Emeritus Corp. is a healthcare company that provides assisted-living situations for the elderly suffering from Alzheimer’s disease and other forms of dementia. The company operates 289 communities in 36 states, accommodating more than 30,000 senior citizens.

Company shares pulled back to their lowest point in the last year, falling to $17.56 during yesterday’s trading session on average volume. However, company officials vehemently assure shareholders that Emeritus is still very much alive. Statements were given to that effect by company president Granger Cobb, in a presentation at the Jefferies 2nd Annual Healthcare Conference in New York.

On his company’s level of service quality he noted: “We have high-quality communities, nearly two-thirds of our communities were constructed in the last twelve years. In the past two years, we have spent over $900 per unit-per year on capital improvements, which is well above the industry average to maintain and upgrade our communities.”

Mr. Cobb went on to address the fact that Emeritus is still a major player in its industry, with this statement: “In terms of assisted living units operated, we are the second largest provider. However, the top ten providers control only about 35% of assisted living units, underscoring the opportunity for a consolidator in today’s market. We are a proven industry consolidator.”

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