Home Health Business Quarterly: Assisted Living Update: Emeritus gains time to meet AMEX standards

Emeritus Assisted Living of Seattle, which holds interests in 157 communities with about 14,000 units in 31 states and Japan, has received an extension of time to regain compliance with the American Stock Exchange’s listing standards. The company had fallen below the guidelines that require shareholder equity of at least $6 million if a company has had losses from continuing operations in its five most recent fiscal years. During the plan period, Emeritus will be subject to periodic review by the exchange, and failure to regain compliance could results in its being delisted.