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CMS Creston Molly Corp

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Share Name Share Symbol Market Type
Creston Molly Corp TSXV:CMS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Chartwell Comments on U.S. Medicare Funding for Nursing Homes

03/08/2011 7:00pm

Marketwired Canada


Chartwell Seniors Housing Real Estate Investment Trust (TSX:CSH.UN)
("Chartwell") stated today that the recent announcement by the U.S. Centers for
Medicare and Medicaid Services ("CMS") regarding Medicare skilled nursing
facility Prospective Payment System would have no material impact on Chartwell's
cash flows as none of Chartwell's U.S. properties are affected by the announced
funding reductions. 


Chartwell is a real estate investment trust which indirectly owns and operates a
complete range of seniors housing communities, from independent supportive
living through assisted living to longterm care. It is one of the largest
participants in the seniors housing business in North America. Chartwell's aim
is to capitalize on the strong demographic trends present in its markets to
maximize the value of its existing portfolio of seniors housing communities, and
prudently avail itself of opportunities to grow internally and through accretive
acquisitions.


Chartwell's Distribution Reinvestment Plan ("DRIP") allows Unitholders to have
their monthly cash distributions used to purchase units without incurring
commission or brokerage fees, and receive bonus units equal to 3% of their
monthly cash distributions. More information can be obtained at
www.chartwellreit.ca.


Forward-Looking Information

This press release contains forward-looking information that reflects the
current expectations, estimates and projections of management about the future
results, performance, achievements, prospects or opportunities for Chartwell and
the seniors housing industry. The words "plans", "expects", "does not expect",
"is expected", "budget", "scheduled", "estimates", "intends", "anticipates",
"does not anticipate", "projects", "believes" or variations of such words and
phrases or statements to the effect that certain actions, events or results
"may", "will", "could", "would", "might", "occur", "be achieved" or "continue"
and similar expressions identify forward-looking statements. Forward-looking
statements are based upon a number of assumptions and are subject to a number of
known and unknown risks and uncertainties, many of which are beyond our control,
and that could cause actual results to differ materially from those that are
disclosed in or implied by such forward-looking statements. 


While we anticipate that subsequent events and developments may cause our views
to change, we do intend to update this forward-looking information, except as
required by applicable securities laws. This forward-looking information
represents our views as of the date of this press release and such information
should not be relied upon as representing our views as of any date subsequent to
the date of this document. We have attempted to identify important factors that
could cause actual results, performance or achievements to vary from those
current expectations or estimated expressed or implied by the forward-looking
information. However, there may be other factors that cause results, performance
or achievements not to be as expected or estimated and that could cause actual
results, performance or achievements to differ materially from current
expectations. There can be no assurance that forward-looking information will
prove to be accurate, as actual results and future events could differ
materially from those expected or estimated in such statements. Accordingly,
readers should not place undue reliance on forward-looking information. These
factors are not intended to represent a complete list of the factors that could
affect us. See "Risks and Uncertainties" in our 2010 MD&A and risk factors
highlighted in materials filed with the securities regulatory authorities in
Canada from time to time, including but not limited to our most recent annual
information form.


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