| Business Summary | | Emeritus
Corporation
is
a
nationally
integrated
assisted
living
company
focused
on
operating
residential
style
communities.
These
communities
provide
a
residential
housing
alternative
for
senior
citizens
that
need
help
with
the
activities
of
daily
living,
with
an
emphasis
on
assisted
living
and
personal
care
services.
Emeritus
also
provides
management
services
to
third
party
and
related-party
owners
of
assisted
living
communities.
The
Company
currently
operates
135
assisted
living
communities,
consisting
of
approximately
12,400
units
with
a
capacity
for
14,100
residents,
located
in
29
states
and
Japan.
Of
these
operating
communities,
Emeritus
owns
16
communities,
leases
45
communities,
manages
69
communities,
and
holds
joint
venture
interests
in
five
communities,
of
which
the
Company
manages
four. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ESC
operates
residential-style
assisted
living
communities
for
seniors.
ESC
currently
owns
and
operates
135
communities
in
29
states
and
Japan.
For
the
three
months
ended
3/31/01,
revenues
rose
14%
to
$34.8
million.
Net
loss
applicable
to
Common
fell
42%
to
$3.7
million.
Revenues
reflect
an
increase
in
the
number
of
occupied
units
and
higher
average
monthly
revenue
per
unit.
Net
loss
also
reflects
lower
community
operations
expenses
as
a
percentage
of
revenues. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
35,177;
after
tax
earnings
were
-1,422. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Daniel Baty, 56 Chairman,
CEO | $1.6K | Raymond Brandstrom, 47 Vice
Chairman, Interim CFO | -- | Gary Becker, 52 Sr.
VP, Operations | 155.6K | Sarah Curtis, 38 VP,
Sales and Marketing | 170.4K | Kellie Murray VP
of HR | -- | 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
|
|