Four Connecticut nursing homes run by Affinity Healthcare Management Inc. filed for bankruptcy protection, blaming a slower intake of patients and a multimillion-dollar payment dispute with state health care officials over Medicaid money, Dow Jones Daily Bankruptcy Review reported today. Executives who put Affinity Healthcare's nursing homes, including the 105-bed Ellis Manor in Hartford, Conn., into chapter 11 protection on Wednesday said that its facilities are seeing record-low numbers of patients, "like most of the other nursing homes in Connecticut." The 550-worker health-care company has struggled since emerging from bankruptcy in August 2010. Affinity Healthcare officials borrowed money at the end of its case that was "substantially more expensive than anticipated [in] costs and fees," draining a large amount of cash, according to documents filed in U.S. Bankruptcy Court in New Haven, Conn. Read more. (Subscription required.)
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