Subsequent Events

6 Months Ended

Jun. 30, 2013

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

On August 1, 2013, the Company assumed operations at Seneca Place, an existing 107-bed facility in Louisville, KY.  The nursing center is owned by a real estate investment trust ("REIT") and the lease provides for an initial 15-year lease term with a 5-year renewal option. This additional skilled nursing center increases the Company's footprint in Kentucky to nine nursing centers and was already operating and treating patients on the transition date. There was no purchase price paid to enter into the lease agreement for this skilled nursing center.

On August 1, 2013, the Company announced its intent to assume operations of three facilities in Ohio and one facility in Indiana.  The facilities are scheduled to be purchased by a REIT and the Company will assume responsibility for their operations upon the closing of that transaction.  The Company expects to assume operations of these facilities just prior to the end of the third quarter, or early in the fourth quarter of 2013.

Subsequent to June 30, 2013, the Company announced that it has entered into an agreement to terminate its lease with 11 facilities in Arkansas.  The Company anticipates completing this transaction in the third quarter of 2013 and will present the results of these facilities in Discontinued Operations for all periods presented beginning with the Form 10-Q filed with the results of the quarter ended September 30, 2013.