CMS Protests QHC Bankruptcy Plan Will Not Cover $1M Owed to Agency

The sale of bankrupt Iowa-based QHC facilities may be blocked — again — this time by the Centers for Medicare & Medicaid Services (CMS). The federal agency is concerned the deal will not cover $1 million owed to it. Blue Diamond Equities, a New Jersey-based privately owned real estate holdings and management company, proposed to […]

Bankrupt Nursing Home Chain QHC Sold to Cedar Health Group

Long-term care operator QHC Facilities is selling its portfolio, which includes eight SNFs and two assisted living facilities, to Cedar Health Group – just a few months after the company filed for bankruptcy due to “crippling” staffing and retention issues. QHC Management, the company that managed the Iowa facilities, filed for Chapter 11 bankruptcy before […]