Emeritus to Acquire Weston Group

Emeritus Corporation has entered into an agreement to purchase the Weston Group that provides rehabilitation services and medical equipment products to the senior living industry for $18 million.  The transaction is expected to close in early 2011 and the revenues from the 50 Emeritus accounts represent approximately one third of Weston Group’s $37 million in annual revenue. 

Mr. Granger Cobb, President and Co-CEO of Emeritus, stated, "This is a particularly meaningful opportunity for Emeritus to expand our services into the complementary rehab therapy business. We have the tremendous potential to expand this new line of business throughout all of the Emeritus communities, as well as through external growth."