Tag Archive: corporate

Corporations take assets from bankrupt nursing homes

Interesting article from the Courant.com about a deal to sell the bankrupt Haven Healthcare nursing-home chain.  Attorney General Richard Blumenthal said that Formation Capital, which owns Genesis HealthCare, notified the state that it was pulling out of an $85 million deal to take over 14 of Haven’s homes in Connecticut and 10 in other New England states,

Reasonable proposal to prevent neglect

Connecticut Attorney General Richard Blumenthal wrote an editorial about the nursing home industry.  We have included it below. Recent revelations of shameless self-dealing, massive mismanagement and substandard care at one of the state’s largest nursing home chains, Haven Healthcare, have rightly shocked the public. Haven, which operates 15 nursing homes in the state, received tens

Review of nursing home fines in Iowa

Clark Kauffman, staff writer for DesMoines Register wrote the following review of recent nursing home fines in Iowa. Clearview Home, Mount Ayr: A nurse aide was improperly transferring a resident who had a long-standing, serious head injury when the two lost their balance and the resident fell face-first to the floor. The resident was treated at a

Nursing home executives indicted for tax evasion

The indictment alleges that the men ran about 70 nursing homes in Texas and other states and were responsible for a $200 million operation but hid their control of the facilities. Payroll companies: More than 150 sham payroll companies were created to avoid paying taxes, according to the indictment. A former Hurst nursing home executive

CEO’s exorbitant salaries hinder proper staffing

I was sent this great editorial regarding how much staff could be hired if CEOs were compensated reasonably instead of exorbitantly like Manor Care’s CEO Paul Ormond. SNF CEO’S WINDFALL COULD HAVE PROVIDED MORE STAFF AND SERVICES To the Editor: Reports that Manor Care’s CEO Paul Ormond would personally realize between $118 and $186 million


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