“Thousands of nursing home patients nationwide affected by NJ company’s financial trouble,” by Lindy Washburn, northjersey.com
“A Wood-Ridge-based company that owns or operates more than 100 nursing homes around the country has failed to make payroll in Nebraska and Kansas, leading regulators to take over 36 homes serving thousands of patients. Skyline Health Care, LLC, in Wood-Ridge, owned by Joseph Schwartz, is the parent company for those nursing homes and others in Arkansas, South Dakota, Tennessee, Pennsylvania, Massachusetts, and Florida.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Expect more stories like this. Then you’re losing money on every resident—as is the case for the 3/5 of nursing home patients who rely on Medicaid—you can’t make up for it in volume.