Discontinued Operations

6 Months Ended

Jun. 30, 2011

Notes to Financial Statements [Abstract]

Discontinued Operations

(4) Discontinued Operations

The results of operations of assets to be disposed of, disposed assets and the losses related to these divestitures have been classified as discontinued operations for all periods presented in the accompanying consolidated income statements as their operations and cash flows have been (or will be) eliminated from our ongoing operations and we will not have any significant continuing involvement in their operations after their disposal.

During the six months ended June 30, 2011, we developed plans to dispose of a Maryland skilled nursing center in our Inpatient Services segment, whose results have been reclassified to discontinued operations for all periods presented in accordance with GAAP. The subsequent disposition, which was effective August 1, 2011, resulted in cash proceeds to us of $1.8 million, net of the payoff of the $5.2 million mortgage payable for the center.

A summary of the discontinued operations for the periods presented is as follows (in thousands):

			For the Three Months Ended
			June 30, 2011									June 30, 2010
			Inpatient									Inpatient
			Services			Other			Total			Services			Other			Total
Net operating revenues		$	2,434		$	-		$	2,434		$	2,737		$	-		$	2,737
Loss from discontinued operations, net (1)		$	(407	)	$	(9	)	$	(416	)	$	(613	)	$	(39	)	$	(652	)
	(1)  Net of related tax benefit of $289 and $205, respectively

			For the Six Months Ended
			June 30, 2011									June 30, 2010
			Inpatient									Inpatient
			Services			Other			Total			Services			Other			Total
Net operating revenues		$	4,990		$	-		$	4,990		$	5,576		$	-		$	5,576
Loss from discontinued operations, net (1)		$	(736	)	$	(18	)	$	(754	)	$	(1,206	)	$	(51	)	$	(1,257	)
	(1)  Net of related tax benefit of $524 and $414, respectively