Hebrew HealthCare, which runs a nursing home, hospital and a wide range of care services in the greater Hartford area, announced it will lease out its flagship facility and restructure the rest of its operations under Chapter 11 bankruptcy.
Hebrew HealthCare said it will lease operation of its 257-bed nursing facility on Abrahms Boulevard in West Hartford to Hebrew Home for Health and Rehabilitation, which is an affiliate of National Health Care Associates affiliate.
In a statement, the organization said the lease will "eliminate the main challenge to Hebrew HealthCare's financial stability."
The rest of its operations, including the hospital, senior day center, physician services, dementia care services and Hoffman Summerwood Community, will be restructured under Chapter 11 protection.
Hebrew HealthCare said it intends maintain the current level of service to all of its residents and patients throughout both initiatives.
In the statement, Hebrew HealthCare President and CEO Bonnie Gauthier said:
"In the 18 years I have spent leading our organization, we have faced numerous challenges dealing with reimbursement reductions, regulatory issues, capital project needs and the dramatically changing face of senior care; and each time we have emerged stronger than ever. I fully expect the same to happen here—our greatest priority will always be the older adults we serve and the families who count on us."