The nursing home chain’s landlord, Quality Care Properties, filed the lawsuit two months ago. In the lawsuit, Quality Care claims ManorCare owes more than $300 million in rent at hundreds of locations, according to Reuters. Quality Care is also calling for the appointment of a receiver to replace ManorCare management.
While eviction is an option for landlords to recoup owed rent, the report notes Quality Care proposed going in another direction “because the leased properties care for approximately 30,000 patients — many of whom are elderly, vulnerable and require specialized care — [and] abrupt eviction could cause substantial harm.”
ManorCare’s deadline to respond to the lawsuit is Thursday.
The nursing home chain declined to comment to Reuters. However, the publication reports ManorCare previously said it had been negotiating its master lease agreement and continues its focus on high-quality patient care.
Read the full report here.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit