ABI Live Webinar: Restructuring of Continuing Care Retirement Communities

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ABI Live Webinar: Restructuring of Continuing Care Retirement Communities

February 3, 2016

Hosted by: Health Care and Secured Credit Committees

The restructuring of continuing care retirement communities (CCRCs) has increased in recent years. CCRCs provide senior citizens with a continuum of care, comprised of independent living, assisted living and skilled nursing. Residents pay an upfront entrance fee, which often is 75%-90% refundable, and a monthly maintenance fee. The need to repay entrance fees with funds from entrance fees paid by subsequent residents makes CCRCs particularly susceptible to variances in occupancy, and the upfront payment of entrance fees exposes CCRCs to rising health care costs. CCRC bankruptcies are further complicated by the need to ensure quality care for current residents and the oversight of the state attorney general’s office and other regulatory authorities. This webinar will explore these issues and other potential pitfalls of CCRC bankruptcies.

February 3, 2016

75 Minutes

1:00 - 2:15 pm ET

RATES

This webinar is FREE to attend thanks to our sponsor:

              

There is a $25 administrative fee if you choose to add CLE*

SPEAKERS

Thomas R. Califano
DLA Piper
New York

Chad J. Shandler
CohnReznick LLP
New York

Boris I. Mankovetskiy
Sills Cummis & Gross PC
Newark, NJ

 

*ABI will seek 1.25 or 1.50 of general CLE credit in 60-minute-hour states and 1.5 hours of credit in 50-minute-hour states. CLE-Approved States: ABI’s live webinars and teleconferences ordinarily receive CLE credit in AL, CA, DE, GA, IL, MN, NE, NH, NJ, NY (approved jurisdiction policy), PA, TN and TX. ABI will obtain approval in additional states. Credit hours granted are subject to approval from each state, which may not be determined prior to the program.