Seniors Face Eviction Under Plan to Sell Retirement Home to Private Equity
- $80 million sale would close nursing home and assisted living
- Long Island facility residents may lose combined $130 million
The Harborside building, in Port Washington, Long Island, NY on Nov. 17, 2024. Gaia Squarci for Bloomberg
Photographer: Gaia Squarci/BloombergWheelchair-bound Terie Gelberg has lived at the Harborside, a retirement community on Long Island’s North Shore, for almost two decades. It was supposed to be the last home for the 99-year-old with memory issues, but plans to sell the bankrupt facility to a private equity firm threaten to upend her care.
She, alongside other residents of Harborside’s Port Washington nursing home, memory-care and assisted-living units will be forced to relocate if a bankruptcy court judge approves Focus Healthcare Partners’ $80 million deal to buy the complex in February. There are at least 40 residents that will have to move to other facilities while some 70 people in its independent-living units have the option to remain, data from New York State Department of Health show.