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Sunrise Reports Preliminary Selected Financial and Operating Data for Fourth-Quarter 2007
Date:3/3/2008

ted pre-tax charges and impairments described above are preliminary and remain subject to audit by Ernst & Young LLP. As such, this information is not final or complete, and remains subject to change, possibly materially.

Status of Filing of 2006 Form 10-K

The Company continues to work diligently and plans to file its 2006 Form 10-K no later than the New York Stock Exchange ("NYSE") trading extension date of March 17, 2008. No assurance can be given that the Company will file its 2006 Form 10-K by that date. In the event the Company is not able to file its 2006 Form 10-K by March 17, 2008, the NYSE is expected to initiate de-listing of the Company's common stock from trading on the NYSE in accordance with its listing requirements.

Delay in Filing of 2007 Form 10-K

The Company is filing a Form 12b-25 today reporting that its filing of its 2007 Form 10-K will be delayed.

Legal Proceedings Update

-- Trinity OIG Investigation and Related Qui Tam Action. On September

14, 2006, the Company acquired Trinity for $75 million with the

objective of entering the hospice care industry. On January 3, 2007,

Trinity received a subpoena from the Phoenix field office of the

Office of the Inspector General of the Department of Health and Human

Services ("OIG") requesting certain information regarding Trinity's

operations in three locations for the period January 1, 2000 through

June 30, 2006, a period that was prior to Sunrise's acquisition of

Trinity. On September 11, 2007, Trinity and the Company were served

with a qui tam complaint filed on September 5, 2007 in the United

States District Court for the District of Arizona. That filing

amended a complaint filed under seal on November 21, 2005 by four

former employees of Trinity under the qui tam provisions of the

Federal False Claims Act. On February 13, 2008, Trinity
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SOURCE Sunrise Senior Living, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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