SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549
                                  ____________
                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

      Date of report (Date of earliest event reported):  April 1, 2004

                              EMERITUS CORPORATION
               (Exact name of registrant as specified in charter)

           WASHINGTON               1-14012              91-1605464
    (State or other jurisdiction  (Commission         (IRS Employer
          of incorporation)       File Number)     Identification No.)


                              Raymond R. Brandstrom
        Vice President of Finance, Chief Financial Officer, and Secretary
                              Emeritus Corporation
                         3131 Elliott Avenue, Suite 500
                            Seattle, Washington 98121
               (Address of principal executive offices) (Zip Code)

                                 (206) 298-2909
              (Registrant's telephone number, including area code)

<PAGE>



ITEM 2.      ACQUISITION OR DISPOSITION OF ASSETS

CPM-JEA  TRANSACTIONS

On  April  1,  2004,  the  Company  completed  the first stage of its previously
announced  proposed  lease acquisition of up to 24 assisted living facilities in
13  states,  including  up  to  10  stand-alone dementia care facilities, for an
approximate  $187 million investment financed by a real estate investment trust.
Fourteen of the communities, of which the Company managed 13 in 2003, were owned
by  partnerships that Daniel R. Baty, the Company's Chairman and Chief Executive
Officer,  controls  and  in  which he has financial interests ("Baty Entities").
The  completed  first  stage  involved 17 of the 24 senior housing and long-term
care  properties  for  a  total  investment  of  about  $136 million.  Of the 17
communities  that  closed  on  April  1,  2004, nine communities were previously
managed  in  2003  and  were  controlled  by  the  Baty  Entities, and eight are
stand-alone  dementia  care facilities.  Of the up to $51 million balance of the
transaction,  at  least  $37.2  million  is  expected to close during the second
quarter  of  2004,  subject to customary closing conditions.  The facilities are
under  a  master  lease  with a 15-year term, with three 5-year renewal options.
The  initial  lease  rate  is 9% with consumer price index based inflators.  The
initial  lease  payment  is expected to be approximately $1.0 million per month.



ITEM 7.      FINANCIAL STATEMENTS AND EXHIBITS

(a)     Financial Statements of business acquired
The  required financial statements for the acquired business are not included in
this  Report at this time. The Registrant will file such financial statements by
amendment  within  sixty days after the date on which this Report is required to
be  filed.

(b)     Pro forma financial information
The  required  pro forma financial information is not included in this Report at
this  time.  The  Registrant  will  file such pro forma financial information by
amendment  within  sixty days after the date on which this Report is required to
be  filed.

(c)     Exhibits:

<TABLE>
<CAPTION>

                                                                                                                Footnote
  Number                 Description                                                                             Number


<C>      <S>                                                                                                          <C>
  10.79    LOYALTON OF FOLSOM, CALIFORNIA, THE LAKES, FLORIDA, CANTERBURY WOODS, MASSACHUSETTS, BECKETT MEADOWS,
           TEXAS, CREEKSIDE, TEXAS, OAK HOLLOW, TEXAS, PINEHURST, TEXAS, STONEBRIDGE, TEXAS, DESERT SPRINGS, TEXAS,
           AUSTIN GARDENS, CALIFORNIA, KINGSLEY PLACE SHREVEPORT, LOUISIANA, SILVERLEAF MANOR, MISSIPPIPPI,
           PINE MEADOW, MISSIPPIPPI, PINES OF GOLDSBORO, NORTH CAROLINA, LOYALTON OF ROCKFORD, ILLINOIS,
           AND CHARLESTON GARDENS, WEST VIRGINIA. THE FOLLOWING AGREEMENTS ARE REPRESENTATIVE OF THOSE EXECUTED
           IN CONNECTION WITH THESE PROPERTIES:

10.79.1    Purchase and Sale Agreement ("Agreement") by and between Lodi Care Group LLC, Aurora Bay/Columbus,
           L.L.C., Aurora Bay/Hattiesburg, L.L.C., Spring Creek Group, Ltd., Bedford Care Group, Ltd.,
           Tyler Group, Ltd., White Rock Care Group, Ltd., El Paso Care Group, Ltd., and Lubbock Group, Ltd.,
           (each of the foregoing individually, a "Seller" and collectively, "Sellers") and Emeritus Corporation,
           "Purchaser") and Aurora Bay Investments, LLC, ("ABI"),  and JCI, LLC, ("JCI" and together with ABI,
           the "Guarantors") dated March, 30, 2004 (the "Execution Date").                                            (1)

