for any spend
category," said Mark F. Morel, Sr., Procuri`s president and chief executive
officer.

About Beverly Enterprises

Beverly Enterprises, Inc. and its operating subsidiaries are leading providers
of healthcare services to the elderly in the United States. They operate 372
skilled nursing facilities, as well as 20 assisted living centers, and 23
hospice and home care centers. Through AEGIS Therapies, they also offer
rehabilitative services on a contract basis to nursing homes operated by other
care providers.

About Procuri Inc.

Procuri`s strategic sourcing solutions empower its more than 100 customers to
create a competitive advantage. By accelerating business velocity, Procuri`s
solutions help companies achieve rapid ROI, reduce cycle times and improve buyer
efficiencies. Procuri`s ability to leverage industry best practices and enable
its customers to better predict and control their success in the sourcing
process has led to the company`s unequaled 100 percent customer retention rate.
Customers include Procter & Gamble, Eastman Kodak, ITT Industries, KLM Royal
Dutch Airlines, Rio Tinto and U.S. Steel, among others. For more information,
call 1-877-360-1600 or visit www.procuri.com.

[Mannerl]

Beverly Strong First-Quarter Operating Results Generate Continuing Operations EPS Totaling 18 Cents; EBITDA Guidance for 2004 Raised to $175 - $180 Million


FORT SMITH, Ark., May 4, 2004 (BUSINESS WIRE) -- Beverly Enterprises, Inc.
(NYSE: BEV) today announced that double-digit revenue growth and a significant
improvement in operating margins resulted in net income totaling $23.4 million
for the first quarter of 2004 (22 cents per share diluted), compared to $12.2
million (12 cents per share diluted) in the same period of 2003.

"During the past three years, we`ve taken aggressive actions as part of the
turnaround of Beverly Enterprises to improve quality of care, upgrade our
skilled nursing facility portfolio, grow our service businesses, increase
operating efficiencies and strengthen our financial position," said William R.
Floyd, Chairman and Chief Executive Officer. "The results of these actions are
clearly reflected in our strong first-quarter performance, and the fundamental
improvements we`ve already achieved provide even greater confidence in our
ability to achieve substantial gains throughout 2004. Because of the solid
operating momentum we`ve generated, we are raising our 2004 targeted EBITDA
(earnings before interest, taxes, depreciation and amortization) range from
continuing operations to $175 million to $180 million."

Continuing operations achieved net income of $19.6 million (18 cents per share
diluted) in the 2004 period, compared to $157,000 in the year-earlier period.
Charges for asset impairments, workforce reductions and other unusual items
during the first quarters of 2004 and 2003 totaled $4.1 million and $1.2
million, respectively. Net income and earnings per share continue to benefit
from a low Federal tax rate.

Discontinued operations contributed $3.8 million in net income (4 cents per
share diluted) in the 2004 first quarter, primarily reflecting net gains on the
dispositions of Skilled Nursing Facilities. In the first quarter of 2003,
discontinued operations accounted for net income totaling $12 million (12 cents
per share diluted), primarily reflecting a gain on the January 2003 sale of
outpatient clinics operated by our former MATRIX Rehabilitation business unit.

Revenues for the 2004 first quarter totaled $527.4 million, up 10.7 percent from
the year-earlier period. (Revenues for both quarters have been adjusted to
exclude discontinued operations.) The revenue gain primarily reflects higher per
diem rates, increased occupancy levels and a higher percentage of Medicare
patients in Skilled Nursing Facilities, as well as the substantial growth of
Beverly`s service businesses - Aegis Therapies and Hospice.

Higher EBITDA Margin Reflects Operating Gains

"Our three principal business units - Skilled Nursing Facilities, Aegis
Therapies and Hospice - each achieved significant increases in EBITDA, compared
with the year-earlier period," Floyd added. "Double-digit revenue growth,
coupled with an intense focus on cost-reduction initiatives, generated
significant operating gains and resulted in an increase in our overall EBITDA
margin to nine percent. That`s a gain of 256 basis points from the first quarter
of 2003 and 78 basis points from the fourth quarter. An important contributor to
this higher margin is the labor management system we implemented late last year.
It has proven particularly effective in enabling us to more efficiently address
staffing requirements throughout our Skilled Nursing operations, while
continuing to improve quality of care. This new system was a key reason for the
lower-than-anticipated increase of less than 3.5 percent in our weighted average
wage rate, compared to the year-earlier period."

