PE Buyout of New York Retirement Home Threatens to Evict Seniors

Wheelchair-bound Terie Gelberg has lived at the Harborside, a retirement community on Long Island’s North Shore, for almost two decades. It was supposed to be the last home for the 99-year-old with memory issues, but plans to sell the bankrupt facility to a private equity firm threaten to upend her care.

She, alongside other residents of Harborside’s Port Washington nursing home, memory-care and assisted-living units will be forced to relocate if a bankruptcy court judge approves Focus Healthcare Partners’ $80 million deal to buy the complex in February. There are at least 40 residents that will have to move ...