Sunrise to Transition from Management of EdenCare Communities
As previously disclosed in its 2008 10-K, Sunrise could be terminated in 2009 from management of a portfolio of communities that failed to comply with their financial covenants in 2008. HCP announced today that this termination right has been exercised.
“While we regret the loss of these communities, it was not unexpected,” said
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Sunrise Senior Living, a
SOURCE Sunrise Senior Living, Inc.