A Pennsylvania company that operates three nursing homes is in default, and it’s a familiar story: staff shortages and a large slump in occupancy in the aftermath of the pandemic.
Senior Choice Inc. failed to make interest and principal payments due Oct. 31 on its $15.9 million bond issued in 2006 by the
The trustee for the bonds said that Senior Choice still expects to file for bankruptcy as disclosed in July as part of a plan to sell or close facilities.
Senior Choice operated “without major issues” ...
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