Overview

CareMatrix Corporation (the "Company") (formerly known as The Standish Care Company, Inc.) is a provider of assisted living and other long-term care services. At December 31, 1999, the Company operated 47 facilities in 14 states with a capacity of 5,569 units. Of these facilities, 13 are owned, 20 are leased or operated under long-term management agreements and 14 are managed. Currently, the Company has four facilities under construction. The Company does not currently plan to develop any additional facilities at this time other than those in which it has a contractual obligation to do so. The Company's strategy is to provide a full range of assisted living and...