Skilled Nursing Rates, Occupancy and Patient Mix Increase

On a continuing operations basis, Skilled Nursing Facility revenues rose 8.1
percent from the first quarter of 2003, primarily due to an 8 percent increase
in the overall per diem rate, a 43 basis-point increase in average occupancy
levels and a 62 basis-point improvement in Medicare patients as a percentage of
total patient days. Revenue gains and greater efficiency in managing labor costs
resulted in an increase in EBITDA of 42 percent and an increase in EBITDA
margins of 170 basis points.

Medicare mix rose to 12.5 percent in the 2004 first quarter - the 17th
consecutive quarter of year-over-year increases and the highest share of
Medicare patients since 1998. Compared with the 2003 first quarter, Medicare
average per diem rates increased 9.1 percent, Medicaid rates rose 6.3 percent (6
percent net of the cost of provider taxes) and private/managed care rates were
up 3.2 percent.

Strategic Divestitures Continue on Target

Five facilities were divested during the quarter - two sales, two lease
terminations and one closure. As part of a strategy to strengthen and streamline
its nursing facility portfolio, Beverly has sold or closed 89 under-performing
or non-strategic facilities since the 2003 first quarter.

Service Businesses Achieved Double-Digit Profitable Growth

Aegis Therapies achieved another quarter of profitable growth. Revenues from
third-party clients were up 70 percent from the 2003 first quarter, reflecting
significant business expansion among existing customers and the net addition of
37 new customers during the period. Aegis now provides speech, occupational and
physical therapy services to 547 outside customers, as well as to Beverly`s
skilled nursing facilities. The annualized total revenue run-rate for Aegis at
year-end 2004 is expected to exceed $270 million, including $120 million from
outside customers.

Hospice operations again achieved double-digit revenue and EBITDA gains during
the 2004 first quarter, compared to the year-earlier period. Revenues were up 28
percent and EBITDA was up more than 40 percent, resulting in an increase in
Hospice margins of more than 200 basis points. Daily census averaged 984
patients, an increase of 24 percent from the first quarter of 2003.

Beverly shareholders may listen to a discussion by senior management of the
company`s performance at 8:30 a.m. EDT, May 5 by dialing 1-800-946-0783 or
1-719-457-2658 and entering reservation number 571924. A recording of this
conference call will be available from 11:30 a.m. EDT, May 5 until midnight
Friday, May 14. Shareholders may dial 1-888-203-1112 or 1-719-457-0820 and enter
reservation number 571924 to access the recording.

This release is intended to be disclosure through methods reasonably designed to
provide broad, non-exclusionary distribution to the public in compliance with
the Securities and Exchange Commission`s Fair Disclosure Regulation. This
release may contain forward-looking statements, including statements related to
performance in 2004 and beyond, made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Forward-looking statements
involve known and unknown risks and uncertainties that may cause the company`s
actual results in future periods to differ materially from forecasted results.
These risks and uncertainties include: national and local economic conditions,
including their effect on the availability and cost of labor, utilities and
materials; the effect of government regulations and changes in regulations
governing the healthcare industry, including the company`s compliance with such
regulations; changes in Medicare and Medicaid payment levels and methodologies
and the application of such methodologies by the government and its fiscal
intermediaries; the effects of adopting new accounting standards; liabilities
and other claims asserted against the company, including patient care
liabilities, as well as the resolution of lawsuits brought about by the
announcement or settlement of government investigations and increases in the
reserves for patient care liabilities; the ability to predict future reserves
related to patient care and workers` compensation liabilities; our ability to
obtain adequate insurance coverage with financially viable insurance carriers,
as well as the ability of our insurance carriers to fulfill their obligations;
the ability to replace or refinance debt obligations; the ability to reduce
overhead costs, obtain pricing concessions from suppliers, improve the
effectiveness of our fundamental business processes and develop new sources of
profitable revenues; the ability to execute our strategic growth initiatives and
implement our strategy to divest certain of our nursing facilities in a timely
manner at fair values; the ability to attract and retain qualified personnel;
the availability and terms of capital to fund acquisitions, capital improvements
and on-going operations; the competitive environment in which the company
operates; the ability to repurchase our stock and changes in the stock price
after any such repurchases; the ability to maintain and increase census levels;
and demographic changes. These and other risks and uncertainties that could
affect future results are addressed in the company`s filings with the Securities
and Exchange Commission, including Forms 10-K and 10-Q.

