Tuesday, May 29, 2012

Major Nursing Home Chain Leaving Kentucky

Extendicare Health Services Inc., a major nursing home chain, says it will no longer operate in Kentucky because of increased litigation and the 2012 General Assembly's failure to pass a law making it more difficult to file lawsuits against nursing homes. Extendicare has entered into an agreement to lease all 21 of its skilled nursing centers in Kentucky, representing 1,762 beds, to an unidentified long-term care operator based in Texas. The Kentucky facilities include two in Richmond and one each in Irvine, Stanton, Somerset and Salyersville. The lease is for a 10 year term, and the operator has the option of two five year extensions and the option to buy all of the centers.