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Graying Arkansas: nursing homes to reap benefits of an aging society.

As the nation's elderly population continues to grow, the already healthy nursing home sector is expected to prosper.

The Census Bureau predicts that the number of people in the above-age-75 and above-age-85 segments of the population will increase by 26 percent and 50 percent, respectively, by the end of the decade.

Increasing numbers of patients are entering nursing homes for rehabilitation and recuperation.

Beverly Enterprises Inc. of Fort Smith, the largest nursing home operator in the country, has seen the average patient length of stay decrease from 30 months to 15 months.

Company officials expect the decrease to continue as Beverly expands its Medicare and rehabilitative therapy sectors.

In 1991, Beverly operated 847 facilities in the United States, 37 of which are in Arkansas.

In addition to its nursing facilities, the publicly traded company operates pharmacies, retirement living centers and home health operations.

The Top Spots

The top spots on the Arkansas Business list of the state's nursing homes changed little from last year. Jacksonville Nursing Center, Pine Bluff Nursing Home and Leisure Lodge of Searcy shared the top position for the second year in a row with 245 beds each.

Jacksonville Nursing Center, which is owned by Beverly, pulled itself out of the red and experienced a significant increase in net income in 1991.

Pine Bluff Nursing Home reported a drop in 1991 assets, but the facility increased its return on assets and net income.

Leisure Lodge of Searcy, also owned by Beverly, almost doubled its 1991 net income and return on assets from the previous year.

Riley's Oak Hill Manor North of North Little Rock maintained its No. 2 ranking with 224 beds. The nursing home doubled its 1991 net income and return on assets from 1990.
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Title Annotation:Arkansas Business Rankings
Author:Fleisch, Shelley
Publication:Arkansas Business
Article Type:Industry Overview
Date:Jul 27, 1992
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