Showing posts with label charity or just an artifice to maximize profit for investors that avoids expensive liability insurance and funnels profits to a related management corporation.. Show all posts
Showing posts with label charity or just an artifice to maximize profit for investors that avoids expensive liability insurance and funnels profits to a related management corporation.. Show all posts

Saturday, May 12, 2012

Court orders hearing on 'charity' nursing home operator

Court orders hearing on 'charity' nursing home operator


Posted by Max Brantley on Wed, May 2, 2012 at 11:08 AM

This one's mostly for legal wonks. But the Arkansas Court of Appeals ordered a further hearing today on whether a nonprofit nursing home operator, Arkansas Elder Outreach, was truly a charity or just an artifice to maximize profit for investors that avoids expensive liability insurance and funnels profits to a related management corporation. The question arises in a case over alleged negligence in care of a patient in a Crittenden County nursing home.