07 Nov Emeritus Senior Living Sees Success in Home Healthcare, Plans for Expansion
Upon reporting third quarter operating results Tuesday, Emeritus Corp. (NYSE: ESC) said it is looking at expansion opportunities in the home healthcare business and has already begun efforts to expand into two new states.
The company posted a net loss attributable to shareholders of $27.8 million, down from a net loss of $16.2 million during the same period in 2012. Community and management fee revenues increased rose 47% to $484.5 million, with an uptick in cash flow from operations.
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