Press Release July 9, 2007

Sherman Named Vice President and Comptroller of Elant

(Goshen, N.Y.) -- Terri R. Sherman was recently appointed vice president and comptroller of the Elant, Inc. long-term care network.

Prior to joining Elant, Ms. Sherman had owned and operated her own consulting firm, Aurora Consulting Services, Ltd. In this capacity, Ms. Sherman provided myriad services to build, strengthen and enhance the financial operations of senior health and housing organizations throughout the country. Her practice areas included: business planning, budgeting, modeling and forecasting, revenue/product line management, expense reduction opportunities and management and board reports.

Ms. Sherman also has provided strategic, operational and financial planning for long-term health care organizations, assisted living facilities, continuing care retirement communities and other senior housing and health organizations. She has managed feasibility studies, overseen performance improvement consultations and assisted in implementing system redesigns and other organizational changes for providers.

Previously, Ms. Sherman worked in the financial field as an accountant and as an auditor in a medical center and major public accounting firms.

Ms. Sherman is a certified public accountant and a candidate in the master’s of public administration program at New York Medical College. She holds a bachelor’s degree in business administration/accounting from Northeastern University.

Ms. Sherman resides in Washingtonville with her husband and their daughter.

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Elant, Inc., a community-based, not-for-profit organization, is a leading provider of services for older adults and chronically ill people of all ages. Elant has grown from a 120-bed nursing home established in 1985, to a comprehensive system of organizations that provide a full range of health and housing services to the mid-Hudson Valley and beyond. On any given day, Elant serves more than 2,500 people through our network of communities, home care agencies and services. Elant's mission is to provide personalized, high quality care and lifestyle options to persons of diverse generations, cultures and needs.