CareMatrix Corporation and Chancellor Senior Housing Group Agree to SellUp to 14 Facilities for $26 Million and Debt

May 15, 2000 CareMatrix Corporation and Chancellor Senior Housing Group Agree to Sell Up to 14 Facilities for $26 Million and Debt CareMatrix Corporation and certain affiliates of Chancellor Senior Housing Group, Inc. have entered into an agreement with an undisclosed third party to sell up to 14 of their facilities for an aggregate price of up to $26 million plus the assumption or extinguishment of approximately $200 million of Chancellor's debt relating to the facilities. The allocation of the purchase price between CareMatrix and the Chancellor entities has yet to be determined. The facilities being sold will be . . .