Assisted Living Concepts, Inc. Engages Financial Advisor.Business Editors PORTLAND, Ore.--(BUSINESS WIRE)--March 22, 2001 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. Concepts, Inc. (AMEX AMEX See: American Stock Exchange :ALF ALF - Algebraic Logic Functional language ), a national provider of assisted living services, announced today that it has engaged Jefferies & Company, Inc. ("Jefferies") as a financial advisor to explore restructuring the Company's obligations to both its convertible debenture Convertible Debenture Any type of debenture that can be converted into some other security. Notes: For example, a convertible bond can be converted into stock. holders and the lessors of certain under-performing leases. The Company and Jefferies intend to initiate discussions with these debenture holders and lessors in the near future. There is no assurance that the Company will be successful in restructuring its obligations. |
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