U.S. 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):  MAY 8, 2003

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

           WASHINGTON                1-14012                   91-1605464
(State or other jurisdiction)  (Commission File Number)      (IRS Employer
      of incorporation)                                    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  9.  REGULATION  FD  DISCLOSURE

The  information  contained in this Item 9 of this Current Report on Form 8-K is
being  furnished  pursuant  to  "Item  12.  Results  of Operations and Financial
Condition"  in accordance with SEC Release No.  33-8216.  All information in the
press  release  is  furnished  but  not  filed.

On May 8, 2003, the Registrant issued a press release entitled "EMERITUS REPORTS
$1  MILLION  IMPROVEMENT  FOR  FIRST  QUARTER  RESULTS".  This  press release is
attached  as  exhibit  99.2.3  to the Registrant's quarterly report on Form 10-Q
that  was  filed with the United State Securities and Exchange Commission on May
9,  2003.

In  the  press  release,  the Registrant disclosed information related to income
statement  cash  flows.  Management believes that this information is useful for
investors  because  it is an easily understood, simple, and widely-used estimate
of  the  financial  measure  "Net  cash  provided  by operating activities."  In
addition, management believes that the income statement cash flows for the first
quarter  are  more reflective of the estimated yearly cash provided by (used in)
operating  activities,  when  viewed  on  a quarter-by-quarter basis, due to the
relatively  large sums invested in prepaid general, professional, liability, and
workers' compensation insurance as of March 31, 2003, which will be amortized to
expense  over  the  remainder  of  the  year.

The  table  below  shows  the  reconciliation  between  the Net cash provided by
operating  activities  for  the  quarter  ended  March 31, 2003, as shown in the
Condensed  Consolidated  Statements of Cash Flows and the "income statement cash
flows"  referred  to  in  the  press  release:

<TABLE>
<CAPTION>
<S>                                                <C>
Net cash provided by operating activities . . . .  $  228

Add:  Changes in operating assets and liabilities   1,176
      Amortization of deferred gains . . . . . .       99

Deduct:
Minority interests. . . . . . . . . . . . . . . .     (50)
                                                   -------
Income statement cash flow. . . . . . . . . . . .  $1,453
                                                   =======
</TABLE>

                                        2
<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:  May  12,  2003


                                        3
<PAGE>
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{"company-data": {"conformed-name": "EMERITUS CORP\\WA\\", "cik": "0001001604", "assigned-sic": "8050", "irs-number": "911605464", "state-of-incorporation": "WA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-14012", "film-number": "03692383"}, "business-address": {"street1": "3131 ELLIOTT AVENUE", "street2": "SUITE 500", "city": "SEATTLE", "state": "WA", "zip": "98121", "phone": "2062982909"}, "mail-address": {"street1": "3131 ELLIOTT AVE STE 500", "city": "SEATTLE", "state": "WA", "zip": "98121"}}
U.S. 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):  MAY 8, 2003

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

           WASHINGTON                1-14012                   91-1605464
(State or other jurisdiction)  (Commission File Number)      (IRS Employer
      of incorporation)                                    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  9.  REGULATION  FD  DISCLOSURE

The  information  contained in this Item 9 of this Current Report on Form 8-K is
being  furnished  pursuant  to  "Item  12.  Results  of Operations and Financial
Condition"  in accordance with SEC Release No.  33-8216.  All information in the
press  release  is  furnished  but  not  filed.

On May 8, 2003, the Registrant issued a press release entitled "EMERITUS REPORTS
$1  MILLION  IMPROVEMENT  FOR  FIRST  QUARTER  RESULTS".  This  press release is
attached  as  exhibit  99.2.3  to the Registrant's quarterly report on Form 10-Q
that  was  filed with the United State Securities and Exchange Commission on May
9,  2003.

In  the  press  release,  the Registrant disclosed information related to income
statement  cash  flows.  Management believes that this information is useful for
investors  because  it is an easily understood, simple, and widely-used estimate
of  the  financial  measure  "Net  cash  provided  by operating activities."  In
addition, management believes that the income statement cash flows for the first
quarter  are  more reflective of the estimated yearly cash provided by (used in)
operating  activities,  when  viewed  on  a quarter-by-quarter basis, due to the
relatively  large sums invested in prepaid general, professional, liability, and
workers' compensation insurance as of March 31, 2003, which will be amortized to
expense  over  the  remainder  of  the  year.

The  table  below  shows  the  reconciliation  between  the Net cash provided by
operating  activities  for  the  quarter  ended  March 31, 2003, as shown in the
Condensed  Consolidated  Statements of Cash Flows and the "income statement cash
flows"  referred  to  in  the  press  release:
Net cash provided by operating activities . . . .  $  228

Add:  Changes in operating assets and liabilities   1,176
      Amortization of deferred gains . . . . . .       99

Deduct:
Minority interests. . . . . . . . . . . . . . . .     (50)
                                                   -------
Income statement cash flow. . . . . . . . . . . .  $1,453
                                                   =======
2
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:  May  12,  2003

                                        3