Beverly Enterprises, Inc. and its operating subsidiaries are leading providers
of healthcare services to the elderly in the United States. At March 31, 2004,
we operated 368 skilled nursing facilities, as well as 20 assisted living
centers, and 24 hospice centers. Through Aegis Therapies, we also offer
rehabilitative services on a contract basis to nursing facilities operated by
other care providers.



BEVERLY ENTERPRISES, INC.

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share amounts)



Quarter ended

March 31,

-------------------

2004 2003

--------- ---------

Revenues $527,420 $476,233

Costs and expenses:

Wages and related 299,241 286,063

Provision for insurance and related items 33,729 28,262

Other operating and administrative 143,166 130,052

Depreciation and amortization 15,655 14,159

Asset impairments, workforce reductions and

other unusual items 4,082 1,187

--------- ---------

Total costs and expenses 495,873 459,723

--------- ---------

Income before other income (expenses) 31,547 16,510

Other income (expenses):

Interest expense (11,893) (16,135)

Interest income 1,374 1,212

Net gains (losses) on dispositions 37 (194)

--------- ---------

Total other expenses, net (10,482) (15,117)

--------- ---------

Income before provision for income taxes and

discontinued operations 21,065 1,393

Provision for income taxes 1,442 1,236

--------- ---------

Income before discontinued operations 19,623 157

Discontinued operations, net of taxes: 2004 - $423

and 2003 - $0 3,816 12,031

--------- ---------

Net income $23,439 $12,188

========= =========

Net income per share of common stock:

Basic and diluted:

Before discontinued operations $0.18 $-

Discontinued operations 0.04 0.12

--------- ---------

Net income per share of common stock $0.22 $0.12

========= =========

Shares used to compute basic net income per

share 107,301 104,743

========= =========

Shares used to compute diluted net income

per share 108,426 104,743

========= =========



BEVERLY ENTERPRISES, INC.

SUPPLEMENTARY INFORMATION



Quarter ended

March 31,

---------------------

2004 2003

---------- ----------



Number of Nursing Home Facilities:

Owned 272 317

Leased 96 130

Managed -- 1

---------- ----------

Total 368 448

========== ==========



Number of Beds:

Owned 28,325 34,752

Leased 10,566 14,487

Managed -- 75

---------- ----------

Total 38,891 49,314

========== ==========



Assisted Living Centers 20 29

Home Care Centers 24 47

Outpatient Clinics 10 10



Patient Days 3,089,000 3,074,000





Nursing Home Occupancy - Continuing Ops

(based on operational beds) 88.36% 87.93%



Patient Mix (based on patient days):

Medicaid 70.90% 70.85%

Medicare 12.53% 11.91%

Private & Other 16.57% 17.24%



Sources of Revenue (based on $):

Medicaid 50.91% 52.46%

Medicare 28.42% 26.80%

Private & Other 20.67% 20.74%



Average per diem rate

(including ancillaries) $160.55 $148.68



Wages and related expenses as

a % of revenues 56.74% 60.07%



BEVERLY ENTERPRISES, INC.

SUPPLEMENTARY INFORMATION

ANALYSIS OF REVENUES



Quarter ended

March 31,

---------------------------

2004 2003

------------- -------------

REVENUES (In thousands)

--------



NURSING FACILITIES:

MEDICAID $269,435 $250,788

MEDICARE 123,989 107,592

PRIVATE & OTHER 93,058 91,561

------------- -------------



SUBTOTAL 486,482 449,941



AEGIS THERAPIES 27,180 15,960

HOME CARE 10,970 8,341

OTHER 2,788 1,991

------------- -------------



TOTALS $527,420 $476,233

============= =============





PATIENT DAYS (In thousands)

------------



MEDICAID 2,190 2,178

MEDICARE 387 366

PRIVATE & OTHER 512 530

------------- -------------



TOTALS 3,089 3,074

============= =============





PER DIEM RATE (Including Ancillaries)

-------------



MEDICAID $ 122.12 $ 114.92

MEDICARE - PART A 320.48 293.65

PRIVATE & OTHER 153.31 148.50

------------- -------------



TOTALS(1) $ 160.55 $ 148.68

============= =============

(1) Weighted Average Rates





BEVERLY ENTERPRISES, INC.

