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Kisco to Acquire Senior Living Community in San Antonio

CARLSBAD, Calif., May 10, 2010 (BUSINESS WIRE) -- KSL Texas Communities SA LLC, an affiliate of national owner and operator Kisco Senior Living, has entered into a definitive agreement to purchase Villa de San Antonio, a senior living community located at 8103 North Hollow in San Antonio Texas. The Villa community has 138 independent living apartments, 55 assisted living apartments and 24 cottage homes. Kisco anticipates a final closing date in June.

Family-owned Kisco Senior Living, based in Carlsbad California, currently owns and operates 18 senior communities in five states offering both independent and assisted living. With an award-winning approach to senior living and their signature The Art of Living Well(SM) culture, Kisco creates communities where residents and employees share passions, live and work in balance and leave a legacy. For over 20 years, Kisco's guiding principles of integrity, dignity and compassion have balanced the interests of residents, associates and business partners. At present, this includes over 2600 residents and their families and approximately 1400 associates.

" I am very pleased with this opportunity as Kisco has targeted Texas as an area for growth. We cherish the uniqueness of each of our Kisco communities and the contributions they make to a great place to live for our residents and a great place to work for our associates," explained Andy Kohlberg, President and Founder of Kisco Senior Living.

For more information about the company, log on to www.KiscoSeniorLiving.com. For further information about Kisco and Villa De San Antonio, contact Robin Craig at 760-804-5900.

SOURCE: Kisco Senior Living CONTACT: Kisco Senior Living Robin Craig, 760-804-5900, rcraig@kiscosl.com Copyright Business Wire 2010 -0- KEYWORD: United States

North America

North Carolina

Texas INDUSTRY KEYWORD: Seniors

Health

Hospitals

Construction & Property

Commercial Building & Real Estate

Consumer

General Health

Managed Care SUBJECT CODE: Merger/Acquisition