{"id":1004049474,"date":"2012-11-05T07:45:35","date_gmt":"2012-11-05T15:45:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004049474"},"modified":"2022-12-08T10:32:25","modified_gmt":"2022-12-08T18:32:25","slug":"emeritus-to-enter-home-health-care-business-with-102m-purchase","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/emeritus-to-enter-home-health-care-business-with-102m-purchase\/","title":{"rendered":"Emeritus to Enter Home Health Care Business with $102M Purchase"},"content":{"rendered":"

By Barbra Murray, Contributing Editor<\/em><\/p>\n

\"\"<\/a>

Emeritus CEO Granger Cobb<\/p><\/div>\n

Emeritus Corp., the largest provider of assisted living and memory care services in the country, has just made plans to branch out into new territory. The company will enter the home health care business with a big splash through the planned $102 million acquisition of Florida-based Nurse on Call Inc.<\/p>\n

It’s a new game for Emeritus, but it’s a complementary\u00a0one. “As the largest Medicare-licensed home health provider in Florida, Nurse on Call is a great fit for Emeritus Senior Living,” Granger Cobb, CEO of Emeritus, told Commercial Property Executive<\/em>. “Building from the large base of Nurse on Call services currently provided in seniors\u2019 homes, we plan to offer these services to residents in Emeritus’ 44 Florida communities–and to then expand the platform to other states where we have a significant presence.”<\/p>\n

Those services span from assistance for individuals in need, help with basic daily living activities to patients recovering from surgery, all provided by a group of 1,700 skilled nursing, rehabilitation therapy, medical social services staff members.<\/p>\n

With plans to rely on proceeds from the recently announced, $1.8 billion disposition of a portfolio held in a joint venture with Blackstone Real Estate Partners VI, Emeritus will purchase 91 percent of the equity of NOC’s parent company, leaving the remaining stake to certain members of the management team at NOC.<\/p>\n

When all is said and done, Emeritus will have established a very large footprint in the Sunshine State’s home health care industry. Currently, NOC operates from 28 offices spanning 47 counties.<\/p>\n

NOC will not only increase Emeritus’ staff by nearly 2,000 in one fell swoop, it will, Emeritus anticipates, fatten the company’s wallet in short order as the purchase of NOC is expected to be immediately accretive to earnings. The transaction is on target to close before year’s end.<\/p>\n","protected":false},"excerpt":{"rendered":"