SUPPLEMENTARY INFORMATION

ANALYSIS OF OTHER OPERATING AND ADMINISTRATIVE EXPENSES

(In thousands)



Quarter ended

March 31,

-------------------

2004 2003

--------- ---------





SUPPLIES $30,659 $28,844



FOOD 10,777 11,787



UTILITIES 17,337 15,285



OTHER CONTROLLABLES 56,325 46,466



REAL ESTATE

RENTAL 10,007 10,468



EQUIPMENT RENTAL 4,408 4,384



OTHER NONCONTROLLABLES 13,653 12,818

--------- ---------



TOTALS $143,166 $130,052

========= =========



BEVERLY ENTERPRISES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Dollars in thousands)



March 31, December 31,

2004 2003

----------- ------------

(Unaudited)

ASSETS

Current assets:

Cash and cash equivalents $230,227 (a) $258,815

Accounts receivable, less allowance for

doubtful accounts: 2004 - $33,036;

2003 - $31,615 218,239 (a) 164,635

Notes receivable, less allowance for

doubtful notes: 2004 - $2,045;

2003 - $3,336 6,533 13,724

Operating supplies 10,250 10,425

Assets held for sale 3,444 3,498

Investment in Beverly Funding Corporation 32,246 31,342

Prepaid expenses and other 30,378 33,377

----------- ------------

Total current assets 531,317 515,816

Property and equipment, net 673,749 694,220

Other assets:

Goodwill, net 56,835 57,102

Other, less allowance for doubtful

accounts and notes: 2004 - $2,495;

2003 - $2,120 79,649 79,283

----------- ------------

Total other assets 136,484 136,385

----------- ------------

$1,341,550 $1,346,421

=========== ============



LIABILITIES AND STOCKHOLDERS` EQUITY



Current liabilities:

Accounts payable $56,433 $67,572

Accrued wages and related liabilities 93,050 116,717

Accrued interest 12,947 6,896

General and professional liabilities 96,189 93,736

Federal government settlement obligations 13,447 13,125

Liabilities held for sale 696 672

Other accrued liabilities 105,803 102,289

Current portion of long-term debt 13,125 13,354

----------- ------------

Total current liabilities 391,690 414,361

Long-term debt 549,473 552,873

Other liabilities and deferred items 138,270 141,001

Commitments and contingencies

Stockholders` equity:

Preferred stock, shares authorized:

25,000,000 - -

Common stock, shares issued: 2004 -

115,526,851; 2003 - 115,594,806 11,553 11,559

Additional paid-in capital 896,448 895,950

Accumulated deficit (537,386) (560,825)

Treasury stock, at cost: 8,283,316 (108,498) (108,498)

----------- ------------

Total stockholders` equity 262,117 238,186

----------- ------------

$1,341,550 $1,346,421

=========== ============



(a) The decrease in cash and increase in accounts receivable from

December 31, 2003 primarily relate to the Beverly Funding

Corporation ("BFC") transaction. BFC ceased purchasing accounts

receivable from Beverly on March 1, 2004 in order to repay, in

June, $70 million of medium-term notes. The transaction will

eliminate the last of Beverly`s off-balance sheet financing

arrangements and is expected to increase our cash position in the

second quarter of 2004 by at least $32 million. Additional

information will be provided on the conference call for investors.



