Emeritus Senior Living Sees Success in Home Healthcare, Plans for Expansion

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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