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Assisted Living Success Business News
SARASOTA, Fl-Officials at Trace marketing, Inc have announced Jill Grinnell will joining as the director of Trace Executive Search. Grinnell will be responsible for business development and management of recruitment services for executive positions in the senior housing and services industry. She has reportedly worked in the senior housing industry for 10 years; she will additionally serve as a senior consultant for the company. JACKSONVILLE, Fl-Tired of waiting for reasonable liability insurance for their facilities, a group of Florida nursing home operators have created their own insurance company. The Long Term Care Risk Retention Group, which has raised $9 million in capital, was recently granted a permit by the Florida Department of Insurance. Provider Ray Johnson is president of the group. Uni-Ter Underwriting Management Corp., based in Atlanta, will underwrite the company's LTC policies. MCLEAN, Va-Sunrise Assisted Living Inc officials are offering stock to qualified institutional buyers in an attempt to raise $100 million in capital. The private placement of $100 million in convertible subordinated notes that would be due Feb 1., 2009 will consist of common stock. An additional $25 million in notes will be offered for buyers within 30 days of the initial offering. Some information provided by the Senior Housing Wire
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