Aubrey B. Preston will serve as the sole conservator for his father, Life Care Centers of America CEO and founder Forrest Preston, following a swift court decision Tuesday morning. The trial in Bradley County Chancery Court was a short hearing, lasting about 30 minutes, according to sources present. And following statements from attorneys of various […]
Life Care Centers of America
Ahead of this week’s hearing to allow Aubrey B. Preston to serve as a permanent conservator for his father – Life Care Centers of America’s CEO and founder Forrest Preston – the younger Preston stated that his father’s cognitive state is not conducive to running the nursing home giant. The neurological reports, currently under seal, […]
Despite the sector continuing to grapple with staffing shortages, rising operational costs, and regulatory uncertainty, emerging trends have skilled nursing leaders gearing up for a positive 2025, with fewer challenges and more opportunities on the horizon. As we look ahead, several key trends are expected to shape the sector from regulatory shifts to financial turbulence, […]
Aubrey B. Preston has been granted the role of emergency conservator for Forrest Preston, CEO of Tennessee-based nursing home giant Life Care Centers of America. Bradley County Chancery Court Chancellor Jerri Bryant ruled in favor of the conservatorship, which will last 60 days. Aubrey Preston is authorized during this period to take “any and all […]
An emergency petition on Tuesday was filed to expedite the conservatorship action brought by the son of Life Care Centers of America CEO Forrest Preston, as other executive members cited year-end obligations. Preston’s son, Aubrey B. Preston, should be appointed as his conservator on an emergency basis, executives said, due to the critical and time-sensitive […]
The CEO and sole owner of Life Care Centers of America, Forrest Preston, is facing a conservatorship bid from his son, with the suit raising questions about the future of one of the nation’s largest nursing home providers. Preston’s son, Aubrey B. Preston, is seeking a court intervention in the matter, alleging in an Oct. […]
Recently established Journey Healthcare, led by industry veteran and former CEO of Majestic Care Bernie McGuinness, announced the acquisition of four skilled nursing facilities, representing a significant milestone in the company’s growth. Three of the properties are located in West Virginia, and the fourth is in Maryland, bringing Journey’s footprint to 11 communities across four […]
The Ensign Group (Nasdaq: ENSG) is poised to overtake Genesis HealthCare as the largest nursing home operator in the country as it continues to build upon its rapidly growing portfolio, according to ownership data released last week by the Centers for Medicare & Medicaid Services (CMS). Ensign could be the largest skilled nursing provider in […]
The nursing home industry was thrust back into the national spotlight this week as federal lawmakers called out for-profit ownership for their lack of resources during the early months of the pandemic and confounding corporate structures. The Congressional Select Subcommittee on the Coronavirus Crisis, chaired by Rep. James Clyburn, held a hearing on Wednesday to […]
The nursing home industry has been through the wringer over the past 24 months, first with the implementation of a new Medicare payment model, the Patient-Driven Payment Model (PDPM), and then the COVID-19 pandemic. Coming out of the pandemic, operators across the country need to start thinking about their future in the post-acute care continuum. […]
The nation’s top Medicare official took to Twitter to respond to a mainstream news report critical of the federal government’s handling of the first major COVID-19 outbreak at a skilled nursing facility. “60 Minutes” this past Sunday profiled that outbreak — which devastated a Life Care Centers of America facility in the Seattle suburb of […]
A few weeks after announcing a threat to terminate the Medicare and Medicaid eligibility of the nursing home in Kirkland, Wash. that sat at the center of the nation’s first major coronavirus outbreak, the federal government has put a price tag on its enforcement actions: $611,000. The Centers for Medicare & Medicaid Services (CMS) late […]
Life Care Centers of America is tightening coronavirus prevention protocols with a heightened focus on visitor screenings, increased communication, and self-quarantines — as officials report that that 14 of the 17 COVID-19 deaths in Washington were related to its nursing facility in Kirkland, Wash. In the wake of the increased spread of the virus, the […]
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