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Home > Company Index > Health Products & Services > Long-Term Care Facilities > Grand Court Lifestyles, Inc.

Grand Court Lifestyles, Inc.
OTC: GCLIQ
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 PROFILE
Grand Court Lifestyles may be rejoining the hoi polloi. The company, which has filed for Chapter 11 bankruptcy, owns and manages a portfolio of adult retirement apartments. Grand Court doesn't have the Medicare system to kick around, focusing on private pay rather than Medicare tenants; it operates about 50 facilities and one nursing home with some 6,000 units in about 15 Sunbelt and Midwestern states. Grand Court residents can opt for independent or assisted living, with services such as meals, housekeeping, transportation, and rehabilitation. Revenues are obtained from sales of limited partnership interests in the communities, tenant fees, and property management contracts.

 COMPETITION
ARV Assisted Living, Inc. (SRS)
Emeritus Corporation (ESC)
Life Care Centers of America (dossier)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: January
1999 Sales (mil.): 73.60
1-Yr. Sales Growth: 76.1%
Employees: 2,280
Revenue per employee: $32,280.70

 KEY PEOPLE
• John Luciani
    CEO
• Catherine V. Merlino
    CFO

 CONTACT INFO
2650 N. Military Trail, Ste. 350
Boca Raton, FL 33431
US
Phone: 561-997-0323
Fax: 561-997-7592
Online: Web Site

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