2005 Post 200
Sunrise Senior Living Inc.
7902 Westpark Dr.
McLean, Va. 22102
www.sunriseseniorliving.com
Industry: Health care
Post 200 Category: Top 125 Companies
Revenue: $1.46 Billion
Net Income/Loss: $50.69 Million
Earnings per share: $2.24
Dividend: n/a
Stockholder equity: $523.52 Million
Auditor: Ernst & Young LLP
Stock: SRZ
Assets: $1.09 Billion
Market capitalization: $1.01 Billion
52-week high: 50.23 4/6/2005
52-week low: 30 5/4/2004
Chairman and CEO: Paul J. Klaassen
President: Thomas B. Newell
Employees: 35000
Local employees: 4200
Description: Sunrise Senior Living is the nation's biggest housing provider for the elderly. It operates 380 communities with a total capacity of 43,000 residents in the United States, Canada, Germany and Britain.
Developments: Sunrise pushed to build facilities, with 33 properties under construction in the United States and Europe, where the company hopes to capitalize on growing demand for assisted living and dementia care centers. At year's end, the company established a trust that will control at least 24 properties in Canada. Called the Sunrise Senior Living Real Estate Investment Trust, it entered into a 30-year contract with Sunrise, which will manage the current properties and other units the REIT acquires over time. The company agreed to pay $508 million in January 2005 to buy management interests in 19 senior living communities from Fountains Continuum of Care Inc. of Tucson. That deal will increase capacity and revenue under management by 10 percent when it closes by the middle of the year, Treasurer Kenneth J. Abod said. In November, a former caregiver at a Sunrise facility in Alexandria who fell asleep on the job was sentenced to 45 days in jail after pleading guilty to a misdemeanor charge of neglecting an incapacitated resident, according to prosecutors. Police who answered a 911 call said they found a man lying on the floor calling for help and another patient having trouble with a catheter. The company said it fired the worker and another employee who did not show up for work that day.