Regency Health Services Inc.: The Newport Beach-based...
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Regency Health Services Inc.: The Newport Beach-based owner and operator of more than 35 nursing homes in the western United States reported Tuesday that its Simi Valley facility was forced to close because of damage it incurred during the Jan. 17 Northridge earthquake. The Simi Valley facility has 99 licensed beds and provides about $4 million in annual revenue for the company. While Regency said there were no injuries, it may be forced to abandon the building at a $1.5-million loss. Regency stock closed at $14.125 a share on the American Stock Exchange, down 67.5 cents a share from Monday.
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