Dear Friends of Sunrise:
With the start of the New Year, we are pleased to begin an exciting new chapter for Sunrise Senior Living. On January 9, 2013, we closed our previously announced transaction for Sunrise Senior Living’s real estate business to be sold to Health Care REIT, Inc. (HCN) and our management company to be acquired by a newly formed ownership group comprised of HCN, certain affiliates of Kohlberg Kravis Roberts & Co. L.P. (KKR) and certain affiliates of Beecken Petty O’Keefe. These are all world-class investment groups that are equally committed to helping us continue to fulfill our mission of championing quality of life for all seniors. This new ownership structure means that Sunrise is now a management company only, still operating under the “Sunrise Senior Living” brand, and is no longer publicly traded on the New York Stock Exchange.
Although this announcement is an important step for Sunrise as we continue strengthening our organization, we expect that it will bring very little change to our residents, their families and our team members. Sunrise’s best-in-class approach to personalized care and service remains at the forefront of everything we do. And, our new owners are dedicated to providing Sunrise with the resources to help us not only ensure our high standards of quality continue, but also to identify new opportunities for Sunrise to expand and improve upon our already strong foundation to be the very best in senior living.
Sunrise is a team of 30,000 individuals brought together by our shared commitment and passion to serve. This devotion is what has made us great for more than 30 years, and we will continue to work each and every day to fulfill the promises we have made to our residents and families.
Thank you for your continued support as we have moved to create a bright future for Sunrise as well as for all of our stakeholders. We look forward to a great 2013 when we will continue to prove why so many families choose Sunrise. It is an honor to serve you.
Mark Ordan, Chief Executive Officer
Laura McDuffie, Chief Operating Officer