Nursing Home Operator LaVie Care Centers Files for Bankruptcy

June 3, 2024, 9:36 AM UTC

LaVie Care Centers LLC, which operates 43 nursing homes and assisted living facilities under names including Consulate Health Care, became the latest chain to file for Chapter 11 bankruptcy as the industry grapples with high labor costs, lower occupancy and uneven reimbursement rates.

Since the pandemic, the company — once one of the largest operators of skilled nursing facilities in the US — has divested more than 90 facilities. It now operates in five states and has 3,600 employees, according to court papers.

Like many peers, LaVie struggled with higher costs and was forced to rely on expensive staffing ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.