ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2012

ACQUISITIONS

Schedule of total purchase price

Eaglewood Care Center and Eaglewood Village

On January 1, 2012, the Company obtained effective control of the Eaglewood Care Center, a skilled nursing facility and the Eaglewood Village facility, an assisted living facility each located in Springfield, Ohio.  The total purchase price was $12,412,000 after final closing adjustments.

	(Amounts in 000’s)
Consideration transferred:
Net proceeds from loans	$	4,693
Seller notes	5,000
Cash from earnest money deposits	250
Cash (prepaid on December 30, 2011)	2,469
Total consideration transferred	$	12,412
Assets acquired:
Land	$	370
Building	9,656
Equipment and furnishings	1,199
Intangible assets — bed licenses	1,188
Goodwill	87
Total assets acquired	12,500
Liabilities assumed:
Real estate taxes and other	(88		)
Total identifiable net assets	$	12,412

Little Rock, Northridge and Woodland Hills

On April 1, 2012, the Company obtained control of the Little Rock, Northridge and Woodland Hills facilities, three skilled nursing facilities located in Little Rock, Arkansas.  The total purchase price was $27,231,000 after final closing adjustments.

	(Amounts in 000’s)
Consideration transferred:
Net proceeds from loans	$	19,732
Cash	5,899
Cash from earnest money deposits	1,600
Total consideration transferred	$	27,231
Assets acquired:
Land	$	1,582
Building	17,256
Equipment and furnishings	1,620
Intangible Assets — bed licenses	6,510
Goodwill	312
Total assets acquired	27,280
Liabilities assumed:
Real estate taxes and other	(49		)
Total identifiable net assets	$	27,231

Abington Place

On June 1, 2012, the Company obtained control of the Abington Place, a skilled nursing facility located in Little Rock, Arkansas.  The total purchase price was $3,581,000 after final closing adjustments.

	(Amounts in 000’s)
Consideration transferred:
Net proceeds from loans	$	3,296
Cash from earnest money deposits	250
Security deposit for lease/May rent	35
Total consideration transferred	$	3,581
Assets acquired:
Land	$	210
Building	225
Equipment and furnishings	2,090
Intangible assets — bed licenses	840
Goodwill	235
Total assets acquired	3,600
Liabilities assumed:
Real estate taxes and other	(19		)
Total identifiable net assets	$	3,581

Schedule of pro forma results of consolidated operations

	Six Months Ended June 30,
(Amounts in 000’s)	2012		2011
Pro forma revenue	$	103,968	$	101,908
Pro forma operating expenses	$	100,169	$	98,468
Pro forma income from operations	$	3,799	$	3,440