The New York State Attorney General (the ”AG”) recently issued new standards of review for the sale of all or substantially all assets of not-for-profit nursing homes which should be of keen interest to both not-for-profit providers and prospective for-profit purchasers. See http://www.charitiesnys.com/pdfs/NursingHomeSales.pdf (the “Guidance”). After noting the significant increase in efforts to sell nonprofit
Marsena Farris is a counsel in the New York office and a member of Crowell & Moring’s Health Care Group. Her practice focuses on the representation of nonprofit entities such as foundations, religious organizations, and health care providers licensed as home health agencies, hospices, assisted living facilities, continuing care retirement communities, nursing homes and managed care organizations.