| Business Summary | | Carematrix
Corporation,
formerly
known
as
The
Standish
Care
Company,
Inc.,
is
a
provider
of
assisted
living
and
other
long-term
care
services.
At
December
31,
1999,
the
Company
operated
47
facilities
in
14
states
with
a
capacity
of
5,569
units.
Generally,
assisted
living
represents
a
combination
of
housing
and
24-hour
per
day
personal
support
services
designed
to
assist
seniors
with
the
activities
of
daily
living,
which
include
bathing,
eating,
personal
hygiene,
grooming,
medication
reminders,
ambulating
and
dressing.
Certain
assisted
living
facilities
may
offer
higher
levels
of
personal
assistance
for
residents
with
Alzheimer's
disease
or
other
forms
of
dementia. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Carematrix
Corp.
is
a
provider
of
assisted
living
and
other
long-term
health
care
facilities.
For
the
nine
months
ended
9/30/00,
revenues
decreased
19%
to
$113.7
million.
Net
loss
applicable
to
Common
totaled
$90.8
million,
up
from
$1.1
million.
Revenues
reflect
the
absence
of
development
fee
income.
Net
loss
also
reflects
increased
facility
operating
expenses
due
to
a
$1.8
million
start-up
charge
and
the
inclusion
of
a
$27.2
million
asset
impairment
charge. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Michael Zaccaro, 42 Chairman,
Pres, CEO, Chief Operating Officer | $675K | David Currie, 36 Sr.
VP, Sec., Gen. Counsel | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|