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Nonprofit selling Queens nursing home to for-profit for $41M

Nonprofit selling Queens nursing home to for-profit for $41M

A nursing home in Queens is moving from a nonprofit to a for-profit provider for $41 million in the wake of a Medicaid fraud scandal. Bronx-based CenterLight Health System plans to sell its Margaret Tietz Nursing and Rehabilitation Center in Jamaica to a group of limited liability companies whose owners include Cassena Care principals Pasquale DeBenedictis and Alex Solovey and Workmen’s Circle MultiCare Center chief executive Solomon Rutenberg, according to Crain’s. The state still needs […]


Source: realdeal

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