About Us

Overview

AmeriCare's executive office is located in Solana Beach, California. The Company owns large assisted living properties in San Marcos, CA and Fallbrook, CA, and a major outpatient medical center in Encinitas, CA. The individual properties are supported with management, marketing and financial services from the Corporate Office. The Company employs nearly 200 personnel and operates over 280 apartments in its assisted living communities and more than 40 medical and dental practices in its medical office buildings. Its real estate assets include more than 300,000 SF of rentable space.

Executive Management Team

David G. Petree - Chairman, President and Chief Executive Officer

Mr. Petree founded AmeriCare Health & Retirement in 1984 and has served as its President, CEO and Chairman since that time. From 1973 until 1984, he was an administrator at the 512-bed Mercy Hospital & Medical Center in San Diego, California. He served as an officer in the Civil Engineer Corp of the United States Navy from 1967 to 1971 with his last duty station at the 2,100-bed U.S. Naval Hospital in San Diego, California. Mr. Petree has been involved with healthcare management, marketing and development since 1969.

Gilles D. Giauffer - Treasurer, Vice President and Chief Financial Officer

Mr. Giauffer joined AmeriCare Health & Retirement in 1989 after representing of one of AmeriCare's major investors. He has served as the Company's Chief Financial Officer since that time. From 1986 to 1989, he was an owner, Vice President and Chief Operating Officer of a Southern California hospital service company. Mr. Giauffer worked as an Executive Director for American Medical International (AMI) hospitals in USA and Europe from 1974 until 1986. Mr. Giauffer has more than 30 years of management and financial experience in the healthcare industry.

Gregory A. Petree - Secretary, Director of Acquisition & Development

Mr. Petree joined AmeriCare Health & Retirement in 2005 and has served as its Director of Acquisitions & Development for medical assets since that time. In 2009, he helped create and found AmeriCare Medical Properties, Inc., a wholly owned subsidiary of AmeriCare Health & Retirement. He now serves as the President and Chief Operating Officer of this new company. Prior to joining Americare, he worked for more than a decade in marketing and advertising for Oracle Corporation, Owners.com, McCann Erickson, and J. Walther Thompson.

Pamela A. Rundle - Director of Marketing & Business Development

Ms. Rundle joined AmeriCare Health & Retirement in 2002 as the Director of Marketing and Business Development Director for the Company's Silvergate Retirement Communities. From 1996 until 2001, she served as a marketing director for Cypress Court, an assisted living community in Escondido California, and as a sales training specialist for the owner, Kisco Senior Living. Prior to that she was a Marketing Director at Rancho Vista assisted living community in Vista, California, a position she held from 1994 to 1996. Ms. Rundle began her career in Marketing in 1991 developing jobs for persons with disabilities until 1994. Prior to working in healthcare, she worked with Hilton and Hyatt Hotels for 8 years.

Management Philosophy

AmeriCare's management philosophy focuses on three essential elements. First, we believe that it is our responsibility to build personal relationships with residents in our assisted living communities and tenants in our medical office buildings to insure that we understand and serve their needs. Second, we believe that it is our responsibility to treat our employees fairly with understanding and consideration for both their professional and personal needs. In return, we seek individual performance that exceeds normal expectations and a commitment of long-term loyalty to the Company. And third, we believe that we must manage and operate our properties and businesses successfully and profitably with a primary focus on delivering quality, innovation and value to the services and products that we offer.

Growth Strategy

AmeriCare is an opportunistic company with an entrepreneurial foundation for growth. The anticipated focus for growth over the next several years will be the acquisition of existing assisted living communities and medical office properties that offer sufficient cash flow returns on invested capital. Although the Company has historically focused on the sole ownership of such properties, the AmeriCare has now expanded its interests to include participating investments in selected assets in which it acts as manager of the property and the ownership entity. The Company is currently looking for opportunities to invest in and manage such real estate assets.