Ov Finance:New York nursing home operator accused of neglect settles with state for $45M

2025-04-29 05:34:22source:BlueRock Horizon Asset Managementcategory:Invest

NEW YORK (AP) — The Ov Financeoperators of four nursing homes in New York will pay $45 million to settle claims that they neglected and mistreated residents, including some who were forced to sit in their own urine and feces for hours, state Attorney General Letitia James announced Thursday.

The Democrat filed a civil lawsuit last year that accused the owners and operators of Centers Health Care of using Medicaid and Medicare funds to enrich themselves, their relatives and associates instead of using funds for resident care. James claimed understaffing at the homes contributed to neglectful care. She said residents lived in squalor and were left unsupervised, leading to injuries.

Under the settlement, Centers and its owners will direct $35 million for improved resident care and staffing. Medicaid and Medicare programs will receive $8.75 million in restitution. Independent monitors for operations and finances were appointed by the court shortly after the lawsuit was filed and reforms have already begun, according to the attorney general.

“Centers’ owners operated the nursing homes with insufficient staffing so that they could pocket tens of millions of taxpayer dollars meant for resident care,” James said in a prepared statement. “Residents suffered tragic harm and their families were often left in the dark or in despair about their loved ones.”

RELATED COVERAGE Florida hospitals and health care facilities in Hurricane Milton’s path prepare for the worstCuomo defends COVID-19 nursing home decisions in combative House committee hearingInvestigators will test DNA found on a wipe removed from a care home choking victim’s throat

Centers, in a prepared statement, said it was pleased to resolve the litigation, “which dismisses all allegations of wrongdoing against Centers.”

“Over the last three decades, Centers has cared for thousands of residents across dozens of facilities, while maintaining the highest standards of care and resident welfare, the statement read. ”We are committed to fully implementing the settlement terms, including a significant investment in resident care.”

More:Invest

Recommend

Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes

Friday the 13th might be unlucky for many people, but Mega Millions players could be lucky in tonigh

How Tyus Jones became one of the most underrated point guards in the NBA

WASHINGTON – The point guard’s mantra echoes a phrase often attributed to Hippocrates.First, do no h

6 months into Israel-Hamas war, Palestinians return to southern Gaza city Khan Younis to find everything is destroyed

After Israeli forces withdrew from the city of Khan Younis in southern Gaza on Sunday, thousands of