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Emeritus Corporation (NYSE:ESC) (“Emeritus”), the nation’s largest provider of assisted living and memory care services, today announced that the transaction with Health Care REIT, Inc. (NYSE: HCN) (“HCN”) and Merrill Gardens has closed. Under the terms of the previously announced transaction, Emeritus is leasing a total of 38 senior living communities (the “Communities”), representing approximately 4,400 units, which were owned by a joint venture comprised of HCN and Merrill Gardens. The Communities are located in eight states, concentrated primarily in Washington and California, and offer independent living, assisted living and memory care services.
About Emeritus Corporation
Emeritus Senior Living is the largest assisted living and memory care provider in the United States, with the ability to serve nearly 54,000 residents. Over 31,000 employees support approximately 510 communities throughout 45 states coast to coast. Emeritus offers the spectrum of senior residential choices, care options, and life enrichment programs that fulfill individual needs and promote purposeful living during the aging process. Senior living service offerings include independent living, assisted living, memory care, skilled nursing, home health care, and rehabilitation services. Emeritus experts provide insights on senior living, care, wellness, brain health, and family topics at
www.emeritus.com, which also offers details on the organization’s family-focused philosophy and services. Emeritus’ common stock is traded on the New York Stock Exchange under the symbol ESC