Outrage grows as bankruptcy sale threatens stability of Long Island retirement community for the elderly

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The story "Outrage grows as bankruptcy sale threatens stability of Long Island retirement community for the elderly" was covered 14 hours ago by Business Mirror, a news publisher based in Philippines.

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Outrage grows as bankruptcy sale threatens stability of Long Island retirement community for the elderly - Business Mirror

Quick Summary:

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.

Under that deal, Harborside’s parent agreed to contribute about $41 million from the sale of a Manhattan nursing home to fund entrance fee refunds.