Tuesday, August 2, 2011

Omega Healthcare Investors, Inc., will close four skilled nursing & rehabilitation centers in Connecticut and ultimately lay off a total of 575 workers at the facilities. 

The skilled nursing & rehabilitation centers -- Bishops Corner in West Harford, Rocky Hill, Soundview in West Haven and University in New Haven -- have been in state receivership since January.

In April, the Superior Court has previously ordered the skilled nursing & rehabilitation centers shut down due to their poor financial condition.  All four skilled nursing & rehabilitation centers previously belonged to Haven Healthcare, which filed for Chapter 11 on Nov. 20, 2007, after suffering financial problems and repeated citations for deficient patient care.  Judge Albert S. Dabrowski of the United States Bankruptcy Court for the District of Connecticut dismissed the Chapter 11 cases of Haven Healthcare Management LLC and its debtor-affiliates on Aug. 15, 2008.

Omega Healthcare Investors, Inc., is a Real Estate Investment Trust (REIT) providing financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities located in the United States.  At March 31, 2011, the Company owned or held mortgages on 398 skilled nursing facilities, assisted living facilities and other specialty hospitals with approximately 46,172 licensed beds (44,425 available beds) located in 35 states and operated by 50 third-party healthcare operating companies. 

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The Plant Prospector is a weekly e-mail service that identifies national, regional, and local plants and businesses in transition through layoffs, closings, and work force reductions. A reduction in the number of employees is an indication of a current or imminent change in the operations of an enterprise and is invaluable in identifying companies including private firms, small public companies, and subsidiaries of major corporations that are in flux. Plant Prospector is an ideal prospecting tool for firms that provide services to businesses in transition, such as temporary employment agencies and outplacement firms, and for companies whose business may be affected by change, such as suppliers, professional firms, and insurance companies.

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