However, the firm, which is expected to generate revenue of $60 million this year, will enhance Sunrise's portfolio of 422 senior living communities as well as the 43 under construction. "It will be a contribution to revenues, accretive in 2007," the spokesperson says.
"Trinity is a perfect complement to our growing portfolio of services enabling seniors to age with dignity," says Paul Klaassen, chairman and CEO of Sunrise Senior Living.
Trinity operates 24 hospice programs in nine states (AZ, LA, KS, MO, MS, OK, PA, TN and TX). The hospice provider is currently a portfolio company of KRG Capital Partners, LLC, a Denver-based middle market private equity firm.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
