Skilled Nursing News November 6, 2024
An emergency petition on Tuesday was filed to expedite the conservatorship action brought by the son of Life Care Centers of America CEO Forrest Preston, as other executive members cited year-end obligations.
Preston’s son, Aubrey B. Preston, should be appointed as his conservator on an emergency basis, executives said, due to the critical and time-sensitive needs of Tennessee-based nursing home operator Life Care and its affiliates. Forrest is incapable of attending to his duties as CEO in his disabled status, the executives allege in the court filings.
The son is requesting limited powers necessary to protect his father’s health, safety and welfare. And, in consultation with Life Care President Todd Fletcher and CFO Steve Ziegler, the younger Preston is seeking...
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