| Ventas to Acquire Sunrise Senior Living REIT
LOUISVILLE, Ky., Jan. 15 /PRNewswire-FirstCall/ -- Ventas, Inc. (NYSE: VTR) ("Ventas" or the "Company") announced today that it has reached a definitive agreement with Sunrise Senior Living REIT (TSE: SZR.UN) ("Sunrise REIT") to acquire its interest in 74 high-quality private pay assisted living communities in the U.S. and Canada and the exclusive right of first offer to acquire other newly developed assets in Canada and portions of the U.S. for Cdn $15.00 per unit, for a total value including debt of Cdn $2.1 billion (or approximately USD $1.8 billion at current exchange rates). The 74 communities are located in demographically desirable metropolitan areas of 17 states and two Canadian provinces. Ventas also expects to acquire for a fixed price five communities in the U.S. and Canada that are currently under development (the "Five Development Properties").
Swapping fire coverage may save lives
Bennie Gatto believes elected leaders in Manteca and Lathrop have an obligation to maximize tax dollars spent for fire protection. That's why the former Lathrop mayor and current Lathrop Manteca Fire District board member wants to get the ball rolling for joint discussions between the two cities and fire districts. "You don't know how you can improve things until you talk," Gatto said. Manteca Fire Chief George Quaresma concurs, noting it is wise for the three jurisdictions responsible for fire protection and emergency medical response in Manteca and Lathrop to sit down every two to the years or so and examine how things are done. "The goal is to do what's best for people," Quaresma said. Quaresma said what could come out of such meetings wouldn't even have to fall into the category of merging the districts.
Focus - February 11, 2007:
Scott Du Bois and Wayne Denson, of the Texarkana office of A.G. Edwards, have earned the designation of Certified Financial Planner. As CFPs, they can now offer general personal financial planning and implementation (both short- and long-term), investment and risk management advice, retirement planning counseling, estate planning, insurance evaluation and comprehensive portfolio reviews. For certification, they had to demonstrate ability to analyze and develop personal financial plans and complete a series of rigorous financial planning courses and examinations offered by the college of financial planning. Du Bois has been with A.G. Edwards since 1990 and Denson since 2001. Licensed vocational nurse Pasliso Shields has joined the staff at Exceptional Home Care, according to Deborah A.
Five Star Quality Care, Inc. Announces Record Date for Annual Meeting
NEWTON, Mass.--(BUSINESS WIRE)--Five Star Quality Care, Inc. (AMEX: FVE) today announced that it has scheduled its 2007 Annual Meeting of Shareholders for May 15, 2007. The record date for determination of shareholders entitled to vote at the meeting has been set at the close of business on March 20, 2007. Five Star Quality Care, Inc. is a healthcare services company which operates healthcare and senior living communities. Five Star owns, leases and operates 162 senior living communities with over 18,000 separate living units located in 29 states. These communities include independent living, assisted living and skilled nursing communities. Five Star also operates two rehabilitation hospitals and six institutional pharmacies, one of which also provides mail order pharmaceuticals to the general public.
Seniors work out for Health Week
Residents at Shadow Oaks Assisted Living observed National Healthy Weight Week with an exercise session and a fruit and juice bar with information about the health benefits of fruit. (Suzanne Stone photo) By SUZANNE R. STONE Staff writer An apple a day does more than keep the doctor away it can also keep high blood pressure at bay, residents of Shadow Oaks Assisted Living learned Thursday. Seniors at Shadow Oaks took part in an exercise session and fruit and juice bar, accompanied by information on the health benefits of assorted fruits, courtesy of Hospice Care of South Carolina. The event was held on Tuesday and Thursday at Shadow Oaks in honor of National Healthy Weight Week. "This was something we wanted to do to promote National Healthy Weight Week," said Miranda Spurgeon, community relations director for Hospice Care of South Carolina.
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