Diversicare Healthcare Services, Inc. – ‘NT 10-Q’ for 9/30/99

On:  Tuesday, 11/16/99   ·   For:  9/30/99   ·   Accession #:  950144-99-13384   ·   File #:  1-12996

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Notice of a Late Filing of a Form 10-Q   —   Form 12b-25
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: NT 10-Q     Advocat Inc.                                           2     14K 

NT 10-Q
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SECURITIES AND EXCHANGE COMMISSION  
Washington, D.C. 20549  

FORM 12b-25   

                                                Commission File Number 001-12996
                                                                       ---------

NOTIFICATION OF LATE FILING 

(Check One) [ ]Form 10-K [ ]Form 11-K [ ]Form 20-F  [X]Form 10-Q [ ]Form N-SAR  

For Period Ended: September 30, 1999          
                     -------------------------------

[  ]   Transition Report on Form 10-K     [  ]   Transition Report on Form 10-Q 
[  ]   Transition Report on Form 20-F     [  ]   Transition Report on Form N-SAR
[  ]   Transition Report on Form 11-K                                           

For the Transition Period Ended:                              
                                   -------------------------------

         Read attached instruction sheet before preparing form.  Please print or
type.                                                                           

      Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.                                  

       If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:                         

--------------------------------------------------------------------------------

PART I
  REGISTRATION INFORMATION

Full name of registrant                                                         

Advocat Inc.
--------------------------------------------------------------------------------
Former name if applicable                                                       

--------------------------------------------------------------------------------
Address of principal executive office (Street and number)                       

227 Mallory Station Road, Suite 130 
--------------------------------------------------------------------------------

City, state and zip code                                                        

Franklin, Tennessee 37067 
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PART II 
RULES 12b-25(b) AND (c) 

         If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the         
following should be completed.  (Check box if appropriate)                      

        (a)     The reasons described in reasonable detail in Part III of this
             form could not be eliminated without unreasonable effort or
expense;                                      

[X]     (b)     The subject annual report, semi-annual report, transition     
                 report on Form 10-K, Form 20-F, 11-K, or Form N-SAR, or portion
           thereof, will be filed on or before the 15th calendar day
             following the prescribed due date; or the subject quarterly
              report or transition report on Form 10-Q, or portion thereof
             will be filed on or before the fifth calendar day following
the prescribed due date; and                  

      (c)     The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.    

PART III
NARRATIVE 

         State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR, or the transition report portion thereof could not be filed within 
the prescribed time period.  (Attach extra sheets if needed)                    

   The Company has delayed the filing of its third quarter Form 10-Q
pending a review of certain charges the Company expects to record for the nine  
months ended September 30, 1999. The Company is evaluating the need to restate  
its financial results for the first and second quarters of 1999 based on its    
conclusions with regards to the anticipated charges. The 1999 charges are       
primarily due to increases in the provision for doubtful accounts following an  
intensive examination of the Company's accounts receivable and third party      
payor settlements, expenses related to self-insurance for workers' compensation 
claims and the self-insured portion of liability claims and other miscellaneous 
expenses.                                                                       

NT 10-Q
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PART IV 
OTHER INFORMATION 

(1)      Name and telephone number of person to contact in regard to this       
notification                                                  

   Richard B. Vacek, Jr.           615                  771-7575
      --------------------------     -----------        ------------------
               (Name)                (Area Code)        (Telephone Number)

(2)      Have all other periodic reports required under Section 13 or 15(d) of  
     the Securities Exchange Act of 1934 or Section 30 of the Investment
        Company Act of 1940 during the preceding 12 months or for such shorter
     period that the registrant was required to file such report(s) been
filed?  If the answer is no, identify report(s).              
[X] Yes  [ ] No                                               

(3)      Is it anticipated that any significant change in results of operations 
from the corresponding period for the last fiscal year will be
    reflected by the earnings statements to be included in the subject
report or portion thereof?  [X] Yes  [ ] No                   

If so: attach an explanation of the anticipated change, both  
        narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made.      

       The Company expects to report a pretax loss approximating $11 million
to $12 million for the nine months ended September 30, 1999 compared to pretax  
income of $1.3 million for the nine months ended September 30, 1998.            

   In addition, the Company has reported that it is currently not in
compliance with various financial covenants contained in its loan agreements    
with its primary bank and other lenders. Cross-default and other provisions     
contained in other loan agreements will under certain circumstances permit the  
holders of substantially all of the Company's debt to immediately demand        
repayment. The Company has total bank and other debt of $61.8 million as of     
September 30, 1999. Management is currently in various stages of negotiations   
with the Company's bank and other lenders for the restructuring of              
approximately $27 million in debt that is due December 1, 1999. No assurance    
can be given that the Company will successfully negotiate a restructuring,      
including appropriate waivers, of its indebtedness. If any of the Company's     
lenders forced immediate repayment, the Company would not be able to repay the  
amounts outstanding.                                                            

Advocat Inc.
--------------------------------------------------------------------------------
(Name of Registrant as Specified in Charter)

Has caused this notification to be signed on its behalf by the undersigned      
thereunto duly authorized.                                                      

Date:  November 16, 1999              By:  /s/ Richard B. Vacek, Jr.            
   -----------------------------      ----------------------------------------
                                        Richard B. Vacek, Jr., Chief Financial
         Officer

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘NT 10-Q’ Filing		Date		First		Last			Other Filings
		12/1/99		2
Filed on:		11/16/99		2					8-K
For Period End:		9/30/99		1		2			10-Q,  10-Q/A
		9/30/98		2					10-Q
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