10.79.2    Purchase and Sale Agreement ("Agreement") by and among (i) THE LAKES ASSISTED LIVING, LLC,
           SACRAMENTO COUNTY ASSISTED LLC, ROCKFORD RETIREMENT RESIDENCE, LLC, HB-ESC I,
           LLC, CANTERBURY WOODS ASSISTED LIVING, LLC, AUTUMN RIDGE HERCULANEUM, L.L.C.,
           MERIDIAN ASSISTED, L.L.C., GOLDSBORO ASSISTED, L.L.C., CAPE MAY ASSISTED LIVING, LLC,
           TRAVIS COUNTY ASSISTED LIVING LP, RICHLAND ASSISTED, L.L.C., SILVER LAKE ASSISTED
           LIVING LLC, CHARLESTON ASSISTED LIVING, LLC,  and JOLIET ASSISTED L.L.C., (each of the
           foregoing individually, a "Seller" and collectively, the "Sellers") and (ii) EMERITUS CORPORATION,
           ("Purchaser") dated March, 31, 2004 (the "Execution Date").                                                (1)

10.79.3    Master Lease agreement between NHP SENIOR HOUSING, INC., ("Landlord"), and EMERITUS
           CORPORATION, ("Tenant"), dated March 31, 2004 to be effective as of April 1, 2004
           (the "Effective Date").                                                                                    (1)

10.79.4    Master Lease among the Entities Listed on Schedule 1A (collectively, "Landlord"), and the Entities Listed
           on Schedule 1B (collectively, "Tenant"), for the respective real properties and improvements thereon
           (each a "Facility" and collectively, the "Facilities"), dated March 31, 2004, to be effective as of
           April 1, 2004 (the "Effective Date").                                                                      (1)

10.79.5    NOMINATION AGREEMENT ("Agreement") made as of March 31, 2004, by and between
           NATIONWIDE HEALTH PROPERTIES, INC., ("NHP"), and EMERITUS CORPORATION,  ("Emeritus").                      (1)

10.79.6    NOMINATION AGREEMENT ("Agreement") made as of March 31, 2004, by and between
           NATIONWIDE HEALTH PROPERTIES, INC., ("NHP"), and EMERITUS CORPORATION, ("Emeritus").                       (1)

   99.1    Press Releases

 99.1.1    Press Release dated March 29, 2004, reporting intent to acquire nine memory loss facilities.               (1)
 99.1.2    Press Release dated March 29, 2004, reporting intent to acquire managed facilities.                        (1)
</TABLE>

------------

(1)     Filed  herewith


                                        1
<PAGE>
                                    SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
EMERITUS CORPORATION

                  By:     /s/ Raymond R. Brandstrom
                          -------------------------
                          Raymond R. Brandstrom
                          Vice President of Finance,
                          Chief Financial Officer, and Secretary


                          Dated:  April 12, 2004


                                        2
<PAGE>
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SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549
                                  ____________
                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

      Date of report (Date of earliest event reported):  April 1, 2004

                              EMERITUS CORPORATION
               (Exact name of registrant as specified in charter)

           WASHINGTON               1-14012              91-1605464
    (State or other jurisdiction  (Commission         (IRS Employer
          of incorporation)       File Number)     Identification No.)

                              Raymond R. Brandstrom
        Vice President of Finance, Chief Financial Officer, and Secretary
                              Emeritus Corporation
                         3131 Elliott Avenue, Suite 500
                            Seattle, Washington 98121
               (Address of principal executive offices) (Zip Code)

                                 (206) 298-2909
              (Registrant's telephone number, including area code)
ITEM 2.      ACQUISITION OR DISPOSITION OF ASSETS

CPM-JEA  TRANSACTIONS

On  April  1,  2004,  the  Company  completed  the first stage of its previously
announced  proposed  lease acquisition of up to 24 assisted living facilities in
13  states,  including  up  to  10  stand-alone dementia care facilities, for an
approximate  $187 million investment financed by a real estate investment trust.
Fourteen of the communities, of which the Company managed 13 in 2003, were owned
by  partnerships that Daniel R. Baty, the Company's Chairman and Chief Executive
Officer,  controls  and  in  which he has financial interests ("Baty Entities").
The  completed  first  stage  involved 17 of the 24 senior housing and long-term
care  properties  for  a  total  investment  of  about  $136 million.  Of the 17
communities  that  closed  on  April  1,  2004, nine communities were previously
managed  in  2003  and  were  controlled  by  the  Baty  Entities, and eight are
stand-alone  dementia  care facilities.  Of the up to $51 million balance of the
transaction,  at  least  $37.2  million  is  expected to close during the second
quarter  of  2004,  subject to customary closing conditions.  The facilities are
under  a  master  lease  with a 15-year term, with three 5-year renewal options.
The  initial  lease  rate  is 9% with consumer price index based inflators.  The
initial  lease  payment  is expected to be approximately $1.0 million per month.

ITEM 7.      FINANCIAL STATEMENTS AND EXHIBITS

(a)     Financial Statements of business acquired
The  required financial statements for the acquired business are not included in
this  Report at this time. The Registrant will file such financial statements by
amendment  within  sixty days after the date on which this Report is required to
be  filed.

