The Washington Post ran an article today entitled, Sunrise Hopes Dawn Is Near, on Sunrise Senior Living and talks about how the company got started and goes into an analysis of its debt position. The company has stated that it has enough cash to operate through the end of January and some analysts think that Sunrise will work with its lenders to restructure its debts rather than file bankruptcy. The article comments that Sunrise’s troubles extend from its rapid expansion and operational policies as well as its accounting scandals/probes that it has faced over the last two years. It’s a well written article that discusses the challenges that Sunrise faces but provides a balance that shows that there is significant potential for profitability and growth once seniors are able to sell their homes to move into Sunrise facilities.
For the full article, click here.
