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Beverly Enterprises - Poster Child Of Fraud And Neglect In Nursing Home Industry
By Evelyn Pringle (about the author)
Become a Fan -- Page 7 of 7 page(s)
But an May 26, 2006 article by Northwest Arkansas News beats all. Beverly has hatched a scheme that will send injured nursing home residents on a wild goose chase.
NAN reported that nursing homes owned by Golden Gate National Senior Care Holdings LLC, formerly Beverly, have been reorganized as separate foreign limited liability companies, including 13 facilities in Arkansas.
"As part of the corporate restructuring, the nursing homes have been split up into separate companies, " Golden Gate spokesman Blair Jackson said. "The LLC process is completed. "
"The move limits the liability of the parent company," NAN noted.
And Beverly is not completely out of the picture. "While Golden Gate is still based in Fort Smith," NAN said, "the headquarters of Beverly Enterprises, which now controls only leased facilities, moved to Folsom, Calif."
"The 80 nursing homes we lease will retain the name Beverly Healthcare, and the other nursing homes are operating under the new name of Golden Gate National Senior Care, " Jackson said.
It would no doubt take top-notch attorney to figure out this next part of the scheme.
"As part of that process," Jackson told NAN, "a new separate company was created to own the real estate, Geary Property Holdings. "
"That company now owns the buildings and the land of those 262 [facilities ]," he said, "and Golden Gate National Senior Care is the operating company that runs the nursing homes. "
Bottom line, with this maze in place, how many layers will plaintiffs have to weave through to hold the company accountable and reach Beverly's billions?
For more information for injured parties go to Lawyers and Settlements.com
http://www.lawyersandsettlements.com/articles/beverly_enterprises_fraud.html
Evelyn Pringle
evelyn.pringle@sbcglobal.net
Become a Fan -- Page 7 of 7 page(s)
NAN reported that nursing homes owned by Golden Gate National Senior Care Holdings LLC, formerly Beverly, have been reorganized as separate foreign limited liability companies, including 13 facilities in Arkansas.
"As part of the corporate restructuring, the nursing homes have been split up into separate companies, " Golden Gate spokesman Blair Jackson said. "The LLC process is completed. "
"The move limits the liability of the parent company," NAN noted.
And Beverly is not completely out of the picture. "While Golden Gate is still based in Fort Smith," NAN said, "the headquarters of Beverly Enterprises, which now controls only leased facilities, moved to Folsom, Calif."
"The 80 nursing homes we lease will retain the name Beverly Healthcare, and the other nursing homes are operating under the new name of Golden Gate National Senior Care, " Jackson said.
It would no doubt take top-notch attorney to figure out this next part of the scheme.
"As part of that process," Jackson told NAN, "a new separate company was created to own the real estate, Geary Property Holdings. "
"That company now owns the buildings and the land of those 262 [facilities ]," he said, "and Golden Gate National Senior Care is the operating company that runs the nursing homes. "
Bottom line, with this maze in place, how many layers will plaintiffs have to weave through to hold the company accountable and reach Beverly's billions?
For more information for injured parties go to Lawyers and Settlements.com
http://www.lawyersandsettlements.com/articles/beverly_enterprises_fraud.html
Evelyn Pringle
evelyn.pringle@sbcglobal.net
Evelyn Pringle is a columnist for OpEd News and investigative journalist focused on exposing corruption in government and corporate America.
The views expressed in this article are the sole responsibility of the author
and do not necessarily reflect those of this website or its editors.
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