Law & Health Weekly
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Five Star Quality Care, Inc.
Five Star Sues Sunrise
August 30th, 2008
Five Star Quality Care, Inc. (AMEX: FVE) announced that it has commenced litigation against Sunrise Senior Living (NYSE: SRZ). The purpose of this litigation is to require Sunrise to account to Five Star for excess charges by Sunrise insurance programs to senior living communities which were managed by Sunrise for Five Star between 2003 and 2006. In 2003, Sunrise acquired Marriott Senior Living Services from Marriott International, Inc. At that time, Marriott managed 31 senior living communities for Five Star. When Sunrise assumed this management, the Five Star communities began to participate in Sunrise's insurance programs. Over time, Five Star became dissatisfied...
Source: Law & Health Weekly (2008-08-30)
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