The Rehabilitation Center of St. Petersburg nursing home has emerged from bankruptcy — despite protests from Medicare officials — after a bankruptcy judge agreed it fixed record-keeping and patient care problems, Dow Jones Daily Bankruptcy Review reported today. The Florida facility told a bankruptcy judge that it has repaid all of its debts and plans to continue caring for its roughly 110 patients after emerging from chapter 11 protection on Friday. The nursing home filed for bankruptcy on Aug. 15, preventing Medicare officials from halting payments for the facility's low-income patients after finding "rampant, serious problems" at the facility last year.
