Emeritus Corporation Announces Common Stock Offering of 4M Shares

Emeritus Corporation ESC today announced that it and certain selling shareholders have commenced an underwritten public offering of an aggregate of 4,000,000 shares of the Company's common stock, of which 3,500,000 shares will be sold by Emeritus and 500,000 shares will be sold by the selling shareholders. In connection with the offering, Emeritus intends to grant the underwriter an option to purchase up to an additional 600,000 shares to cover overallotments, if any.