LaVie Care Centers, which filed for Chapter 11 bankruptcy with nearly $1.2 billion in debt this week, is also at the center of a lawsuit that claims the company shifted ownership of some of its facilities in Florida to avoid payment on previous dispute settlements. The Atlanta-based company denies these claims, and its court filing […]
lavie care centers
Nursing home closures and bankruptcies continue among many states, putting pressure on existing nursing homes to take on extra residents even as the workforce shortage persists and challenging staffing requirements are on the horizon. The latest closure in Pennsylvania led to the evacuation of Mountain View Care and Rehabilitation Center residents on Friday, relocated to […]
Omega Healthcare Investors Inc. (NYSE: OHI) on Monday announced some transaction and rent deferral updates regarding two skilled nursing operators, one in the U.S. and one in the U.K. The Maryland-based real estate investment trust (REIT) said it sold 11 of its LaVie Care Center properties to an unnamed third party for $129.8 million, also […]
Florida nursing home giant Consulate Health Care will pay $4.5 million of a $258 million judgment in a settlement with the Department of Justice that was formally approved by a U.S. Bankruptcy judge this week. The deal, finalized on Wednesday, emanates from a decision by the 11th U.S. Circuit Court of Appeals in Florida to […]
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