-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UUKMQwFL9GpkaJX+zRz0oVf9ebNlVKJqE1rasy94T37UhpmCx4c5dCA6i4jyWSGN 5Ot+Np5wBD1hwVYrCuNPnw== 0000892569-98-001830.txt : 19980623 0000892569-98-001830.hdr.sgml : 19980623 ACCESSION NUMBER: 0000892569-98-001830 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19980601 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980622 SROS: AMEX FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARV ASSISTED LIVING INC CENTRAL INDEX KEY: 0000949322 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-NURSING & PERSONAL CARE FACILITIES [8050] IRS NUMBER: 330160968 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-26980 FILM NUMBER: 98651846 BUSINESS ADDRESS: STREET 1: 245 FISCHER AVE STREET 2: SUITE D-1 CITY: COSTA MESA STATE: CA ZIP: 92626 BUSINESS PHONE: 7147517400 MAIL ADDRESS: STREET 1: 245 FISCHER AVENUE STREET 2: SUITE D-1 CITY: COSTA MESA STATE: CA ZIP: 92626 8-K 1 FORM 8-K DATED AS OF JUNE 1, 1998 1 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): June 1, 1998 Commission file number 0-26980 ARV ASSISTED LIVING, INC. (Exact name of Registrant as specified in its charter) DELAWARE 33-0160968 (STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.) 245 FISCHER AVENUE, D-1 COSTA MESA, CA 92626 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE) (ZIP CODE) REGISTRANTS TELEPHONE NUMBER, INCLUDING AREA CODE: (714) 751-7400 2 ITEM 5. OTHER EVENTS Effective June 1, 1998, ARV Assisted Living, Inc. ("the Company") named Douglas M. Pasquale as the President and Chief Operating Officer and effective June 15, 1998, the Company named Patricia J. Gifford, MD as the Chief Medical Officer. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (b) Exhibits Number Exhibit ------ ------- 99.1 Press Release dated June 10, 1997 relating to the appointment of Douglas M. Pasquale as President and Chief Operating Officer. 99.2 Press Release dated June 12, 1997 relating to the appointment of Patricia J. Gifford, MD as Chief Medical Officer. 3 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, thereunto duly authorized. ARV Assisted Living, Inc. By: /s/ Sheila M. Muldoon -------------------------------------------- Sheila M. Muldoon Senior Vice President and General Counsel (Duly authorized officer) Date: June 15, 1998 EX-99.1 2 PRESS RELEASE DATED JUNE 10, 1998 1 EXHIBIT 99.1 FOR FURTHER INFORMATION: Suzanne C. Shirley VP--Investor and Public Relations (714) 751-7400 FOR IMMEDIATE RELEASE ARV ASSISTED LIVING NAMES DOUGLAS M. PASQUALE PRESIDENT AND CHIEF OPERATING OFFICER COSTA MESA, CALIFORNIA, June 10, 1998 - ARV Assisted Living, Inc. [AMEX: SRS] announced today that Douglas M. Pasquale has been named President and Chief Operating Officer, effective June 1. Pasquale, 43, comes to ARV from Richfield Hospitality Services, Inc., and Regal Hotels International-North America, a leading hotel ownership and hotel management company with $800 million in assets and annualized revenues of approximately $350 million. He spent 12 years with the Englewood, Colorado-based company, serving as its president and CEO since 1996. He joined Richfield as a vice president in 1986, was promoted to senior vice president in 1989, and was appointed executive vice president and chief financial officer in 1994. Among his key accomplishments over a two-year period as CEO were achieving an 80% increase in revenues, 90% growth in gross operating profit, and an approximate $25 million improvement in net income. Previously, Pasquale served as chief financial officer for Foxley & Company from 1985 to 1986; head of the real estate management division of Boettcher & Company from 1981 to 1985; assistant tax manager of Anschutz Corporation from 1979 to 1981; and supervising tax senior for KPMG Peat Marwick from 1976 to 1979. All were Denver-based positions. In making the announcement, ARV Chairman and Chief Executive Officer Howard G. Phanstiel said, "We are extremely pleased to have an executive with Doug Pasquale's extensive operational and financial experience in the hotel industry join ARV's senior management team. Doug has proven himself a leader in the hospitality business by creating and implementing a new strategic direction that spurred his previous company to dramatic growth. This expertise makes him particularly well-suited to the fast-growing assisted living industry, and we look forward to the positive contributions he will make to ARV's growth and operating efficiency." Founded in 1980, ARV is one of the nation's largest operators of assisted living communities, operating 61 communities containing 7900 units in 11 states. Three 2 communities comprising 370 units are under construction in California, Florida and Nevada, and the company is also under contract to purchase interests in three additional senior housing communities