CareMatrix mulls buying Chancellor Senior Housing.CareMatrix, a Needham Needham (nēd`əm), town (1990 pop. 27,557), Norfolk co., E Mass., a suburb of Boston; founded 1680, set off from Dedham and inc. 1711. Although largely residential, paper products, electronic equipment, software, and other items are manufactured there. , Mass.-based 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. company, is exploring the possibility of acquiring Chancellor Senior Housing Group and some of its affiliates as part of the strategic alternatives. Abraham Gosman, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said the firm is working with PaineWebber and will review the feasibility of the company's acquiring of Chancellor and some of its affiliates, thus eliminating the "black box" financing structure. |
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