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Bankruptcy at an Illinois retirement community has financial impact on residents and families too

At age 88, World War II veteran Robert Kroll moved to Friendship Village of Schaumburg, Illinois, a retirement community where he would be taken care of until death, and so his children would get their inheritance after he died. He paid an entrance fee of $124,000, plus about $2,400 a month, to guarantee that he would always get housing and medical care even if he ran out of money, with the . ....

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Massive CCRC agrees to $115M bankruptcy deal

One of the largest CCRCs in the US could become a for-profit provider under the reported terms of a reported bankruptcy auction. ....

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Illinois long-term care group says staffing mandates will be disastrous

(The Center Square) – Following the Center for Medicare and Medicaid Services’ release of its proposed nursing home staffing rule, an Illinois long-term care association is calling it unrealistic. ....

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