in California containing approximately 500 units. # # # # # EX-99.2 3 PRESS RELEASE DATED JUNE 12, 1998 1 EXHIBIT 99.2 FOR FURTHER INFORMATION: Suzanne C. Shirley VP--Investor and Public Relations (714) 751-7400 FOR IMMEDIATE RELEASE ARV ASSISTED LIVING NAMES PATRICIA J. GIFFORD, MD TO NEW CHIEF MEDICAL OFFICER POST COSTA MESA, CALIFORNIA, JUNE 12, 1998 - ARV Assisted Living, Inc. (AMEX: SRS) announced today the appointment of Patricia J. Gifford, MD, to the new position of Chief Medical Officer. She is expected to join the company June 15 and will report to ARV Chairman and Chief Executive Officer Howard G. Phanstiel. Dr. Gifford, a geriatrician, most recently served as Medical Director for the Monarch Healthcare medical group in Mission Viejo, California, an independent practice association consisting of 130 primary care physicians managing approximately 100,000 lives in South Orange County. Among her responsibilities in this role were the supervision of quality assurance and utilization review, guidance of the case management process, assisting the clinical pharmacist with the creation and implementation of pharmacy guidelines, and the creation and direction of disease management programs. In creating a subacute service to deliver on site care for patients in skilled nursing facilities, Dr. Gifford reduced length of stay by 20%, resulting in reduced costs and improved patient and family satisfaction. She joined Monarch in 1996 as clinical director, subacute service. Since 1995 Dr. Gifford has also served as Medical Director of Wellness and Geriatrics for 224-bed Saddleback Memorial Medical Center in Laguna Hills, California. In this role she was Medical Director for Coordinated Home Care, a skilled nursing service for both Medicare and managed care patients. This became a part-time position after she joined Monarch Healthcare. Dr. Gifford has also served as Medical Director of Saddleback Home Caregivers, a non-skilled home nursing service for private pay patients. Her other duties at Saddleback included promoting community education and directing outpatient geriatrics and wellness programs. In announcing Dr. Gifford's appointment, Howard Phanstiel said, "One of our key strategies is to differentiate ARV by becoming a more `medically-friendly' company. We want to improve our customers' access to both quality medical and rehabilitation services as well as offer state-of-the-art social models to help our elderly residents live as independently as possible in a retirement community setting. The creation of this new post 2 and the addition of Pat Gifford to our senior management team is a critical step forward in this process for ARV." Dr. Gifford will be responsible for overseeing ARV's quality assurance, coordinating its recently announced joint ventures with Omnicare and Novacare, and for developing new ARV relationships with the medical community which will enhance ARV's products and services. Previously, Dr. Gifford served part-time as Medical Director of the Freedom Village Continuing Care Residential Community in Lake Forest from 1995 to 1997. Prior to moving to Orange County she was Clinical Director of Geriatrics from 1990 to 1995 at Huntington Memorial Hospital in Pasadena, a 400-bed not-for-profit teaching hospital affiliated with the USC School of Medicine. Simultaneously she held a part-time post as Medical Director of the Villa Gardens Continuing Care Residential Community and was a clinical instructor at the Huntington Extended Care Center, both in Pasadena. Dr. Gifford, 50, was an internist in private practice from 1982 to 1988 in Los Angeles, with hospital privileges at The Hospital of the Good Samaritan. She earned her BA from Antioch College in Yellow Springs, Ohio, and her MD from the University of Southern California. She completed her internship and residency in internal medicine at Good Samaritan, and a fellowship in geriatrics at USC Medical Center. Dr. Gifford is Certified by the American Board of Internal Medicine in Geriatric Medicine and Internal Medicine, and by the American Medical Directors Association. She is an affiliate of the American College of Physician Executives, the American Geriatrics Society, the American Medical Directors Association, and a Board Member of the South County Senior Services, Inc. Dr. Gifford currently is a resident of Laguna Niguel, California. Founded in 1980, ARV is one of the nation's largest operators of assisted living communities, operating 61 communities containing 7900 units in 11 states. Three communities comprising 370 units are under construction in California, Florida and Nevada, and the company is also under contract to purchase interests in three additional senior housing communities in California containing approximately 500 units. # # # # # -----END PRIVACY-ENHANCED MESSAGE-----