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Encyclopedia > Sunrise Senior Living

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Please see the discussion on the talk page.
Sunrise Senior Living Incorporated
Type Public (SRZ)
Founded 1981 (Oakton, Virginia)
Headquarters McLean, Virginia
Industry Senior living
Revenue Image:Red up.png$-1,819.5 million USD (2005)
Website American Canadian British German

Sunrise Senior Living, Inc. (NYSE: SRZ) is a senior living company based in northern Virginia. There are over 440 Sunrise locations worldwide. Image File history File links Information_icon. ... Image File history File links Unbalanced_scales. ... A public company usually refers to a company which is permitted to offer its securites (i. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange publicly held and listed under the symbol NYX on its own exchange. ... 1981 (MCMLXXXI) was a common year starting on Thursday of the Gregorian calendar. ... Oakton is a census-designated place located in Fairfax County, Virginia. ... Boundaries of the McLean CDP as of 2003. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory[1], the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... A website (or Web site) is a collection of web pages, images, videos and other digital assets and hosted on a particular domain or subdomain on the World Wide Web. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange publicly held and listed under the symbol NYX on its own exchange. ... Official language(s) English Capital Richmond Largest city Virginia Beach Area  Ranked 35th  - Total 42,793 sq mi (110,862 km²)  - Width 200 miles (320 km)  - Length 430 miles (690 km)  - % water 7. ...

Contents

History

According to Sunrise Senior Living, Paul and Terry Klaassen, the company's founders, each had family experiences with long term care while growing up. Terry and her family experienced the institutional nature of nursing homes in the United States, while Paul visited his grandparents, who lived in home-like and comfortable accommodations in Holland. After the couple married, they volunteered in nursing homes, and saw many seniors who did not need institutionalized care of a nursing home.


The young couple chose to import the Dutch model of long-term care to the U.S. They sold their house, then moved into and renovated a closed nursing home. In the first year of business, Paul and Terry cared for the residents themselves. Word spread of this new senior care alternative, which ultimately became known as assisted living. [1]


In response to the increasing demand, the Klaassens opened two more Sunrise communities in the mid 1980s. In 1987, Sunrise opened the first of their Victorian-style mansions. This was one of the first custom built assisted living communities in the United States.


In the spring of 2003, Sunrise Assisted Living changed its name to Sunrise Senior Living to highlight the broader scope of services and programs designed to meet the specific needs of seniors. Sunrise offers independent living, home care, assisted living, Alzheimer's care, skilled nursing and hospice care. Sunrise currently operates in 40 US states, Canada, the United Kingdom and Germany.


While Sunrise has continue to grow, there has been concerns and issues regarding management. The company has had to restate several years of earning and many of the top executives have been under investigation related to allegations that they imporperly sold off large amounts of stock right before Sunrise reported it was going to need to restate its earnings.


Sunrise is currently going to build a facility over in Ambassdor Campus in Pasadena. They donated 2.1 acre to the city which is going to become a city park right next to a highschool and a church.


Timeline

  • 1981-The company is founded by Paul and Teresa Klaassen.
  • 1982-The first Sunrise training programs are established.
  • 1988-The first prototype Sunrise opens in Arlington, Virginia.
  • 1995-The Sunrise Reminiscence Program, a program for residents with Alzheimer's Disease, is formed.
  • 1996-Sunrise becomes a publicly traded company.
  • 1999-The first international Sunrise location opens just outside of London.
  • 2000-Sunrise develops At Home Assisted Living, a program for senior citizens who don't want to move to a Sunrise location.
  • 2000-Sunrise opens its first location in Canada.
  • 2003-Sunrise acquires Marriott Senior Living Services, adding over 120 locations.
  • 2005-Sunrise opens its first location in Germany.
  • 2006-Sunrise expands to offer hospice services directly to seniors in need of end of life care.
  • 2007-Sunrise operates 440 senior living communities in 40 states and four countries.

1981 (MCMLXXXI) was a common year starting on Thursday of the Gregorian calendar. ... 1982 (MCMLXXXII) was a common year starting on Friday of the Gregorian calendar. ... 1988 (MCMLXXXVIII) was a leap year starting on Friday of the Gregorian calendar. ... Arlington County is a county located in the U.S. state of Virginia (which calls itself a commonwealth), directly across the Potomac River from Washington, DC. By an act of Congress July 9, 1846, the area south of the Potomac was returned to Virginia effective in 1847 As of 2000... 1995 (MCMXCV) was a common year starting on Sunday of the Gregorian calendar. ... 1996 (MCMXCVI) was a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... This article is about the capital of England and the United Kingdom. ... 2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ...

Services

  • Independent living
  • Home care
  • Assisted Living
  • Alzheimer's and memory care
  • Skilled nursing and rehabilitation
  • Hospice

Key People

America and Canada

  • Paul J. Klaassen - Founder, Chairman of the Board and Chief Executive Officer
  • Teresa M. Klaassen - Founder and Chief Cultural Officer
  • Thomas B. Newell - President
  • Tiffany L. Tomasso - Chief Operating Officer
  • Bradley B. Rush - Chief Financial Officer
  • John F. Gaul - General Counsel
  • Carl Adams - Senior Vice President and Treasurer
  • Michael B. Lanahan - Chairman - Greystone Division

United Kingdom

Germany

  • Roberto Marconi - Managing Director
  • Sandra Venohr - Sales and Marketing Director
  • Ines Larsen-Schmidt - Personnel Director
  • Margarete Hoffmann - Maintenance Director
  • Astrid Gräfin Matuschka - Press Spokesperson

Awards and Recognitions

The Washingtonian is a monthly magazine distrubuted in the Washington DC area. ... Fortune magazine is Americas second longest-running business magazine after Forbes magazine. ... It has been suggested that Fortune 500 be merged into this article or section. ...

Related Links

Sunrise Senior Living


References

  1. ^ Assisted Living Success Magazine

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