Mountain View Senior Living in Medford was bought by Emeritus Senior Living of Seattle.
Mountain View Senior Living in Medford was bought by Emeritus Senior Living of Seattle.
The senior center, which was once part of the collapsed Sunwest Management Network, will continue operating at “an improved level of service.”
“We’re looking for ways to improve conditions, not crank the bottom line,” [Mountain View spokesman Mark Whiting] said, noting that Emeritus bought all 144 troubled Sunwest properties for $1.2 billion. Included in the Aug. 5 sale is Eagle Cove Retirement Center in Eagle Point and others in Southern Oregon, he said.
“We are pleased that the Sunwest transaction has closed and we are able to welcome over 9,200 residents and 5,900 employees to the Emeritus family,” said Chairman and Chief Executive Officer Daniel Baty on the corporate website. “The Joint Venture will contribute to our growth over the next several years and should provide a significant return for the company over time.”
Read more at the Mail Tribune.
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