Sale of Assets, Discontinued Operations and Assets and Liabilities Held for Sale

12 Months Ended

Dec. 31, 2011

Discontinued Operations and Assets and Liabilities Held for Sale [Abstract]

Discontinued Operations and Assets and Liabilities Held for Sale

(7)  Discontinued Operations and Assets and Liabilities Held for Sale

(a)  Discontinued Operations

In accordance with GAAP, the results of operations of assets to be disposed of, disposed assets and the gains (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.

Inpatient Services: During 2011, we disposed 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 disposition, which was effective on August 1, 2011, resulted in cash proceeds to us of $1.8 million, net of our repayment of the related $5.2 million mortgage note.  During August 2011, we also divested two hospice operations in Oklahoma for a nominal price plus the assumption of certain liabilities by the buyer. The disposition resulted in a loss of $0.7 million, net of related tax benefit.

During 2010, we disposed of our nurse practitioner services group of our Inpatient Services segment, whose results have been reclassified to discontinued operations for all periods presented in accordance with GAAP.

During 2009, we reclassified one assisted living center into discontinued operations as we elected to not renew that center's lease and allowed operations to transfer to another operator.

(b)  Assets and Liabilities Held for Sale

We had no assets held for sale as of December 31, 2011 or 2010.

A summary of the discontinued operations for the years ended December 31 is as follows (in thousands):

		2011
		Inpatient
		Services			Other			Total
Net operating revenues	$	5,811		$	-		$	5,811
Loss from discontinued operations, net (1)	$	(1,486	)	$	(37	)	$	(1,523	)
Loss on disposal of discontinued operations, net (2)		(681	)		-			(681	)
Loss from discontinued operations, net	$	(2,167	)	$	(37	)	$	(2,204	)

(1)  Net of related tax benefit of $1,024

(2)  Net of related tax benefit of $441

		2010
		Inpatient
		Services			Other			Total
Net operating revenues	$	11,211		$	-		$	11,211
Loss from discontinued operations, net (1)	$	(1,798	)	$	(72	)	$	(1,870	)
Loss on disposal of discontinued operations, net (2)		-			-			-
Loss from discontinued operations, net	$	(1,798	)	$	(72	)	$	(1,870	)

(1)  Net of related tax benefit of $1,031

(2)  Net of related tax expense of $0

		2009
		Inpatient
		Services			Other			Total
Net operating revenues	$	13,397		$	-		$	13,397
Loss from discontinued operations, net (1)	$	(3,948	)	$	(35	)	$	(3,983	)
Loss on disposal of discontinued operations, net (2)		(317	)		(16	)		(333	)
Loss from discontinued operations, net	$	(4,265	)	$	(51	)	$	(4,316	)

(1)  Net of related tax benefit of $2,416

(2)  Net of related tax benefit of $231