Wednesday, July 25, 2007

Sunrise weighs sale of senior-living chain

(Reuters) - CHICAGO, July 25 - Sunrise Senior Living Inc , the biggest U.S. owner of assisted living facilities for seniors, said on Wednesday its board is weighing strategic alternatives, including a possible sale of the troubled chain.



Sunrise, which has been under investigation by U.S. regulators and is in the midst of restating its earnings for 2003 to 2005, said its committee of nonmanagement directors has chosen Citigroup Global Markets as a financial adviser.


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