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Latest Sunrise Stories

2009-06-18 22:54:00

MCLEAN, Va., June 18 /PRNewswire-FirstCall/ -- Sunrise Senior Living, Inc. (NYSE: SRZ) today announced that it will transition from management of the EdenCare portfolio of 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...

2009-05-04 07:00:00

Expects to Achieve $20 Million of Annual Recurring Savings through Further Cost Reductions Announces Chief Financial Officer Transition MCLEAN, Va., May 4 /PRNewswire-FirstCall/ -- Sunrise Senior Living, Inc. (NYSE: SRZ) today announced details of its efforts to reduce overhead spending and become a leaner organization. Sunrise expects to realize more than $20 million of annual recurring savings from a reduction in non-care related administrative costs. In connection with this...

2009-04-28 16:10:00

MCLEAN, Va., April 28 /PRNewswire-FirstCall/ -- Sunrise Senior Living, Inc. (NYSE: SRZ) today announced it has entered into a twelfth amendment to its Bank Credit Facility, which eliminates all financial covenants, except a minimum liquidity covenant, through the December 2, 2009 maturity date. "We are very pleased that our bank group has worked with us to maintain our line through its maturity date," said Mark Ordan, Sunrise's chief executive officer. "This enables us to continue our...

2009-02-23 08:00:00

MCLEAN, Va., Feb. 23 /PRNewswire-FirstCall/ -- Sunrise Senior Living, Inc. (NYSE: SRZ) today announced that it will host a conference call and Webcast on Monday, March 2, 2009, at 9 a.m. ET to discuss the financial results for the fourth-quarter and full-year 2008. Mark Ordan, chief executive officer, and Richard Nadeau, chief financial officer, will host the call. The call-in number for the conference call is 877-795-3638 or 719-325-4841 (from outside the U.S.). Callers should reference...

2008-12-23 06:45:00

SUNRISE, Fla., Dec. 23 /PRNewswire/ -- On December 18, 2008, the U.S. Department of Labor (DOL) issued a new Family and Medical Leave Act (FMLA) poster based on revisions published in November 2008. Employers with 50 or more employees, and all public sector employers, are required to update their mandatory employee and applicant labor law postings with new FMLA posters. The new FMLA poster outlines how the expanded FMLA provides job-protected leave for the spouses, children or parents of...

2008-12-05 14:15:00

MCLEAN, Va., Dec. 5 /PRNewswire-FirstCall/ -- Sunrise Senior Living, Inc. (NYSE: SRZ) today announced the receipt of approximately $8.3 million of proceeds resulting from the refinancing of the existing debt of one of its joint ventures. As disclosed yesterday by Ventas, Inc., a venture owned 85 percent by Ventas and 15 percent by Sunrise closed eight first-mortgage loans with Freddie Mac, secured by eight senior housing communities managed by Sunrise, aggregating $126 million....

2008-11-14 09:00:30

Sunrise Consulting Group Inc. (Pink Sheets: SNRS) has signed a letter of intent to purchase up to 60% of Sunrise Solartech Co., Ltd. www.srsolartech.com. Sunrise Solartech was founded in March 2006 in Jiansu Province, China as a privately owned enterprise that specializes in designing, developing, manufacturing and marketing solar energy products. Sunrise Solartech is one of China's largest manufacturers of solar PV (Photovoltaic) products, including solar energy appliances, on-grid &...

2008-10-03 09:00:21

By JEFF MAISEY By Jeff Maisey Correspondent The sun has set on Hunter Hughes' stint as host of the eclectic "Sunrise on Sundays" program heard weekly from 6 to 10 a.m. on WPYA Bob FM. On-air personality Holly Williams will take over the show, which will reduced by two hours, 7 to 9 a.m. Hughes was informed of the station's decision on Monday, the day after he hosted and broadcast live from the third annual Sunrise to Sunset Acoustic Festival at Town Point Park. The festival was a...

2008-09-03 16:59:03

Reports of unusually fiery orange sunsets on Earth and ruby red rings around the planet Venus have popped up on the Internet in the last week. Some skywatchers suspect that these views are being colored by the dust and gases injected into the atmosphere by the Aug. 7 eruption of Alaska's Kasatochi volcano. The skywatchers are probably right. Kasatochi, part of the Aleutian Island chain, sent an ash plume more than 35,000 feet (10,600 meters) into the atmosphere when it erupted last...

2008-08-07 06:00:22

By Cathy Locke, The Sacramento Bee, Calif. Aug. 7--El Dorado County became the first jurisdiction to endorse a regional fee program to help fund transportation projects in the Highway 50 corridor. Members of the Board of Supervisors said last week that their support was contingent on the backing of other participants in the Highway 50 Corridor Mobility Partnership and creation of a governing body to oversee the program. The partnership was formed about three years ago to develop a...


Word of the Day
malpais
  • The ragged surface of a lava-flow.
'Malpais' translates from Spanish as 'bad land.'