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April 12, 2007

Emeritus, Summerville Senior Living

Emeritus Corp., a Seattle-based provider of assisted-living and dementia care services, and Summerville Senior Living of San Ramon, Calif., have reached an agreement for Emeritus to acquire Summerville's outstanding stock. Upon completion of the merger, Summerville will be a wholly owned subsidiary of Emeritus. Granger Cobb, president and CEO of Summerville, will become president and co-CEO of Emeritus. After the merger, Emeritus will operate 284 communities in 36 states with a capacity for more than 28,000 residents. Daniel Baty will continue to serve as chairman and co-CEO of Emeritus.




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