Navigation Links
Sunrise Receives Proceeds from Venture Refinancing
Date:12/5/2008

MCLEAN, Va., Dec. 5 /PRNewswire-FirstCall/ -- Sunrise Senior Living, Inc. (NYSE: SRZ) today announced the receipt of approximately $8.3 million of proceeds resulting from the refinancing of the existing debt of one of its joint ventures.

As disclosed yesterday by Ventas, Inc., a venture owned 85 percent by Ventas and 15 percent by Sunrise closed eight first-mortgage loans with Freddie Mac, secured by eight senior housing communities managed by Sunrise, aggregating $126 million. Proceeds of the new $126 million Freddie Mac loan were used to repay in full $71 million of existing debt of the venture which was secured by the same eight assisted living communities and was scheduled to mature in mid-2009. The balance of the new loan proceeds was distributed pro-rata to Ventas and Sunrise, with Sunrise's portion totaling approximately $8.3 million.

"We are pleased that Freddie Mac recognized the strength of this portfolio of our core management product in this difficult economic environment," said Mark Ordan, Sunrise's chief executive officer.

On a preliminary basis, Sunrise expects to recognize approximately $8.3 million in equity in earnings as a result of this transaction in the fourth quarter.

About Sunrise Senior Living

Sunrise Senior Living, a McLean, Va.-based company, employs approximately 40,000 people. As of September 30, 2008, Sunrise operated 448 communities in the United States, Canada, Germany and the United Kingdom, with a combined capacity for approximately 55,000 residents. At quarter end, Sunrise also had 34 communities under construction in these countries with a combined capacity for 4,277 additional residents. Sunrise offers a full range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer's and
'/>"/>

SOURCE Sunrise Senior Living, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine news :

