Even skilled nursing industry insiders may not know a whole lot about the investor who recently bought Diversicare Healthcare Services properties – Ephram “Mordy” Lahasky. The private investor doesn’t maintain a corporate website and has “largely avoided reporters for years,” according to a MarketWatch article published Wednesday. MarketWatch spoke with Lahasky for its story; Skilled […]
Skyline Healthcare
Former Skyline Healthcare owner Joseph Schwartz now faces 22 felony charges in New Jersey for allegedly not paying $29.5 million in payroll and unemployment taxes, and benefit plan fraud, while he owned and operated 95 facilities in 11 states. Schwartz was reportedly arrested on Jan. 20 at his home in Rockland County, N.Y., NBC News […]
Former Skyline Healthcare owner Joseph Schwartz on Monday was charged with Medicaid and tax fraud – more than three years after the nursing home chain collapsed. The Arkansas Attorney General’s office charged Schwartz, who lives in Brooklyn, N.Y., with eight counts of Medicaid fraud and two counts of tax fraud – all felonies – according […]
A facility in New Jersey that made national headlines after the New York Times reported on a wave of COVID-19 deaths among its residents has a connection to the defunct Skyline Healthcare nursing home chain — a company whose spectacular collapse spurred calls for greater transparency around nursing home ownership across the country. Louis Schwartz, […]
Formed only last year, a small skilled nursing operator with a presence in the South recently made a significant push into Wisconsin, taking over seven properties out of receivership. When Bedrock Healthcare LLC, founded in part by former nursing home administrator Kenny Nichols, assumed operations of the facilities early last month, the move substantially expanded […]
The swift expansion and equally rapid flameout of one skilled nursing provider left its mark on several states in the form of sudden state takeovers, drawn-out receiverships, and several closures. That company — Skyline Healthcare — may also leave a more lasting legacy in the form of stricter vetting of new operators in multiple states. […]
The long-running Skyline Healthcare saga came to a close in Kansas last week after Mission Health Communities formally took control of 15 properties that it had operated throughout a more than 18-month receivership process. The Tampa, Fla.-based Mission officially became the new operators last Friday, according to an announcement from the Kansas Department for Aging […]
When Mission Healthcare Communities took over 15 distressed skilled nursing facilities in the state of Kansas last year, it leaders didn’t consider turnaround projects as a specific focus of its business. At the time, the Tampa, Fla.-based Mission had one goal for the properties: to stabilize them and get them ready for new ownership. The […]
A new investigation has put Skyline Healthcare back in the national spotlight. An investigative report by NBC News published Friday examined the rise and fall of Skyline Healthcare, the skilled nursing company that collapsed in dramatic fashion over several months. The Wood Ridge, N.J.-based Skyline at its height owned or operated more than 100 skilled […]
The release of a so-called “secret” list of nursing homes considered for inclusion in a program for the nation’s worst properties sent shockwaves through the industry early last month — but the man in charge of the for-profit space’s primary trade group says the sunshine is ultimately a good thing for operators. As the skilled […]
When a skilled nursing provider enters receivership or bankruptcy, the safety and wellbeing of the residents is the top priority for all parties involved. The financial struggles raise questions about the continued provision of necessary care, and the safe transfer of operations becomes paramount. But in many recent SNF bankruptcies, or cases where a SNF […]
A month after the last Skyline Healthcare-operated nursing homes in Massachusetts closed their doors, the state’s attorney general hit the company with multiple citations over unpaid wages and missing payroll documentation. Skyline leaders Joseph and Michael Schwartz failed to pay nearly $65,000 owed to 106 employees in a timely fashion, AG Maura Healey’s office alleged […]
A few weeks after a lender attempted to hold up the transfer of nursing homes formerly operated by Skyline Healthcare in South Dakota to a new permanent provider, a new report reveals that another party has jumped into the fray. Avera, a regional health system based in Sioux Falls, S.D., moved to stop a planned […]
The receiver in charge of the Covington Care and Rehabilitation skilled nursing facility — formerly operated by the troubled Skyline Healthcare chain — in Sioux Falls, S.D., will pursue plans to close the property. “After careful assessment and evaluation, the receiver has made the very difficult decision to propose a plan to close Covington,” Black […]
The final three former Skyline Healthcare nursing homes placed in receivership in Massachusetts have closed. The properties in New Bedford, Fall River, and Dighton, Mass. formally closed Friday, according to a report from the Providence, R.I.-based CBS affiliate WPRI. All of the residents had found new places to receive care, Bedford Village nursing supervisor Grace […]
Several former Skyline Healthcare properties in South Dakota could soon be transferred from a court-appointed receiver to a new permanent operator, but one lender involved in the case is arguing that it won’t get paid if the deal happens. The Aberdeen News first reported the news late last week. Skyline fell apart financially in South […]
Officials in Massachusetts successfully petitioned to have five skilled nursing facilities operated by the troubled Skyline Healthcare placed in temporary receivership. The receivership petition and order appointing the receiver, which the Massachusetts Office of Attorney General provided to Skilled Nursing News, was approved Monday by a Suffolk County Superior Court judge. KCP Advisory Group LLC […]
The slow-motion collapse of the Skyline Healthcare chain of nursing homes continued this week as the troubled operator surrendered its licenses for five buildings in Massachusetts — while another building that had been placed in receivership in Nebraska is set to shut its doors in May. After local news agencies reported that the provider had […]
A handful of nursing homes in Massachusetts held by the owner of the troubled Skyline chain have seen bounced paychecks in recent weeks — and at least one has had so many nurses’ aides leave that an entire floor had to close, The Standard-Times reported. The Bedford Gardens & Rehabilitation Center in New Bedford, Mass., […]
The state of Kansas is set to implement stricter vetting standards for nursing home owners and investors in the wake of several high-profile receivership cases over the past year. Passed with near-unanimous support from the Republican-controlled legislature and the approval of the Democratic governor, the new law will require potential nursing home owners to submit […]
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