By Menachem Rephun
A nursing home based in Jamaica, Queens will be sold by its
non-profit owners to a group of for-profit companies for $41 million,
Crain’s reported last week. The home, Margaret Tietz Nursing and
Rehabilitation Center, will be sold to several limited liability
companies, whose owners include Workmen’s Circle Multicare Chief
Executive Solomon Rutenberg, and Cassena Care heads Pasquale
DeBenedictis and Alex Solovey.
The Margaret Tietz home is one of several properties being sold by
its current owner, the Bronx-based CenterLight Health System, in order
to pay off $47 million owed to the state and federal government as part
of a 2016 agreement to settle charges of Medicaid fraud. According to
Crain’s, other properties sold off by CenterLight include the Beth
Abraham center in the Bronx, and Westchester’s Martine Center, which was
sold to Centers Health Care for $77.8 million.
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Source: The Jewish Voice (via Empire Report New York)
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