Sunrise Senior Living acquires The Fountains for $508 million.McLean, Va.-based Sunrise Senior Living  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. Inc., began 2005 by acquiring The Fountains Continuum of Care Inc., a Tucson, Ariz.-headquartered owner and operator of senior living communities. Purchase price was $508 million, Sunrise Sunrise, city (1990 pop. 64,407), Broward co., SE Fla., a residential suburb 8 mi (13 km) W of Fort Lauderdale; inc. 1961 as Sunrise Golf Village. It is a major office and commercial center and the site of Sawgrass Mills, one of the largest malls in the United States. reported. Paul Klaassen, Sunrise's chair and chief executive officer, said the purchase includes management of all 19 of The Fountains' facilities and ownership of 18 of them, as well as several undeveloped parcels. The Fountains has facilities in 13 states, all in areas where Sunrise operates, Klaassen said. The Arizona-based company offers a mix of independent living, 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. , Alzheimer's care and skilled nursing care for about 5,000 residents. Sunrise is the nation's largest provider of senior living services, with more than 39,000 units nationwide, 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. the American Senior Housing Association. |
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