Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Beverly Enterprises - Arkansas Inc history
Beverly Enterprises - Arkansas Inc company history timeline
David R. Banks, who had been chairman of the Leisure Lodges chain, joined Beverly as president and CEO in 1979.
By 1983 Beverly was the nation's largest operator of nursing homes.
At the same time, the 1983 legislation changing Medicaid-Medicare reimbursement made the health care industry suddenly cost-conscious.
In Michigan, the health department claimed that Beverly owned almost half of the facilities facing denial of Medicaid payments because of substandard care in 1987.
In 1987 health care officials in Maine and Washington, D.C. denied Beverly permission to open any new homes in their domains because of its poor patient-care record.
Beverly's $1.1 billion debt was beginning to pinch by 1988.
About the same time that Beverly was taken off probation in California late in 1988, Minnesota moved to revoke the license of all 42 of the company's nursing homes in that state.
Some of these planned sales, however, were not completed by the end of 1989.
Robert Van Tuyle stepped down as chairman of the board in May 1990, after 19 years of leadership.
In 1990, about 65 percent of Beverly's patients were paid for by Medicaid, which paid less than private insurers.
After having lost $160 million over the preceding three years, the company turned a profit in 1990 of $13 million.
Then in 1995 Beverly proposed to spin off PCA, selling 20 percent to the public and distributing the rest to shareholders.
Problems with pricing at PCA reportedly made the spin-off unadvisable, and management promised to pursue it in early 1996 instead.
Rate how well Beverly Enterprises - Arkansas Inc lives up to its initial vision.
Beverly Enterprises - Arkansas Inc jobs
Do you work at Beverly Enterprises - Arkansas Inc?
Is Beverly Enterprises - Arkansas Inc's vision a big part of strategic planning?
Zippia gives an in-depth look into the details of Beverly Enterprises - Arkansas Inc, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Beverly Enterprises - Arkansas Inc. The employee data is based on information from people who have self-reported their past or current employments at Beverly Enterprises - Arkansas Inc. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Beverly Enterprises - Arkansas Inc. The data presented on this page does not represent the view of Beverly Enterprises - Arkansas Inc and its employees or that of Zippia.
Beverly Enterprises - Arkansas Inc may also be known as or be related to Beverly Enterprises - Arkansas Inc and Beverly Enterprises Arkansas Inc.