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Care Enterprises Inc

CALIFORNIA | LOCAL
March 25, 1989
A Playa del Rey nursing home was ordered to pay $50,000 in penalties Friday for violations of state law regulating patient care, the Los Angeles city attorney's office said. In a Superior Court injunction, Tustin-based Care Enterprises West, which does business as the Care West Playa del Rey Nursing Center, was also ordered to take specific steps to avoid future violations.
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CALIFORNIA | LOCAL
March 25, 1989
A Playa del Rey nursing home was ordered to pay $50,000 in penalties Friday for violations of state law regulating patient care, the Los Angeles city attorney's office said. In a Superior Court injunction, Care Enterprises West, which does business as the Care West Playa del Rey Nursing Center, was also ordered to take specific steps to avoid future violations.
BUSINESS
July 14, 1994 | JOHN O'DELL, TIMES STAFF WRITER
Shareholders sold almost 4.7 million shares of Regency Health Services' common stock in wild trading Wednesday as the price fell almost 40% on word that the nursing home operator's profits will likely be far short of earlier forecasts. Only last-minute stock buyback pledges by Regency's chairman and its largest shareholder kept the price from plummeting lower. At one point during the day, Regency shares were trading at $7.625, down from Tuesday's closing price of $14.125.
CALIFORNIA | LOCAL
August 17, 1988
The operators of a Playa del Rey nursing home were charged Tuesday with deficient care practices involving 25 patients, including one man discovered to have maggots in his heels. A nine-count misdemeanor complaint also alleges that the nursing staff failed to develop a care plan for a patient who died three days after being admitted to the home, one in a chain operated by the Tustin-based Care Enterprises West.
CALIFORNIA | LOCAL
May 10, 1988 | LESLIE BERKMAN, Times Staff Writer
A 99-bed skilled nursing facility in Inglewood, operated by bankrupt Care Enterprises, was closed Monday on the basis of earlier citations charging serious violations involving patient care. Stan Roman, assistant branch chief for licensing and certification for the state Department of Health Services, said the state effected the immediate closing of Palomar Nursing Center at 301 N. Centinela Ave. by suspending Care Enterprises' license to operate it.
BUSINESS
July 29, 1989 | LESLIE BERKMAN, Times Staff Writer
The top two executives of Care Enterprises have resigned as part of a reorganization plan intended to lift the Tustin-based nursing-home chain out of bankruptcy, attorneys said Friday. Twin brothers Dee Roy and Lee Roy Bangerter Thursday went on paid leaves of absence that will last 60 days or until the court confirms the proposed reorganization plan, said David Kupetz, an attorney representing the company.
BUSINESS
June 10, 1989 | JOHN CHARLES TIGHE, Times Staff Writer
Care Enterprises lost $29 million in 1988, including $7.2 million set aside to cover the costs of its attempt to reorganize under protection of bankruptcy court, the company said Friday. Tustin-based Care, one of the nation's largest nursing home operators with 94 facilities, lost $66.5 million in 1987. In explaining the 1988 loss, Care said payments for patient care from the government were not sufficient to cover the company's operating costs. The company reported that revenue for 1988 declined 2% to $247.
BUSINESS
July 29, 1989 | LESLIE BERKMAN, Times Staff Writer
The top two executives of Care Enterprises have resigned as part of a reorganization plan intended to bring the nursing home chain out of bankruptcy proceedings, attorneys said Friday. Twin brothers Dee Roy and Lee Roy Bangerter on Thursday began paid leaves of absence that will last 60 days or until the court confirms the proposed reorganization plan, said David Kupetz, an attorney representing the company.
BUSINESS
January 13, 1989 | LESLIE BERKMAN, Times Staff Writer
A third plan to rescue Care Enterprises from bankruptcy has been submitted, this time by a company that is renewing its bid to buy skilled nursing facilities from the Tustin-based nursing home chain. In a plan filed Wednesday with the U.S. Bankruptcy Court in Los Angeles, Paradigm Corp. of Columbus, Ohio, seeks to acquire 22 nursing homes and other property owned by Care Enterprise subsidiaries in Ohio, New Mexico and West Virginia.
BUSINESS
May 9, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
Nursing home operator Care Enterprises on Tuesday reported a $46.7-million loss for 1989, mostly because of writedowns related to its ongoing reorganization in federal bankruptcy court. The Tustin-based company said that although it sold some facilities last year, its revenue increased to $257 million due to a substantial boost in Medicare business. In 1988, Care Enterprises reported a $29-million net loss on revenue of $247.8 million.
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