Skilled Nursing News June 21, 2024
Zahida Siddiqi

Athena Health Care Systems, once the largest owner of nursing homes in Connecticut, sold five nursing homes for an undisclosed sum to a New-York based provider.

The buyer agreed to pay back taxes and debts owed to vendors and contribute $2.6 million to its employees’ health care insurance fund to cover all medical bills, according to an article in the CT Mirror.

Athena owed nearly $47,000 in back taxes to four of the communities where the nursing homes are located, records show.

Athena still owns 14 nursing homes – a reduced footprint from 22 facilities a year ago.

The state Department of Public Health recently approved the deal, transferring the five facilities to National Health Care Associates, a long-time nursing...

Today's Sponsors

LEK
ZeOmega

Today's Sponsor

LEK

 
Topics: Mergers & Acquisitions / JV, Post-Acute Care, Provider, Trends
Early hospice care has transformative impact
Twin Brothers Launch Seen Health with $22M to Provide Culturally-Focused Care for Seniors
‘Overpayment’ Clawbacks Hanging Over Home Health Providers’ Heads
Senior Living Sits at Crossroads of Optimism, Uncertainty On the Cusp of 2025
Nonprofit Wesley Housing Nearly Doubles Portfolio in Deal That Includes Affordable Senior Housing

Share This Article