South Windsor Nursing Home Closing - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
May 31, 2016 Newswires
Share
Share
Post
Email

South Windsor Nursing Home Closing

Hartford Courant (CT)

May 31--Paradigm Healthcare, a for-profit nursing home operator based out of East Hartford, sold five of its properties earlier this year and is planning to close the last one, in South Windsor, in 60 days.

The state Department of Social Services must approve the closure. It has not yet scheduled a hearing.

CEO Scott Ziskin confirmed the closure of Paradigm Healthcare Center of South Windsor and the sale of the other homes. The home had lost money under its previous operator, and Ziskin said while his company tried for years to attract enough patients to get the facility to turn a profit, there was never a fiscal year where it broke even or made money. Paradigm bought the home in January 2011.

Currently, it has 65 patients, and is licensed for 100 patients.

As the state government has encouraged the elderly and disabled to use their Medicaid funds to hire home health aides, it has become more difficult to keep nursing homes full, Ziskin said.

"We just couldn't get enough occupancy," he said, and the Hartford region has more nursing home beds than there is demand for.

The chain was one of three targeted for a strike by The Service Employees International Union, District 1199, in April 2015. Gov. Dannel P. Malloy convinced the union to postpone the strike, so they could see if there would be more money in the state budget for wages. Ziskin said the contract was settled several months ago, but its terms were not a contributing factor to the closure.

About 70 percent of nursing home revenue in Connecticut is paid by Medicaid, the government insurance for the poor that is financed 50-50 with state and federal taxes.

Paradigm sold its five other nursing homes to RegalCare Management Group. They are located in New Haven, West Haven, Torrington, Prospect and Waterbury. Ziskin said Regal Care Management Group is also a for-profit company, based out of Waterbury.

Paradigm Healthcare will go out of business when the South Windsor home closes.

___

(c)2016 The Hartford Courant (Hartford, Conn.)

Visit The Hartford Courant (Hartford, Conn.) at www.courant.com

Distributed by Tribune Content Agency, LLC.

Older

BRIEF: High Point man faces new charge in fatal hit-and-run

Advisor News

  • Could a narrower focus help grow your practice?
  • U.S. debt hits $40 trillion: how to support concerned clients
  • Flourish brings private-bank-like cash solution to MassMutual’s network
  • Majority of Americans concerned recent market highs are unsustainable
  • GLP-1 users choose between medication and retirement saving
More Advisor News

Annuity News

  • MassMutual Expands Lending Options With New Secured Credit Line
  • Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
  • Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
  • IMOs get frustrated with slow carrier adoption of faster technology
  • New class-action lawsuit targets Delaware Life over annuity disclosures
More Annuity News

Health/Employee Benefits News

  • U.S. News & World Report Names the 2027 Best Insurance Companies for Medicare
  • FAQ: Getting the Most Out of Medicare
  • Harbor Health Brings Care and Coverage Together in Houston with the Acquisition of Village Medical Clinics: Harbor Health
  • Findings on Managed Care Described by Researchers at Boston Children’s Hospital (Medicaid utilization in children: Condition-specific incidence and spending): Managed Care
  • Idaho lawmakers hope to ensure timely doctor payments, treatment approvals in Medicaid transition
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • SBLI Lowers OmniTrak Term Rates and Expands Underwriting Flexibility
  • Open Enrollment Starts November 1: Tampa Broker Ryan Michalek Urges Families and the Self-Employed to Check 2027 Costs Before They Auto-Renew
  • MassMutual Expands Lending Options With New Secured Credit Line
  • AM Best Affirms Credit Ratings of Aflac Incorporated and Its Subsidiaries
  • AM Best Upgrades Credit Ratings of Dah Sing Insurance Company Limited
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.