An investment firm that has completed over $10 billion in transactions since 2006, and a sophisticated investor of senior living markets.
The Challenge
The senior living campus of Assisted Living and Skilled Nursing communities was at risk of licensure termination by state regulators, who had assigned a temporary manager. Investors were given a two-week notice of closure and the transfer of the remaining 12 SNF residents.
How We Helped
Long Hill held a planning meeting with state officials, and on a parallel course worked with Columbia Pacific Advisors to prepare a consensual receivership filing in federal court. Within two-weeks, federal courts approved filing, and Long Hill was assigned as the receiver. Long Hill immediately began work to excuse the state-appointed manager and gain the trust of staff and referral sources.
The Results
