Nursing home owners drained cash while residents deteriorated, state filings suggest

TL;DR

Jordan Rau New York state records show nearly half the state's 600-plus nursing homes hired real estate, management and staffing companies run or controlled by their owners, frequently paying them well above the cost of services. The owners invested in hundreds of homesBoth The Villages and its related real estate corporation, Telegraph Realty, were controlled by the same trio of investors, although they arranged for the nursing home to be listed in regulatory filings as solely owned by a silent partner and did not disclose their co-ownership of The Villages, court records show. In his deposition, Kalter said: "I have no personal knowledge of anything that's going on in the nursing home

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