(b)     Pro forma financial information
The  required  pro forma financial information is not included in this Report at
this  time.  The  Registrant  will  file such pro forma financial information by
amendment  within  sixty days after the date on which this Report is required to
be  filed.

(c)     Exhibits:
Footnote
  Number                 Description                                                                             Number
10.79    LOYALTON OF FOLSOM, CALIFORNIA, THE LAKES, FLORIDA, CANTERBURY WOODS, MASSACHUSETTS, BECKETT MEADOWS,
           TEXAS, CREEKSIDE, TEXAS, OAK HOLLOW, TEXAS, PINEHURST, TEXAS, STONEBRIDGE, TEXAS, DESERT SPRINGS, TEXAS,
           AUSTIN GARDENS, CALIFORNIA, KINGSLEY PLACE SHREVEPORT, LOUISIANA, SILVERLEAF MANOR, MISSIPPIPPI,
           PINE MEADOW, MISSIPPIPPI, PINES OF GOLDSBORO, NORTH CAROLINA, LOYALTON OF ROCKFORD, ILLINOIS,
           AND CHARLESTON GARDENS, WEST VIRGINIA. THE FOLLOWING AGREEMENTS ARE REPRESENTATIVE OF THOSE EXECUTED
           IN CONNECTION WITH THESE PROPERTIES:

10.79.1    Purchase and Sale Agreement ("Agreement") by and between Lodi Care Group LLC, Aurora Bay/Columbus,
           L.L.C., Aurora Bay/Hattiesburg, L.L.C., Spring Creek Group, Ltd., Bedford Care Group, Ltd.,
           Tyler Group, Ltd., White Rock Care Group, Ltd., El Paso Care Group, Ltd., and Lubbock Group, Ltd.,
           (each of the foregoing individually, a "Seller" and collectively, "Sellers") and Emeritus Corporation,
           "Purchaser") and Aurora Bay Investments, LLC, ("ABI"),  and JCI, LLC, ("JCI" and together with ABI,
           the "Guarantors") dated March, 30, 2004 (the "Execution Date").                                            (1)

10.79.2    Purchase and Sale Agreement ("Agreement") by and among (i) THE LAKES ASSISTED LIVING, LLC,
           SACRAMENTO COUNTY ASSISTED LLC, ROCKFORD RETIREMENT RESIDENCE, LLC, HB-ESC I,
           LLC, CANTERBURY WOODS ASSISTED LIVING, LLC, AUTUMN RIDGE HERCULANEUM, L.L.C.,
           MERIDIAN ASSISTED, L.L.C., GOLDSBORO ASSISTED, L.L.C., CAPE MAY ASSISTED LIVING, LLC,
           TRAVIS COUNTY ASSISTED LIVING LP, RICHLAND ASSISTED, L.L.C., SILVER LAKE ASSISTED
           LIVING LLC, CHARLESTON ASSISTED LIVING, LLC,  and JOLIET ASSISTED L.L.C., (each of the
           foregoing individually, a "Seller" and collectively, the "Sellers") and (ii) EMERITUS CORPORATION,
           ("Purchaser") dated March, 31, 2004 (the "Execution Date").                                                (1)

10.79.3    Master Lease agreement between NHP SENIOR HOUSING, INC., ("Landlord"), and EMERITUS
           CORPORATION, ("Tenant"), dated March 31, 2004 to be effective as of April 1, 2004
           (the "Effective Date").                                                                                    (1)

10.79.4    Master Lease among the Entities Listed on Schedule 1A (collectively, "Landlord"), and the Entities Listed
           on Schedule 1B (collectively, "Tenant"), for the respective real properties and improvements thereon
           (each a "Facility" and collectively, the "Facilities"), dated March 31, 2004, to be effective as of
           April 1, 2004 (the "Effective Date").                                                                      (1)

10.79.5    NOMINATION AGREEMENT ("Agreement") made as of March 31, 2004, by and between
           NATIONWIDE HEALTH PROPERTIES, INC., ("NHP"), and EMERITUS CORPORATION,  ("Emeritus").                      (1)

10.79.6    NOMINATION AGREEMENT ("Agreement") made as of March 31, 2004, by and between
           NATIONWIDE HEALTH PROPERTIES, INC., ("NHP"), and EMERITUS CORPORATION, ("Emeritus").                       (1)

   99.1    Press Releases

 99.1.1    Press Release dated March 29, 2004, reporting intent to acquire nine memory loss facilities.               (1)
 99.1.2    Press Release dated March 29, 2004, reporting intent to acquire managed facilities.                        (1)
------------

(1)     Filed  herewith

                                        1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
EMERITUS CORPORATION

                  By:     /s/ Raymond R. Brandstrom
                          -------------------------
                          Raymond R. Brandstrom
                          Vice President of Finance,
                          Chief Financial Officer, and Secretary

                          Dated:  April 12, 2004

                                        2