BEVERLY ENTERPRISES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(Dollars in thousands)



Three Months Ended

March 31,

---------------------

2004 2003

--------- ---------

Cash flows from operating activities:

Net income $23,439 $12,188

Adjustments to reconcile net income to

net cash provided by (used for)

operating activities, including

discontinued operations:

Depreciation and amortization 15,766 17,867

Provision for reserves on accounts,

notes and other receivables, net 6,194 10,745

Amortization of deferred financing

costs 624 1,271

Asset impairments, workforce

reductions and other unusual items 4,082 1,187

Gains on dispositions of facilities

and other assets, net (4,508) (10,168)

Insurance related accounts (572) 13,662

Changes in operating assets and

liabilities, net of acquisitions

and dispositions:

Accounts receivable (59,324)(a) (21,058)

Operating supplies 104 426

Prepaid expenses 3,923 (6,855)

Accounts payable and other

accrued expenses (21,602) (7,888)

Income taxes (585) 2,382

Other, net (4,113) (2,401)

--------- ---------

Total adjustments (60,011) (830)

--------- ---------

Net cash provided by (used

for) operating activities (36,572)(a) 11,358

Cash flows from investing activities:

Capital expenditures (9,777) (7,274)

Proceeds from dispositions of

facilities and other assets, net 19,198 38,129

Collections on notes receivable 6,765 183

Payments for designated funds, net (714) (8,988)

Other, net (3,746) (3,478)

--------- ---------

Net cash provided by investing

activities 11,726 18,572

Cash flows from financing activities:

Repayments of long-term debt (3,629) (4,656)

Repayments of off-balance sheet

financing - (16,783)

Proceeds from exercise of stock

options 293 -

Deferred financing costs paid (406) (1,817)

--------- ---------

Net cash used for financing

activities (3,742) (23,256)

--------- ---------

Net increase (decrease) in cash and cash

equivalents (28,588) 6,674

Cash and cash equivalents at beginning of

period 258,815 115,445

--------- ---------

Cash and cash equivalents at end of period $230,227 $122,119

========= =========

Supplemental schedule of cash flow

information:

Cash paid (received) during the period for:

Interest, net of amounts capitalized $5,218 $14,633

Income tax payments (refunds), net 2,450 (1,146)



(a) The net change in accounts receivable and the related net cash

used for operating activities resulted primarily from the Beverly

Funding Corporation ("BFC") transaction. BFC ceased purchasing

accounts receivable from Beverly on March 1, 2004 in order to

repay, in June, $70 million of medium-term notes. The transaction

will eliminate the last of Beverly`s off-balance sheet financing

arrangements and is expected to increase our cash position in the

second quarter of 2004 by at least $32 million. Additional

information will be provided on the conference call for investors.

SOURCE: Beverly Enterprises, Inc.



CONTACT: Beverly Enterprises, Inc., Fort Smith

Investor Relations:

James M. Griffith, 479-201-5514

or

News Media:

Blair C. Jackson, 479-201-5263

www.beverlycares.com



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KEYWORD: ARKANSAS

INDUSTRY KEYWORD: MEDICAL

CONFERENCE

CALLS

EARNINGS






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[Mannerl]

Q1 2004 Beverly Enterprises Earnings Conference Call - Abstract


May 05, 2004 (CORPORATE CONFERENCE CALL ABSTRACTS via COMTEX) -- The Beverly
Enterprises (BEV) Corporate Conference Call took place on 5-May-04 8:30am ET

BEV reported 1Q revenues up nearly 11% and continuing operations EBITDA margin
up to 9%, a gain of 256 bp from 1Q03 and 78 bp from 4Q03. Co. revised guidance
and raised the targeted EBITDA range for 2004 to between $175-180m. The focus of
the questions and answers session included divestiture program, guidance,
Medicaid, Beverly Funding Corp. transaction.

[Mannerl]

Beverly Prices $215 Million of Senior Subordinated Notes


FORT SMITH, Ark., Jun 18, 2004 (BUSINESS WIRE) -- Beverly Enterprises, Inc.
(NYSE: BEV) today announced that it has priced $215 million aggregate principal
amount of 7-7/8% Senior Subordinated Notes due 2014 (the "2014 Notes"), pursuant
to Rule 144A and Regulation S under the Securities Act of 1933, as amended.

The net proceeds from issuance of the 2014 Notes will be approximately $205
million. Beverly intends to use these proceeds, together with cash on hand, to
purchase for cash any and all of the outstanding $200 million aggregate
principal amount of 9-5/8% Senior Notes due 2009 (the "2009 Notes") tendered in
the tender offer that Beverly commenced on June 9, 2004 and to pay related fees
and expenses of the tender offer. Beverly expects the offering to close on June
25, 2004.

The 2014 Notes have not been registered under the Securities Act of 1933, as
amended, and may not be offered or sold by holders thereof without registration
unless an exemption from such registration requirements is available.

In conjunction with this refinancing, Beverly also is finalizing an amendment of
its bank group agreement to, among other things, permit the issuance of the 2014
Notes and permit the purchase of the 2009 Notes pursuant to the tender offer,
reduce the interest rate on the term loan portion of its senior secured credit
facility by 50 basis points and expand the size of its revolving credit facility
to $90 million from $75 million.

In conjunction with this press release, Beverly will file a Form 8-K with the
U.S. Securities and Exchange Commission.

This announcement is not an offer to sell or a solicitation of an offer to buy
any securities, nor shall there be any sale of the securities in any state where
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.

[betterthantherest]

Hallo Mannerl,

verstehst du eigentlich noch alles, was die da schreiben? Also ich stoße dabei an meine Grenzen.

[Mannerl]

wie meinst Du das jetzt?

[betterthantherest]

Ich wollte wissen, ob du den wörtlichen Sinn der Meldung aus #84 auf deutsch wiedergeben kannst?

[Mannerl]

nein, wenn ich jetzt ehrlich bin dann muss ich Dir sagen ich habs gar nicht gelesen! Trotzdem stelle ich immer soweit ich zeit und lust habe alle Nachrichten dieser Firma hier herein! Meistens lese ich immer den ersten Absatz bzw. "das wichtigste". Da ja Englisch nicht meine Muttersprache ist und ich eigentlich Englisch auch nicht fließend sprechen und reden kann ist das schon sehr anstrengend! Über BEV bin ich aber trotzdem sehr zuversichtlich! Die haben ihre Hausaufgaben meiner Meinung nach schon gemacht! Zeit sich auch deutlich im Kursverlauf wieder!(noch!) Obwohl ich natürlich hier keine Kursverdoppelung sehe wie Du z B. bei cek! BEV hat mache Bereiche verkauft und das ERgebnis was auch schon mal schlechter (!!!) Ich finde das Betätigungsfeld dieser Firma interessant und zukunftsträchtig! Leider ist das interesse von "Gesundheitsdienstleistungsfirmen" bei uns relativ gering! Vielleicht ändert sich das auch noch mal bei uns! Denn auch unsere Krankenhäuser etc. werden sich nochmals umstellen müssen. Leider hab ich mal einen guten seitenlangen Artikel aus der SZ vergessen hier reinzusetzen. Warum aber auch wenns niemand hier interessiert!

Mannerl

[Mannerl]

eigentlich wollte ich über cme auch schon mal einen Thread aufmachen! Warum aber auch...

[Mannerl]

cme = mx4

[betterthantherest]

Ja, ja, das Interesse an so manchen Firmen hält sich wirklich stark in Grenzen.

Bei mir kommt noch hinzu, dass ich sehr wählerisch bin und nur ein Bruchteil aller Firmen überhaupt für mich in Frage kommen.

Man muss auf gute Gelegenheiten warten können. Warren Buffetts Erfolg lässt sich zu einem großen Anteil auf dessen Geduld zurückführen.

Handelt es sich bei CME um den Namen, oder um ein Kürzel?

[Mannerl]

645121
US1677601072
CHICAGO MERCAN. EXCHANGE HLDGS REGISTERED SHARES DL -,01
Us Kürzel cme
dt. Kürzel mx4

ist sowas wie die Eurex

...

[betterthantherest]

Das Wachstum CMEs ist ja beeindruckend.

Was mir nicht gefällt ist die hohe Verschuldung und die Branche.

Buffett sieht gerade für diesen Bereich noch größere Verwerfungen kommen.

Mir persönlich ist die Branche zu heiß, aber wenn ich mir den bisherigen Kursanstieg ansehe, so stehe ich mit meiner Meinung wohl ziemlich allein.

