Emeritus, a publicly traded assisted living facility operator, posted a $23.1 Million dollar loss in the 3rd quarter as revenues slightly increased but costs to run its operations increased.  The $4.2 million increase in operating expenses was primarily the result of an increase of $2.0 million in utilities costs and $1.9 million in labor expenses. […]

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Last week, Senior Housing Properties Trust announced its third quarter earnings showing that net income was $29.1 million, or $0.25 per share, for the quarter ended September 30, 2008, compared to net income of $20.6 million, or $0.25 per share, for the quarter ended September 30, 2007.  The results include the gain on sale of […]

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Forbes Magazine and CFO.com both recently ran stories that painted a bleak picture for the outlook of Sunrise Senior Living (SRZ).  Sunrise recently reported a $68.7 million third-quarter loss and that it does not expect to meet certain financial covenants before they come due at the end of 2008.  The company is trying to refinance […]

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The Ensign Group, Inc. (Nasdaq: ENSG - News), the parent company of the Ensign(TM) group of skilled nursing, rehabilitative care services and assisted living companies, recently announced that it has purchased four skilled nursing facilities in Texas and California for an aggregate price of approximately $10.4 million.  The properties were acquired on October 28, 2008 […]

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ResCare (NASDAQ: RSCR), a leading provider of residential, training, therapeutic, educational and support services for people with barriers to employment and special needs, recently announced that it is re-branding its operations in the United Kingdom to better reflect expansion and diversification plans in the UK. In late 2007, ResCare purchased the workforce service operations of […]

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LHC Group, Inc. (NASDAQ: LHCG), one of the largest providers of home nursing services in the United States, recently announced its financial results for the third quarter and nine months ended September 30, 2008.  The company announced that net service revenue for the third quarter of 2008, increased 26.7% to $98.2 million compared with $77.5 […]

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