Catchword: sale-manageback
Part of speech:
n. The part of speech reflects that used in the
full entry, and not necessarily the part of speech as it is used in the quotation below.
Quotation: During September 1999, Regent sold to its Chairman and Chief Executive Officer its 108-bed Scottsdale, Arizona community under a sale-manageback arrangement. As a result of the sale, Regent generated approximately $1.2 million of cash available for general working capital requirements.…Regent continues to manage the community pursuant to a long-term agreement.
Article or Document Title:
“Regent Assisted Living, Inc. Announces 1999 Third Quarter Financial”
Article, document, publication, web site:
Business Wire
Dateline:
Portland, Ore.
Date of publication:
Nov. 15, 1999
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