Hartford Business.com
September 02, 2010
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A Connecticut partnership has bought six nursing homes in the state that have been operating in receivership because of Marathon Healthcare's bankruptcy filing.
Paradigm Healthcare Development paid $350,000 on Wednesday for the six Marathon facilities in Waterbury, Torrington, Prospect, New Haven, West Haven and Norwalk. The homes have nearly 730 skilled-nursing beds.
The partnership is getting some help from union workers who agreed to a one-year pay freeze, and the state, which is promising more than $1 million in temporary Medicaid reimbursement increases.
The partnership includes Dr. Charles Bizilj, director of emergency medicine at Johnson Memorial Hospital in Stafford, and veteran health care administrators Stephen LeGault and Scott Ziskin. (AP)
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