2008-05-19 23:46:47 -
- Emeritus Corporation (AMEX: ESC), a national provider of assisted living and Alzheimer's and related dementia care services to senior citizens, today announced that Raymond Brandstrom, Chief Financial Officer of the Company, will present an overview of the Company followed by a question and answer period at the 2008 Citi Investment Research Global Health Care Conference on Wednesday, May 21,
2008 at 4:30 P.M. Eastern at the Hilton New York.
A live broadcast of the Emeritus presentation will be available on the Company's website in the "investors" section at
www.emeritus.com. A replay will be available within 24 hours following the presentation and will remain on the Company's website for 30 days.
ABOUT THE COMPANY
Emeritus Corporation is a national provider of assisted living and Alzheimer's and related dementia care services to seniors. Emeritus is one of the largest and most experienced operators of freestanding assisted living communities located throughout the United States. These communities provide a residential housing alternative for senior citizens who need help with the activities of daily living with an emphasis on assistance with personal care services to provide residents with an opportunity for support in the aging process. Emeritus operated, or had an interest in, 289 communities representing capacity for 24,822 units and approximately 29,692 residents in 37 states at March 31, 2008. Our common stock is traded on the American Stock Exchange under the symbol ESC, and its home page can be found on the Internet at www.emeritus.com.
Forward Looking Statements
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: A number of the matters and subject areas discussed in this release that are not historical or current facts deal with potential future circumstances, operations, and prospects. The discussion of such matters and subject areas is qualified by the inherent risks and uncertainties surrounding future expectations generally, and also may materially differ from our actual future experience as a result of such factors as: the effects of competition and economic conditions on the occupancy levels in our communities; our ability under current market conditions to maintain and increase our resident charges in accordance with our rate enhancement programs without adversely affecting occupancy levels; increases in interest costs as a result of re-financings; our ability to control community operation expenses, including insurance and utility costs, without adversely affecting the level of occupancy and the level of resident charges; our ability to generate cash flow sufficient to service our debt and other fixed payment requirements; our ability to find sources of financing and capital on satisfactory terms to meet our cash requirements to the extent that they are not met by operations, and other uncertainties related to professional liability claims. We have attempted to identify, in context, certain of the factors that we currently believe may cause actual future experience and results to differ from our current expectations regarding the relevant matter or subject area. These and other risks and uncertainties are detailed in our reports filed with the Securities and Exchange Commission (SEC), including our Annual Reports Form 10-K and Quarterly Reports Form 10-Q.
Emeritus Corporation
Investor Relations, 206-298-2909
