Type
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Public |
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Traded as | NYSE: BKD |
Industry | Senior living |
Founded | 1993 (Renton, Washington) |
Headquarters | Seattle, Washington |
Website | www |
Emeritus Corporation doing business as Emeritus Senior Living was a provider of independent living, assisted living, Alzheimer's/memory care, and skilled nursing for seniors living in Emeritus communities throughout the United States. The company was founded in 1993, and was acquired by Brookdale Senior Living (the largest company in the industry at the time ) in July 2014 after a $23 million punitive damages award against it in a civil lawsuit in 2013.
Emeritus specialized in assisted living services for seniors who need help with daily activities such as bathing, dressing, meals and medications management. Most communities also provided expert care for Alzheimer's and memory care residents, and offered respite stays for seniors who need short-term stays. Emeritus had locations in 47 states, with several facilities within each state.
Company revenues were $1.57 billion in 2012. As a result of the merger with Brookdale, Emeritus now manages 1,100 facilities in 46 states.
An episode of Frontline which aired on July 30, 2013 documented the alleged neglect and physical abuses perpetrated on patients by Emeritus. In one civil lawsuit, Joan Boice et al v. Emeritus Corporation, a Sacramento, California jury found Emeritus liable for neglect which apparently resulted in the 2009 death of a patient; the jury assessed the company $23 million in punitive damages. Following the broadcast, Emeritus established a website to dispute the allegations.
Coordinates: 47°37′05″N 122°21′29″W / 47.618014°N 122.357977°W / 47.618014; -122.357977
2014-03-05 | Downgrade | Deutsche Bank | Buy to Hold | |
2014-03-03 | Downgrade | JMP Securities | Outperform to Market Perform | |
2012-03-07 | Reiterated | Stifel Nicolaus | Buy | $25 to $22 |
2011-11-29 | Initiated | JMP Securities | Mkt Outperform | $20 |
2011-03-09 | Reiterated | Stifel Nicolaus | Buy | $25 to $30 |
2010-05-04 | Reiterated | Stifel Nicolaus | Buy | $24 to $30 |
2009-09-28 | Reiterated | UBS | Buy | $19 to $28 |
2009-05-12 | Reiterated | Stifel Nicolaus | Buy | $15 to $17 |
2009-05-08 | Upgrade | Morgan Keegan | Mkt Perform to Outperform | |
2009-03-18 | Reiterated | Stifel Nicolaus | Buy | $20 to $15 |
2008-11-13 | Reiterated | Stifel Nicolaus | Buy | $30 to $20 |
2008-09-15 | Reiterated | Stifel Nicolaus | Buy | $21 to $25 |
2008-08-08 | Reiterated | Stifel Nicolaus | Buy | $20 to $21 |
2008-07-29 | Initiated | Morgan Keegan | Mkt Perform | |
2008-04-23 | Initiated | Jefferies & Co | Buy | $30 |
1970-01-01 |
2014-03-05 | Downgrade | Deutsche Bank | Buy to Hold | |
2014-03-03 | Downgrade | JMP Securities | Outperform to Market Perform | |
2012-03-07 | Reiterated | Stifel Nicolaus | Buy | $25 to $22 |
2011-11-29 | Initiated | JMP Securities | Mkt Outperform | $20 |
2011-03-09 | Reiterated | Stifel Nicolaus | Buy | $25 to $30 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In ESC 0 funds of 2213 total. Show all
Fund name | Ticker shares |
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Name Relationship | Total Shares | Holding stocks |
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BF LIMITED PARTNERSHIP Member of 10% 13d group | 6.02% (2951920) | ESC / |
BRANDSTROM RAYMOND R | 0.70% (343275) | ESC / RLH / |
Guay Christopher R SVP Ops & Ancillary Services | 0.04% (21464) | ESC / |
Belford Christopher M SVP Operations | 0.03% (16278) | ESC / |
Cincotta John Anthony SVP Sales | 0.02% (10936) | ESC / |
Mendelsohn D. Eric SVP Corp. Dev. | 0.02% (9138) | ESC / NHI / |
Hanson Jim L SVP Fin Services/Controller | 0.01% (6539) | ESC / |
ROFFE MARTIN D SVP - Financial Planning | 0.01% (4359) | ESC / |
MAUPIN TERRI K SVP Corporate Accounting | 0.01% (3981) | ESC / NILE / |