New name but business as usual for Sunrise long term care firm.It's official: Don't call it Sunrise 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. anymore, As of May 30, the McLean, Va., firm has changed its name to Sunrise Senior Living You can assist by [ editing it] now. Inc. Sunrise first announced plans to change its name in December 2002 while it was acquiring Marriott Senior Living Services Inc. Sunrise shareholders approved the name change on May 12. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Sunrise Senior Living Chairman and Chief Executive Officer Paul Klaasse, the new name reflects the substantial expansion of Sunrise's senior living business and the broad scope of services the company offers. Sunrise's services include independent living, assisted living, skilled nursing, care for residents with Alzheimer's or other forms of memory loss and at-home assisted living. "We are proud of the national reputation for excellence that Sunrise has built over the past 22 years," Klaassen said. "Our new name, Sunrise Senior Living, better reflects the strengths and traditions of our organization today and the broader range of services we have grown to provide." While customers will have to update their Rolodexes and computer address files, Sunrise investors won't have to make much of an adjustment, as the company's stock symbol remains unchanged. Sunrise Senior Living is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under "SRZ SRZ Schulte Roth & Zabel LLP (New York, NY law firm) ." Sunrise posted annual sales of $506 million in 2002, up 18 percent from 2001. The nation's largest provider of senior living services, Sunrise has more than 360 senior living communities that are either open or under construction in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , United Kingdom and Canada with a combined resident capacity of more than 40,000. The company employs more than 30,000 people worldwide. |
|
||||||||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion