Receivership clearing hurdles nearly two months later
Survey inspection or complaint survey reports posted to the
At the end of May, Black Hills Receiver issued a news release claiming that it had made substantial progress on stabilizing the operations.
But it didn't come without hurdles ranging from ensuring that employees got paid and had their health insurance reinstated to dealing with other legal issues with vendors and financiers as they arose.
Here's what else you need to know about the process:
Background
On
Receivership is a legal process in which a receiver is appointed by a judge to oversee business operations and finances. It can be used when a business has financial problems.
Just a few days prior, the state and others became aware of significant financial issues at the 18 nursing homes and one assisted-living center, including dwindling food and supplies, unpaid utility bills and the possibility that staff would not be paid and would lose health insurance.
Since
Financial report
When it was granted receivership, Black Hills Receiver was ordered to file a financial report within 30 days. That report, including income and cash flow statements, was filed on time -- on
The statement of income and expenses shows the company operated at about a
Concerns about employees not being paid and potentially losing their health insurance have been resolved.
In a
The unknown
It's possible that Golden Living could still be looking for a new owner operator. But the company's been quiet about that fact.
Black Hills Receiver spokeswoman
Skyline transition
Within the first half of the year, Skyline lost operations of its facilities in
At that time, company spokesman
"As with any transition, there have been hurdles," he said.
Follow @vlusk_AAN on Twitter.
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