BNET Industries

Regent Assisted Living Inc.

(RGNT) is in the Health Care Industry

Market Cap:$45.0K
Last Fiscal Year Sales:$54.0M
  • Public
  • US
Dow Jones Description

The Company is an owner and operator of private-pay assisted living communities including stand-alone Alzheimer's care communities. Assisted living is part of a spectrum of long-term care services that provide a combination of housing, personal services and health care designed to respond to elderly individuals who require assistance with activities of daily living in a manner that promotes maximum independence. The Company's growth strategy had been based upon the premise that high-quality assisted living services can be more appropriately and efficiently provided in its prototypical designed communities rather than in an existing facility that could be converted to use as an assisted living community. However, as further discussed below and in item 7 "Management's Discussion and Analysis of Financial Condition and Results of Operations," during 2001, as a result of continuing operating losses and difficulties in obtaining operating licenses for certain new buildings, the Company was unable to meet certain of its lease obligations, discontinued all development and construction activities, reduced the number of communities it operates, downsized its workforce and entered into an agreement whereby the Company subcontracted a substantial portion of the management duties for its communities to another assisted living company, Emeritus Corporation.

Contact Information

121 SW Morrison St

Ste 1000

Portland, Oregon 97204

5032274000

NAICS Code Nursing Care Facilities: 623110

News & Analysis

regent assisted living inc. - All News and Analysis

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     RGNT $0.01 0.00 (0.00% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 173
Shares Outstanding 4.51M
Market Cap 45.1K
Year High 0.05
Year Low 0.01
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
IndustryTop Rated
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