ATRIA ACQUIRES AMERICAN ELDERSERVE CORPORATION.LOUISVILLE, Ky.--(BUSINESS WIRE)--April 1, 1997--Atria Communities, Inc. (Nasdaq/NM:ATRC ATRC Adaptive Technology Resource Centre (Canada) ATRC Assistive Technology Resource Center ATRC Aegis Training and Readiness Center ATRC Advanced Television Research Consortium ATRC Alien Terrorist Removal Court ATRC Against the Rest Crew ) today announced that it has completed the acquisition of American ElderServe Corporation. As previously announced, the transaction was valued at approximately $30 million including a combination of stock and cash plus debt assumption. American ElderServe, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. based in Atlanta, Georgia, currently operates 12 assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. communities with 503 total units and has six additional facilities scheduled to open in 1997 with an additional 345 units. Atria Atria The heart has four chambers. The right and left atria are at the top of the heart and receive returning blood from the veins. The right and left ventricles are at the bottom of the heart and act as the body's main pumps. is a national provider of assisted and independent living communities for the elderly. Including the American ElderServe communities, the Company, based in Louisville, Kentucky  “Louisville” redirects here. For other uses, see Louisville (disambiguation). , currently operates 37 communities in 15 states with a total of 3,729 units, including 1,437 assisted living units and 2,292 independent living units. Atria presently has 30 additional communities under development. CONTACT: Atria Communities, Inc., Louisville J. Timothy Wesley, 502/596-7178 |
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