fs_8k.htm

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT PURSUANT TO SECTION
13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported): December 9, 2008 (December 3, 2008)
 
FIVE STAR QUALITY CARE, INC.
(Exact Name of Registrant as Specified in Its Charter)
 
Maryland
(State or Other Jurisdiction of Incorporation)

 1-16817
  
04-3516029
(Commission File Number)
  
(IRS Employer Identification No.)
     
400 Centre Street, Newton, Massachusetts
  
02458
(Address of Principal Executive Offices)
  
(Zip Code)
 
 
617-796-8387
(Registrant’s Telephone Number, Including Area Code)
 
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 


 
 
 


 
Item 2.01  Completion of Acquisition or Disposition of Assets.
 
On December 3, 2008, Five Star Quality Care, Inc. (the “Company”) purchased seven independent living, assisted living and Alzheimer’s care communities, four of which were located in North Carolina and three in South Carolina, for a purchase price of $44 million.  The seven acquired communities were previously owned and operated by affiliates of Sunwest Management, Inc. and have a total of 601 living units and an average occupancy of 70%.  The Company financed this acquisition with cash on hand and drawings under its recently established UBS AG non-recourse credit facility.
 
 
 
 
 
 
 

 
 
 


 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
FIVE STAR QUALITY CARE, INC.
   
 
By: /s/ Francis R. Murphy III   
 
Name: Francis R. Murphy III
 
Title:   Treasurer and Chief Financial Officer
   

Dated:  December 9, 2008