Epoch acquires Sun's assisted living portfolio.Waltham, Mass.-based Epoch Senior Living has acquired eight 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. residences from an affiliate of Sun Healthcare Group Inc. for $85 million. Sale of the high-end communities was approved by the bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. , which is overseeing restructuring of the Albuquerque, N.M.-based nursing home giant. In a prepared statement, Laurence Gerber, 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. of Epoch, said that the communities "will be the cornerstone of our national expansion." The residences, currently known as Sunbridge, will be re-named Epoch Assisted Living. Built within the past two years, the communities are located in Denver, Houston, Las Vegas, Tucson, Sun City West, Ariz., Minnetonka, Minn, Overland Park, Kan., and Roswell, Ga. Epoch will maintain a regional office in Phoenix to oversee their operations. The acquisition beings to 13 the total number of assisted living facilities in Epoch's portfolio. It also owns or operates eight skilled nursing facilities skilled nursing facility n. Abbr. SNF An establishment that houses chronically ill, usually elderly patients, and provides long-term nursing care, rehabilitation, and other services. . |
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