News Report | December 16, 2018
New York Officials Call For Greater Scrutiny Of Non-Profit Nursing Home Sales
On November 6, 2018, officials in the state of New York produced a call for greater scrutiny of non-profit nursing home sales. The call comes in response to guidance release by the New York Charities Bureau, of the New York Attorney General's Office, that governs the sale of non-profit nursing homes to for-profit entities. This guidance, "New York AG Charities Bureau: The Sale Of Nonprofit Nursing Homes Pursuant To The Not-For-Profit Corporation Law," expressed concerns that the sales often fail to benefit nursing home residents.
Officials on the bureau say they’ve seen an . . .