1. Sunrise Provides Status Report on Special Independent Committee Investigation; Provides Updates on Managements Internal Control Review Efforts and on Legal Proceedings
2. SingHealth Selects Eclipsys Solutions to Help Improve Clinical Outcomes, First Sunrise Clinical Manager Client Outside of North America
3. Sunrise Settles Litigation Regarding Its 2007 Annual Meeting
4. Eclipsys Sunrise Acute Care Receives CCHIT Certification
5. Sunrise Reports Preliminary Selected Financial and Operating Data for Third-Quarter 2007
6. Sunrise Senior Living Opens First Custom-Built Community for Early, Mid and Late Stage Alzheimers Care Programs
7. Eclipsys Sunrise Radiology Helps Trinitas Hospital Achieve Financial Outcome Improvements
8. Eclipsys Announces Strong Market Momentum for Sunrise Pharmacy
9. Sunrise to Unveil New Residence for Seniors at Clayton on the Park
10. Sunrise Announces Release Date for Fourth-Quarter Preliminary Selected Financial and Operating Data
11. Sunrise Reports Preliminary Selected Financial and Operating Data for Fourth-Quarter 2007
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/29/2015)... At this initial launch, the ... health information around medical conditions that individuals face, ... as well as helping them find solutions to ... conditions using evidenced based information in print and ... around them., ,     Diabetes, , ...
(Date:3/29/2015)... North American Seminars receives Texas Board Physical Therapy ... . , Utilizing Pilates to Enhance Rehab ... # 56399TX      , The Interactive Shoulder Algorithm ... 10.5 hours - Texas Board of Physical Therapy      ... the SI Joint - 10 hours - Texas Board ...
(Date:3/28/2015)... 2015 Coffee could not only perk you ... from gum disease, researchers have found. , They found that ... Coffee contains antioxidants. Antioxidants fight gum disease. Does coffee, then, ... Boston Univ. Henry M. Goldman School of Dental Medicine explored ... issue of the Journal of Periodontology. , “This is the ...
(Date:3/28/2015)... March 28, 2015 Take a bite ... kicks into action. Acids tumble into the stomach, ready ... faulty valve-like structure lets these acids run amok, triggering ... extremely common symptom. More than 60 million Americans have ... examine where heartburn starts, and how it can be ...
(Date:3/28/2015)... The California-based leading wig brand UniWigs ... shopping on UniWigs during the Easter Holidays from today ... promotion on April Fools’ Day. , As the winter ... the corner. Easter Festival, with religious origins to countries ... holiday after Christmas. The best wig provider, UniWigs, would ...
Breaking Medicine News(10 mins):Health News:Krame Health Solutions Announces Release of AfroHealthLink, an Interactive Health Resource Center Tailored to Individuals of African & Caribbean Descent Around the World 2Health News:Krame Health Solutions Announces Release of AfroHealthLink, an Interactive Health Resource Center Tailored to Individuals of African & Caribbean Descent Around the World 3Health News:New Research Impliments Coffee May Help Fight Gum Disease and Increasing Benefits With Tylers Coffee 2Health News:Bypass Your Heartburn Worries This Easter With Tylers Coffee 2Health News:UniWigs Is Sending Out Mysterious Gifts During the Easter Holidays 2
... used farm practice of grafting watermelon and other melon plants ... certain pesticides in the melon fruit, scientists are reporting in ... in the fruit in the study, the scientists advise that ... in a report that appears in ACS, Journal of ...
... block the growth of blood vessels were found to increase ... mice, suggesting a possible explanation for why these drugs don,t ... researchers at the University of Michigan Comprehensive Cancer Center. ... potential breast cancer treatments. But while they do shrink tumors ...
... 24 (HealthDay News) -- Getting too little sleep can make you ... study suggests. The team at Uppsala University in Sweden used ... while they looked at images of food. This was done on ... a night without sleep. The results showed that a specific ...
... -- After studying data on more than 3,700 pairs of ... weight was associated with more than triple the risk for ... affected one of the children. "That only one twin ... twin pairs suggests that environmental factors may play a role ...
... Only about one in five American adults aged 36 to ... epidemic of 2009-2010, even though about 65 percent were at ... claimed to follow the issue moderately or very closely. ... how this age group monitored the epidemic and what they ...
... competitive for scarce funding, scientific journals are increasing efforts ... Still, it may take years to identify and retract ... researchers. "We need a better system," said ... at Virginia Tech. Garner discussed the problem and solution ...
Cached Medicine News:Health News:Avastin, Sutent increase breast cancer stem cells, U-M study shows 2Health News:Can Low Birth Weight Raise Autism Risk? 2Health News:How Did Generation X Respond to the H1N1 'Swine' Flu Epidemic? 2Health News:Scientific plagiarism: A growing problem in an era of shrinking research funding 2
(Date:3/27/2015)... Biopharmaceutical Industry Leads Manufacturing Sector in ... on top as the country,s manufacturing leader in innovation ... ndp│analytics. According to the  analysis , the industry had ... last decade, accounting for 27 percent of average annual ... Short Video on Medicare Part D - Medicare ...
(Date:3/27/2015)... 27, 2015 The Temple Health & Bioscience District ... 5,000-square-foot building at 1802 South First St. in the Temple ... the City of Temple to receive ... the Central Texas Veterans Health Care System, the new facility ... early stage biotechnology and life science companies. ...
(Date:3/27/2015)... A new report from Kalorama Information says that ... Chile , Colombia ... IVD firms.  The healthcare research firm said that while ... the Latin American continent with a population of over 200 ... However, the country,s regional economic clout does not necessarily ensure ...
Breaking Medicine Technology:Week in Review: The Latest from PhRMA 2Temple Health & Bioscience District Relocates, Offers Office And Lab Space To Biotech Companies 2Kalorama: Beyond Brazil, Latin American IVD Market Grows 2Kalorama: Beyond Brazil, Latin American IVD Market Grows 3Kalorama: Beyond Brazil, Latin American IVD Market Grows 4
... 24, 2011 Vanda Pharmaceuticals Inc. (Nasdaq: ... Repella as Senior Vice President, Chief Commercial Officer of ... 25 years of experience in the biotech/pharmaceutical industry, including ... development and commercial operations.   "We are ...
... Par Pharmaceutical Companies, Inc. (NYSE: PRX ) ... 15mg, and 20mg strengths of olanzapine orally disintegrating tablets, ... According to IMS Health data, annual sales in the ... Important information about olanzapine ODT ...
Cached Medicine Technology:Vanda Pharmaceuticals Appoints Chief Commercial Officer 2Par Pharmaceutical Begins Shipment of Generic Zyprexa® Zydis® 2
... supplied on Smart Cards. Insert the card and ... and turns itself off after the programmed time. ... duration of treatments. Simply provide your patient with ... their progress on the next visit.,The initial set ...
... timely, high-quality and accurate,ECG results ... The,Quinton Eclipse Premier allows you ... results,and make a diagnosis quicker ... capabilities.,Workload is further streamlined with ...
A sterile, cost-effective solution to eliminating the risk of cross-contamination....
... profile) is specifically designed for use on ... The MicroTouch LP attaches to tables on ... the user complete freedom to move the ... loss of position of the instrument or ...
Medicine Products: