Diversicare to sell Kentucky properties

Executives with long-term care provider Diversicare have signed an agreement to sell three of their Kentucky properties for a combined $18.7 million.

The sales of the facilities in Clinton and Fulton in far Western Kentucky and Glasgow east of Bowling Green are expected to close in the fourth quarter and will trim Brentwood-based Diversicare’s footprint in the Bluegrass State to 10. In the third quarter — during which Diversicare posted a $7.4 million net loss from continuing operations on revenues of $141 million — Kentucky accounted for 19 percent of the company’s revenues.