Exhibit 99.2
CAREMATRIX CORPORATION ANNOUNCES THE RESIGNATION OF
ABRAHAM D. GOSMAN, CHAIRMAN AND CEO
Needham, MA, November 9, 2000 - CareMatrix Corporation (NASDAQ:CMDC), a
fully integrated assisted living company, today announced the resignation of
Abraham D. Gosman, 71, as Chairman and a member of the board of directors and as
Chief Executive Officer, effective immediately. Mr. Gosman, with over
thirty-five years experience in the health care industry, became the Company's
Chief Executive Officer on April 15, 1999 to assist in the sale of certain of
the Company's assets. Because Mr. Gosman has completed his goal, he has resigned
to pursue other activities. CareMatrix has initiated a search for his
replacement.
CareMatrix announced today the resignation of Andrew D. Gosman, 34, as
Vice Chairman and a member of the board of directors, effective immediately. Mr.
Gosman is a past President of CareMatrix and served on its board since October
1996 and as Vice Chairman from October 1996 through August 1997 and since April
8, 1999. Mr. Gosman resigned to pursue other activities.
CareMatrix announced today that Michael M. Gosman, 37, has resigned as a
member of the board of directors, effective immediately. Mr. Gosman served as a
director of the Company since October 1996 and as its Vice Chairman from August
1997 until April 8, 1999. Mr. Gosman resigned to pursue other activities.
CareMatrix Corporation is a leading provider of senior housing services
including assisted living, supportive independent living and specialized
programs for people with Alzheimer's disease.
EDITOR'S NOTE: This release is available on the Internet at
http://www.carematrix.com.
CONTACT: Elizabeth Derrico
(781) 433-1137
