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Re: Occupancy plummeting - I think not     10-Mar-09 04:59 pm    
My mistake Emertitus does not report until Monday, 16th. However I did come across this news clip dated January 13th:


Emeritus Corporation (NYSE: ESC - News), a national provider of assisted living and related services to senior citizens, announced today that, excluding the 13 communities acquired by the Company on December 1, 2008, the fourth quarter 2008 average occupancy was flat with the third quarter of 2008 and the average revenue per occupied unit increased over fourth quarter 2007 by approximately 6.1%.

Mr. Granger Cobb, President and Co-CEO of Emeritus stated, “In spite of the current market turmoil, we were able to maintain occupancy levels in line with the third quarter 2008 average occupancy rate, and drive rate improvements above 6.0%.”
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The information is not NHP specific, but for two operat...
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Re: Occupancy plummeting - I think not
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