Thirty-three Preferred Care Group-affiliated nursing homes filed for bankruptcy on Monday, citing costly ongoing negligence and personal injury litigation against the provider.
On the heels of a Florida court decision that puts a nursing home unlikely to emerge unscathed from bankruptcy, a federal appeals court has ruled former officers and directors of a different nursing home are still liable for $2.25 million in compensatory damages.
Court: Residents' 'immediate jeopardy' outweighs bankruptcy considerations, so provider license may be revoked after allJanuary 28, 2015
Florida's Agency for Health Care Administration can continue to try to revoke a nursing home's operating license, despite the facility declaring bankruptcy, a federal bankruptcy court has ruled.
Former nursing home executive convicted of embezzlement agrees to $1.2 million settlement in bankruptcy courtNovember 05, 2013
A nursing home executive convicted of embezzling millions of dollars from publicly financed facilities has agreed to pay $1.2 million to the federal government to settle claims, through a deal worked out in U.S. Bankruptcy Court.
Our facility is encountering financial difficulties. What do we need to keep in mind about the legal implications of defaults under our loan documents and negotiating with our lender?
Every product or community goes through a life cycle that includes these stages: Development, Growth, Maturity, Saturation and Death. At Maturity, a product/community begins to become irrelevant, outdated and no longer competitive due to changing consumer demands.
The five Connecticut nursing homes involved in a high-profile workers strike filed for Chapter 11 bankruptcy Monday, citing monthly losses from contracts with union workers.
Sunrise Senior Living turnaround chief plots new course as company and its acquirer record positive 3rd quarter resultsNovember 12, 2012
Mark Ordan, the CEO who has directed Sunrise Senior Living's recovery from near bankruptcy in 2009, will remain as CEO of the company for up to a year after the close of the company's sale to Health Care REIT.
Former Speaker of the House Newt Gingrich (R-GA) announced Monday on Facebook and Twitter that he is running for president in 2012 as a Republican, challenging President Barack Obama. This makes him the most recognizable Republican to officially enter the race.