11/01/2005
Acquisition Expands Lifeline's Position in Senior Living Market
FRAMINGHAM, Mass. - November 1, 2005 - Lifeline Systems, Inc. (NASDAQ: LIFE),
the leading provider of personal response services in the United States and Canada,
today announced it has acquired in a cash transaction substantially all the assets
of privately held Care Technologies, Inc., of Roswell, Georgia. Care Technologies
is a leading supplier of wireless emergency call systems for senior living communities,
primarily in the southeastern region of the United States.
"Care Technologies represents a good strategic fit with Lifeline's growing senior
living business," said Ron Feinstein, president and chief executive officer of
Lifeline. "In addition to providing high-quality products and services, Care Technologies
has developed a strong, customer-oriented reputation in the market the company
serves."
Lifeline's Senior Living Division provides emergency call systems, integrated
resident safety management, and flexible staff communication equipment to approximately
1,500 assisted and independent living facilities, as well as continuing care retirement
communities, with a total of more than 120,000 residents. Many national senior
living companies, including Sunrise, Atria, Brookdale, and Emeritus, have selected
Lifeline to provide resident safety systems for many of their sites.
"Our senior living initiative is in the early stage of development, and we are
pleased with its progress," said Feinstein. "While the acquisition of Care Technologies
will not have a material impact on Lifeline's business in 2005, we expect that
it will be accretive before the end of 2006."
About Care Technologies
Founded in Atlanta, Georgia, in 1995, Care Technologies, Inc., develops, sells,
and supports resident safety systems for assisted living, dementia, independent
living and continuing care retirement communities, primarily in the Southeast.
The company serves over 300 senior living facilities.
About Lifeline Systems, Inc.
Established in 1974, Lifeline Systems is the leading provider of personal response
services and emergency call systems in the United States and Canada. As of September
30, 2005, the Company supported approximately 453,000 subscribers from its response
centers in Massachusetts, Ontario and Quebec. Lifeline also supplies emergency
response equipment and services to owners and developers of independent and assisted
living and continuing care retirement communities across North America. To people
who live alone or in senior living communities, the Company provides reassurance
and peace of mind with dedicated, well-trained people, advanced technology and
a nationwide support structure designed to achieve service excellence. The Company
is committed to affording its subscribers and residents the dignity, privacy and
respect to which they are entitled. For more information about Lifeline Systems,
visit: www.lifelinesys.com.
Safe Harbor
This news release may contain forward-looking statements relating to the future
performance of Lifeline Systems, Inc. Forward-looking statements, specifically
those concerning Lifeline?s acquisition of Care Technologies, Inc., and the anticipated
expansion of its activities in the senior living market are subject to certain
risks and uncertainties, and actual results may differ materially from expectations.
These risks and uncertainties include the risk that the acquired business will
not perform as anticipated, the risk that the integration of the acquired business
will require more management and other resources than originally planned, and
other risk factors detailed from time to time in the Company's filings with the
Securities and Exchange Commission, including the Company's Annual Report on Form
10-K, Quarterly Reports on Form 10-Q, and other filings and releases.
Contact: Mark Beucler Vice President, Finance, Chief Financial Officer and Treasurer
(508) 988-3200 Email: mbeucler@lifelinesys.com
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