Emeritus Corp., the largest provider of assisted living and memory care services in the country, has just made plans to branch out into new territory.<\/p>\n","protected":false},"author":969,"featured_media":1004049486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21754,21742],"tags":[],"class_list":["post-1004049474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-medical-office","category-latest"],"acf":[],"yoast_head":"\nEmeritus to Enter Home Health Care Business with $102M Purchase - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/emeritus-to-enter-home-health-care-business-with-102m-purchase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emeritus to Enter Home Health Care Business with $102M Purchase\" \/>\n<meta property=\"og:description\" content=\"Emeritus Corp., the largest provider of assisted living and memory care services in the country, has just made plans to branch out into new territory.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/emeritus-to-enter-home-health-care-business-with-102m-purchase\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-11-05T15:45:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T18:32:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/Emeritus-Granger-Cobb-CEO.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1944\" \/>\n\t<meta property=\"og:image:height\" content=\"1918\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/emeritus-to-enter-home-health-care-business-with-102m-purchase\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/emeritus-to-enter-home-health-care-business-with-102m-purchase\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"Emeritus to Enter Home Health Care Business with $102M Purchase\",\"datePublished\":\"2012-11-05T15:45:35+00:00\",\"dateModified\":\"2022-12-08T18:32:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/emeritus-to-enter-home-health-care-business-with-102m-purchase\\\/\"},\"wordCount\":323,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/emeritus-to-enter-home-health-care-business-with-102m-purchase\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/11\\\/Emeritus-Granger-Cobb-CEO.jpg\",\"articleSection\":[\"Investment\",\"Medical Office\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/emeritus-to-enter-home-health-care-business-with-102m-purchase\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/emeritus-to-enter-home-health-care-business-with-102m-purchase\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/emeritus-to-enter-home-health-care-business-with-102m-purchase\\\/\",\"name\":\"Emeritus to Enter Home Health Care Business with $102M Purchase - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/emeritus-to-enter-home-health-care-business-with-102m-purchase\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/emeritus-to-enter-home-health-care-business-with-102m-purchase\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/11\\\/Emeritus-Granger-Cobb-CEO.jpg\",\"datePublished\":\"2012-11-05T15:45:35+00:00\",\"dateModified\":\"2022-12-08T18:32:25+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/emeritus-to-enter-home-health-care-business-with-102m-purchase\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/emeritus-to-enter-home-health-care-business-with-102m-purchase\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/emeritus-to-enter-home-health-care-business-with-102m-purchase\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/11\\\/Emeritus-Granger-Cobb-CEO.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/11\\\/Emeritus-Granger-Cobb-CEO.jpg\",\"width\":\"1944\",\"height\":\"1918\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/emeritus-to-enter-home-health-care-business-with-102m-purchase\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Emeritus to Enter Home Health Care Business with $102M Purchase\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\",\"name\":\"Barbra Murray\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"caption\":\"Barbra Murray\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/barbra-murray\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Emeritus to Enter Home Health Care Business with $102M Purchase - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/emeritus-to-enter-home-health-care-business-with-102m-purchase\/","og_locale":"en_US","og_type":"article","og_title":"Emeritus to Enter Home Health Care Business with $102M Purchase","og_description":"Emeritus Corp., the largest provider of assisted living and memory care services in the country, has just made plans to branch out into new territory.","og_url":"https:\/\/www.commercialsearch.com\/news\/emeritus-to-enter-home-health-care-business-with-102m-purchase\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2012-11-05T15:45:35+00:00","article_modified_time":"2022-12-08T18:32:25+00:00","og_image":[{"width":1944,"height":1918,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/Emeritus-Granger-Cobb-CEO.jpg","type":"image\/jpeg"}],"author":"Barbra Murray","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/emeritus-to-enter-home-health-care-business-with-102m-purchase\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/emeritus-to-enter-home-health-care-business-with-102m-purchase\/"},"author":{"name":"Barbra Murray","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"headline":"Emeritus to Enter Home Health Care Business with $102M Purchase","datePublished":"2012-11-05T15:45:35+00:00","dateModified":"2022-12-08T18:32:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/emeritus-to-enter-home-health-care-business-with-102m-purchase\/"},"wordCount":323,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/emeritus-to-enter-home-health-care-business-with-102m-purchase\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/Emeritus-Granger-Cobb-CEO.jpg","articleSection":["Investment","Medical Office","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/emeritus-to-enter-home-health-care-business-with-102m-purchase\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/emeritus-to-enter-home-health-care-business-with-102m-purchase\/","url":"https:\/\/www.commercialsearch.com\/news\/emeritus-to-enter-home-health-care-business-with-102m-purchase\/","name":"Emeritus to Enter Home Health Care Business with $102M Purchase - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/emeritus-to-enter-home-health-care-business-with-102m-purchase\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/emeritus-to-enter-home-health-care-business-with-102m-purchase\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/Emeritus-Granger-Cobb-CEO.jpg","datePublished":"2012-11-05T15:45:35+00:00","dateModified":"2022-12-08T18:32:25+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/emeritus-to-enter-home-health-care-business-with-102m-purchase\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/emeritus-to-enter-home-health-care-business-with-102m-purchase\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/emeritus-to-enter-home-health-care-business-with-102m-purchase\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/Emeritus-Granger-Cobb-CEO.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/Emeritus-Granger-Cobb-CEO.jpg","width":"1944","height":"1918"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/emeritus-to-enter-home-health-care-business-with-102m-purchase\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Emeritus to Enter Home Health Care Business with $102M Purchase"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32","name":"Barbra Murray","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","caption":"Barbra Murray"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/Emeritus-Granger-Cobb-CEO.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004049474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/969"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004049474"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004049474\/revisions"}],"predecessor-version":[{"id":1004628228,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004049474\/revisions\/1004628228"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004049486"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004049474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004049474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004049474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}