Corporate Restructuring
Nursing Homes in Brevard County protect themselves from bad acts and limit their liability through corporate restructuring according to the Journal of Health Law (Fall 2003, Vol. 36, No. 4).This article is essentially a "how to guide" that explains how and why to restructure a nursing home chain into multiple limited liability corporations. The article is shockingly candid in that it lays out exactly how and why the nursing home industry is moving to this corporate shell game with separate real estate LLC's and separate operations LLC's. The implicit (and almost explicit) message behind the entire article is "how to make millions of dollars in government funds without recourse for over payments, and how to mistreat elderly residents without liability." Unfortunately, many of Brevard County's nursing homes and rehabilitation facilities have adopted this corporate shell game as a way of doing business. There is currently pending in Tallahassee, legislation that would provide some transparency to this corporate LLC nursing home shell game. Let's hope for the good of Brevard's elderly and incapacitated nursing home residents that it passes.