[betterthantherest]

Vielleicht solltest du auch einen Thread Depotbesprechung aufmachen, dann bündelt sich das ganze Interesse etwas mehr.

[Mannerl]

wär sicherlich nicht die schlechteste Idee! Deiner läuft ja!

Mannerl

[betterthantherest]

Lass es mich wissen, falls du einen aufmachst.

[Mannerl]

SAN FRANCISCO (CBS.MW) - Beverly Enterprises said late Wednesday it plans to take a second-quarter pre-tax charge of about $6 million following its sale of 11 eldercare facilities in Arkansas.




Terms of Beverly Enterprises` (BEV: news, chart, profile) sale of the 10 skilled-care nursing home facilities and one assisted-living facility were not disclosed. The facilities were expected to account for $53 million in revenue and a pre-tax loss of $2 million in 2004.

The company, which provides healthcare services to elderly clients, said excluding the planned $6 million charge in the second quarter, the sale would "slightly" add to Beverly`s pre-tax income in 2004 and increasingly add to its pre-tax income in 2005 and beyond.

Analysts polled by Thomson First Call currently expect the Fort Smith, Ark.-based company to report second-quarter sales of $507 million and a per-share profit of 15 cents.

Analysts also currently expect Beverly to report 2004 sales of $2.04 billion and per-share earnings of 64 cents.

[Mannerl]

Lionbridge Secures a Three-Year, Multi-Million Dollar Information Technology Services Agreement with Beverly Enterprises

WALTHAM, Mass., Oct. 14 /PRNewswire-FirstCall/ -- Lionbridge , today announced a three-year, IT services outsourcing agreement with Beverly Enterprises (Nachrichten) . As Beverly`s strategic outsourcing provider, Lionbridge will provide ongoing development, testing, maintenance and support services for Beverly`s portfolio of enterprise technology applications and systems, including financial applications such as accounts payable, receivables, general ledger and payroll, the company`s PeopleSoft HRIMS Benefits implementation, and various front-office web-based applications

[Mannerl]

Beverly Enterprises Inc (NYSE: BEV), a provider of
health care services, said Monday that third-quarter profit more than doubled,
mostly because of higher revenue at its skilled nursing business and for its
AseraCare hospice.

[Mannerl]

Beverly Third Quarter EPS from Continuing Operations Totaled 19 Cents; Revenues Up 10%, EBITDA Up 21%


FORT SMITH, Ark., Nov 8, 2004 (BUSINESS WIRE) -- Beverly Enterprises, Inc.
(NYSE:BEV) today announced that net income from continuing operations totaled
$21.2 million (19 cents per share diluted) in the third quarter of 2004,
compared to $8.1 million (7 cents per share diluted) in the 2003 third quarter.
Revenues from continuing operations for the 2004 third quarter totaled $508.2
million, an increase of more than 10 percent from the comparable period in 2003.

"Double-digit revenue increases and continued contributions from on-going
cost-control initiatives contributed to a 21 percent increase in EBITDA(a) and a
gain of 80 basis points in our overall EBITDA margin to 9.4 percent for the 2004
third quarter, compared to the year-earlier period," said William R. Floyd,
Beverly Chairman and Chief Executive Officer. "We generated robust cash flow
from operations during the quarter totaling nearly $60 million that, combined
with our strong cash position, enabled us to acquire Hospice USA for cash - and,
at the same time, invest $16 million primarily to further improve our skilled
nursing facilities."

Floyd added: "We believe there is upside potential in the 2004 EBITDA range from
continuing operations that we had previously targeted at $180 million to $185
million. This range, for example, does not include the impact of pending
provider tax plans in Indiana and Pennsylvania, which are expected to increase
EBITDA by $12 million to $14 million. We believe these plans will be implemented
during the fourth quarter, but approval could slip into 2005.

"The $180 million to $185 million EBITDA range also does not include operating
results from assets held for sale or from discontinued operations, and excludes
the refinancing charge we recorded earlier this year. However, it does reflect
EBITDA contributions from our recent acquisition of Hospice USA. We`re on track
with the integration of the 18 new hospice operations in Tennessee, Mississippi
and Alabama. This acquisition is expected to contribute nearly $2 million in
EBITDA for 2004."