Beverly Enterprises - BEV

Article Abstract:

Analysts, citing the relatively small number of shares sold by insiders at Beverly Enterprises Inc., doubt that the company will be acquired by a competitor soon. Widespread speculation that Beverly Enterprises will be taken over by another company has been circulating for months. The company's share prices remain low due largely to the takeover speculation and flat earnings. Beverly Enterprises provides long-term health care services for the elderly.

General Medical and Surgical Hospitals, General medical & surgical hospitals, Long-Term Care Hospitals, Evaluation, BEV, Long term care facilities

Beverly Enterprises Inc

Article Abstract:

Beverly Enterprises Inc handles nursing establishments in the US. Ten insiders disposed of 83,250 shares from Jul to Sep 1992 and the selling intensified in Nov 1992 as the 1992 insider sales volume reached a record-high. Fifteen insiders also cleared out 316,256 shares in Nov and Dec 1992 at the $9.88 to $12.50 range. Insider sales for 1992 were pegged at 547,670 shares and most of the recent sales were option-related.

Beverly Enterprises Inc

Article Abstract:

Some 100,392 shares of Beverly Enterprises Inc priced at $12 were sold by nine insiders in May 1993. The share prices had earlier fallen to a low of $9.50 in Feb 1993. Beverly Enterprises is involved in operating nursing and retirement homes as well as pharmacies.