Beverly Enterprises Inc.: The Pasadena-based nursing-home company...
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Beverly Enterprises Inc.: The Pasadena-based nursing-home company posted a first-quarter loss of $9.4 million, compared to a loss of $952,000 in the year-ago period. Revenue totaled $511 million, up 3%. The results include $8 million in restructuring charges related primarily to losses from the sale of nursing facilities and severance and relocation costs associated with the implementation of the previously announced management reorganization.
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