Lifehouse Retirement Properties (LHRP)

[Zorro]

LOS ANGELES, March 6 /PRNewswire-FirstCall/ -- LifeHouse Retirement Properties, Inc. (Pink Sheets: LHRP.PK) is pleased to announce it closed on the purchase of its third Skilled Nursing Community, located in San Jose California, on March 5, 2007. Pro forma for the acquisition, LHRP's revenue will increase over 36.4% from $34.1 million to $46.5 million on a combined basis, for the twelve month period through December 31, 2006. Pro forma for the acquisition, consolidated EBITDA through December 31, 2006, was 7.1 million, calculated based on trailing twelve month basis through
http://www.encyclopedia.com/doc/1G1-160161370.html