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Sunrise Assisted Living Inc

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BUSINESS
February 5, 1999 | Bloomberg News
CareMatrix Corp., Sunrise Assisted Living Inc. and other operators of retirement facilities saw their shares plunge Thursday after an analyst predicted government auditors will produce an unfavorable report on the industry. CareMatrix fell 22%, Sunrise fell 8%, Alternative Living Services Inc. fell 16% and Balanced Care Corp. fell 7% after Sheryl R.
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BUSINESS
February 5, 1999 | Bloomberg News
CareMatrix Corp., Sunrise Assisted Living Inc. and other operators of retirement facilities saw their shares plunge Thursday after an analyst predicted government auditors will produce an unfavorable report on the industry. CareMatrix fell 22%, Sunrise fell 8%, Alternative Living Services Inc. fell 16% and Balanced Care Corp. fell 7% after Sheryl R.
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BUSINESS
December 3, 2002
San Francisco-based clothing chain Gap Inc. hired advertising agency Leo Burnett USA to develop marketing strategies for its Gap and Banana Republic brands. Leo Burnett was hired in an effort to better understand how customers feel about the two brands, Gap said. * Sunrise Assisted Living Inc. and a co-bidder are in talks to buy Marriott International Inc.'s senior living unit, Sunrise said. The co-bidder would own the properties and Sunrise would manage them.
BUSINESS
May 22, 2002 | Associated Press
Qwest Communications International Inc. blamed a clerical error for information on its newest board member that was omitted in regulatory filings, a violation of federal rules. Qwest, under investigation by the Securities and Exchange Commission for its accounting practices, did not disclose that Thomas Donohue also serves as a director for Union Pacific Corp., of which Philip Anschutz is vice chairman. Anschutz is Qwest's largest shareholder.
BUSINESS
February 10, 1999 | Bloomberg News
* Aflac Inc. (ticker: AFL; Tuesday close and change: $49.38, down 75 cents) was downgraded to "market perform" from "buy" by analyst Vanessa Wilson at Donaldson, Lufkin & Jenrette Securities Corp. * Electronic Data Systems Corp. (EDS; $46.38, up $1.38) was raised to "buy" from "market perform" by Thomas T. Rooney at Donaldson, Lufkin & Jenrette Securities Corp. * Sunrise Assisted Living Inc. (SNRZ; $37.
BUSINESS
October 1, 1999 | JIM FINKLE, BLOOMBERG NEWS
ARV Assisted Living Inc., a Costa Mesa developer of housing for the elderly, said it settled all outstanding legal disputes with a Lazard Freres & Co. affiliate that owns 48% of ARV. The settlement ends more than a year of uncertainty about the future of ARV, which has sent its stock price plunging 63% over the last 12 months. The relationship between the two soured in April 1998 when the Lazard affiliate agreed to buy ARV competitor Atria Communities Inc.
BUSINESS
December 31, 2002 | From Bloomberg News
Sunrise Assisted Living Inc. agreed to buy Marriott International Inc.'s senior living unit for $150 million in cash and assumed debt to become the largest manager of senior living centers in the U.S. Both companies have significant operations in California. Sunrise has 28 assisted living centers in the state, including 16 in Southern California. Marriott has 15 centers in California, including 13 in the Southland.
BUSINESS
February 28, 2011 | By Tiffany Hsu, Los Angeles Times
A looming boom in the number of older Americans in need of senior apartments, assisted living, healthcare services and access to skilled nursing has prompted another major real estate purchase, as a Chicago company that owns hundreds of senior housing facilities has agreed to buy a Newport Beach competitor in a $5.8-billion stock deal. Ventas Inc.'s purchase of Nationwide Health Properties Inc. is one of the bolder moves in a recent flurry of acquisition deals. Also Monday, Health Care REIT Inc. of Toledo, Ohio, bought nearly 150 properties from rehabilitation facility and nursing home operator Genesis HealthCare Corp.
CALIFORNIA | LOCAL
January 30, 2001 | CONSTANCE SOMMER, SPECIAL TO THE TIMES
Some of the biggest names in senior living--and some of the most posh accommodations--are coming to the San Fernando Valley. Starting this spring and continuing into spring 2003, at least five new assisted-living communities, with such amenities as putting greens, ice cream parlors, weekly housekeeping and communal dining, are expected to open.
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