ALC - Assisted Living Concepts Inc

Assisted Living Concepts, Inc. (ALC) and its subsidiaries operated 211 senior living residences in 20 states in the United States totaling 9,305 units. ALC's residences typically range from 40 to 60 units and offer residents with the activities of daily living. The Company provides seniors with care and services, including around-the-clock assistance with activities of daily living, medication management, life enrichment, health and wellness, and other services. The majority of the residences are 40 to 60 units, single story, square shaped buildings with an enclosed courtyard, a mix of studio and one-bedroom apartments, and hallways to accommodate its residents who use walkers and wheelchairs. As of December 31, 2010, it owned 161 of its residences and operated 50 under various leases. On November 1, 2010, ALC completed the acquisition of nine senior living residences from HCP, Inc. ..

Assisted Living Concepts, Inc. Announces Delay on Earnings Release and Conference Call
3 days 3 hours 32 minutes ago - Marketwire via Comtex
Assisted Living Concepts, Inc. (NYSE: ALC) announced that it will delay its previously announced May 3, 2012 earnings release and conference call discussion regarding its 2012 first quarter financial results. ALC has not determined a new date for the release and associated conference call.

Assisted Living Concepts, Inc. Announces Cash Dividend of 10 Cents per Share
3 days 3 hours 30 minutes ago - Marketwire via Comtex
Assisted Living Concepts, Inc. (NYSE: ALC) On May 3, 2012, the Board of Directors declared a cash dividend of 10 cents per share payable to shareholders of record at the close of business on May 21, 2012 and will be paid on June 15, 2012.

the pullback starts...up 50% in 6 months...now earnings is postponed and lawsuits/investigations are begining

Assisted Living Concepts, Inc. Announces Second Quarter 2012 Results
3 days 11 hours 33 minutes ago - Marketwire via Comtex
Assisted Living Concepts, Inc. ("ALC") (NYSE: ALC) reported a net loss of $25.1 million in the second quarter of 2012 as compared to net income of $6.3 million in the second quarter of 2011.

During the second quarters of both 2012 and 2011, ALC recorded One-Time Items described below. Excluding the One-Time Items, net income in the second quarter of 2012 and 2011 would have been $4.2 million and $5.8 million, respectively.

Revenues in the second quarter of 2012 were $56.9 million as compared to revenues of $58.6 million in the second quarter of 2011. Occupancy declined from 5,587 units in the second quarter of 2011 to 5,365 units in the second quarter of 2012. This 222 unit decline includes our planned reduction in residents paying through Medicaid of 78 units.

"The second quarter of 2012 was filled with challenges leading to a decline in both our occupancy and net income," commented Dr. Charles "Chip" Roadman, President and Chief Executive Officer. "Beginning in the second quarter, we have taken swift and decisive actions to address the quality of service delivered to our residents including the engagement of outside advisors. Progress is being made in this area and we believe such changes will enhance shareholder value in the longer term."

For the first six months of 2012, ALC reported a net loss of $19.5 million as compared to net income of $11.3 million in the first six months of 2011.

Excluding the One-Time Items described below, net income in the first six months of 2012 and 2011 would have been $9.8 million and $10.3 million, respectively.

Effective May 20, 2011, ALC implemented a two-for-one stock split of its Class A and Class B Common Stock. All references to share amounts and per share data have been adjusted to reflect this stock split.

sell off after last week report continues