Last $33.77 USD
Change Today -0.21 / -0.62%
Volume 37.5K
ESC On Other Exchanges
Symbol
Exchange
New York
As of 12:21 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

emeritus corp (ESC) Snapshot

Open
$33.98
Previous Close
$33.98
Day High
$34.10
Day Low
$33.60
52 Week High
07/22/14 - $34.14
52 Week Low
09/13/13 - $18.15
Market Cap
1.7B
Average Volume 10 Days
501.6K
EPS TTM
$-2.81
Shares Outstanding
49.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for EMERITUS CORP (ESC)

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emeritus corp (ESC) Details

Emeritus Corporation operates senior living communities in the United States. Its communities provide various resident services, including independent living, assisted living, specialized Alzheimer’s/dementia care, respite care, financial, and skilled nursing care services, as well as personal care and hygiene products, such as diabetic supplies, incontinence, and ostomy supplies for residents. The company also offers a range of outpatient therapy and home health services in Florida, Arizona, and Texas; and management services to independent and related-party owners of senior living communities. As of December 31, 2013, it operated approximately 512 senior living communities with a resident capacity for approximately 54,000 residents in 45 states. The company was founded in 1993 and is based in Seattle, Washington.

21,675 Employees
Last Reported Date: 02/20/14
Founded in 1993

emeritus corp (ESC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $775.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $375.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $475.0K
Executive Vice President of Corporate Develop...
Total Annual Compensation: $350.0K
Executive Vice President of Administration
Total Annual Compensation: $315.9K
Compensation as of Fiscal Year 2013.

emeritus corp (ESC) Key Developments

Emeritus Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Financial Guidance for Second Quarter of 2014; Reports Impairment of Long-Lived Assets for the First Quarter Ended March 31, 2014

Emeritus Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported that net loss was $49,008,000 compared to $39,665,000 a year ago. Adjusted EBITDA was $93,422,000 against $93,024,000 a year ago. Adjusted EBITDAR was $138,827,000 against $123,526,000 a year ago. Net cash used in operating activities was $2,012,000 compared to net cash provided by operating activities of $27,761,000 a year ago. Recurring capital expenditures was $4,995,000 compared to $5,661,000 a year ago. Adjusted cash from facility operations was $20,355,000 or $0.43 per share compared to $19,361,000 or $0.43 per share a year ago. Cash from facility operations was $7,887,000 or $0.17 per share compared to $11,232,000 or $0.25 per share a year ago. Total operating revenues were $521,830,000 against $472,368,000 a year ago. Operating income from continuing operations was $23,318,000 against $32,494,000 a year ago. Loss from operations before income taxes was $46,774,000 against $38,559,000 a year ago. Loss from continuing operations was $47,469,000 or $0.99 per basic and diluted common share against $39,665,000 or $0.88 per basic and diluted common share a year ago. Adjusted CFFO per share was $0.43 for both periods. Net loss attributable to company’s common shareholders was $48,446,000 or $1.02 per basic and diluted common share against $39,756,000 or $0.88 per basic and diluted common share a year ago. Purchase of property and equipment was $18,008,000 against $15,907,000 a year ago. The increase in revenues resulted primarily from the company's acquisition of 38 communities in September 2013 pursuant to an operating lease with Health Care REIT Inc. The increase in Revenue was also attributable to improved occupancy and rate in the Consolidated Same Community portfolio as well as growth in the company's ancillary services through the Nurse On Call Inc. home health care subsidiary. Adjusted EBITDAR rose $15.3 million, or 12.4%, compared to the first quarter of 2013, driven by the increase in community operating income. For the second quarter, the company expects interest expense-GAAP to range from $70,000,000-$72,000,000 and interest expense-CASH to range from $22,300,000-$23,200,000. Depreciation-owned assets are expected to range from $21,000,000-$22,000,000 and depreciation-capital leases are expected to range from $24,000,000-$24,500,000. Amortization-intangible assets are expected to range from $600,000-$700,000. Total depreciation and amortization is expected to range from $45,600,000-$47,200,000. For the quarter, the company reported that impairment of long-lived assets was $1,023,000.

Investors of Emeritus Corp Files Class Action Against the Company

Levi & Korsinsky notified investors of Emeritus Corp. of claims of breaches of fiduciary duty and other violations of state law in connection with the sale of the company to Brookdale Senior Living Inc. A complaint was filed in Washington state court. Under the terms of the transaction, Emeritus shareholders will receive 0.95 shares of Brookdale common stock for each share of Emeritus stock they own. The deal has a total approximate value of $2.8 billion, including the assumption of debt. The claims concern whether the Emeritus Board breached their fiduciary duties to stockholders by failing to adequately shop the company before agreeing to enter into this transaction, and whether Brookdale is underpaying for Emeritus shares.

Brookdale Senior Living Inc., Emeritus Corp. - M&A Call

To discuss merger agreement between Emeritus Corp. and Brookdale Senior Living, Inc

 

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ESC

Industry Average

Valuation ESC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 19.4x
Price/Cash Flow 78.4x
TEV/Sales NM Not Meaningful
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