#Latest news with #FocusHealthcarePartnersBloomberg20-02-2025BusinessBloombergResidents of Bankrupt NY Senior Home Face Big Losses in Private Equity DealBy and Jonathan Randles Save Residents owed $130 million after their senior living community went bankrupt are poised to suffer big losses but won't be left empty-handed under a sale agreement approved by a New York federal court. Current and former residents of The Harborside, a 329-unit continuing-care retirement community in Port Washington on Long Island's North Shore, are anticipated to receive an initial $6 million distribution after a sale of the facility for $86 million to Chicago-based private equity firm Focus Healthcare Partners, according to a plan approved by a bankruptcy court on Thursday.
Bloomberg20-02-2025BusinessBloombergResidents of Bankrupt NY Senior Home Face Big Losses in Private Equity DealBy and Jonathan Randles Save Residents owed $130 million after their senior living community went bankrupt are poised to suffer big losses but won't be left empty-handed under a sale agreement approved by a New York federal court. Current and former residents of The Harborside, a 329-unit continuing-care retirement community in Port Washington on Long Island's North Shore, are anticipated to receive an initial $6 million distribution after a sale of the facility for $86 million to Chicago-based private equity firm Focus Healthcare Partners, according to a plan approved by a bankruptcy court on Thursday.
20-02-2025
