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Continuing care retirement communities can charge steep entrance fees, but are supposed to provide lifelong care. ... the CCRCs that have filed for bankruptcy represent a small fraction of the ...
Continuing-care retirement communities are attractive for seniors who find themselves living in increasing social isolation as they age, [8] who would like to be immersed in a hospitable environment with other people of similar age [9] [10] and would like to plan for their long-term health care needs. [4]
Erickson filed for Chapter 11 bankruptcy in 2009. [5] The majority of that company's assets were purchased by Redwood Capital Investments, LLC for $365 million, and a new Erickson Living company was created as a subsidiary of Redwood Capital Investments, LLC. [6] [7] [8] The company was renamed Erickson Senior Living in 2021. [9]
Four North Texas nursing homes have “overwhelming” safety and quality issues as their parent company navigates bankruptcy proceedings, according to a report from an independent patient care ...
On average, between 1980 and 1994, a US bank failed every three days. The pace of bankruptcies peaked immediately after the 2008 financial crisis. [1] The 2007–2008 financial crisis led to many bank failures in the United States. The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012. [2]
For many, the cost of life-saving care is too high, and medical debt is the No. 1 cause of bankruptcy in America.That is to say nothing of the emotional labor of navigating the complex system ...
The following private equity firm or hedge fund owned companies have filed for bankruptcy protection: A&P (grocery chain) [1] Brookstone [2] Envision Healthcare [3] Friendly's [1] GenesisCare [3] Instant Brands (maker of Instant Pot and Pyrex) [4] Kmart [5] Party City [6] Payless Shoe Source [2] RadioShack [2] Red Lobster [4] RJR Nabisco [7 ...
The budget airline filed for Chapter 11 bankruptcy protection in November, facing over $1 billion in looming debt payments and accumulating more than $2.5 billion in losses since 2020.