The operator of 13 nursing homes in Tennessee, Georgia and Ohio got permission from a bankruptcy judge to spend restricted money while its lawyers come up with a survival plan, Dow Jones Daily Bankruptcy Review reported today. With his signed court order, Bankruptcy Judge Nicholas W. Whittenburg approved the spending request from New Beginnings Healthcare & Rehab LLC officials. The Hixton, Tenn.-based company sought bankruptcy protection on Jan. 22. The nursing-home operator, which employs about 1,300 people, blamed its financial troubles on Georgia health regulators who have withheld Medicaid money that pays for some of the 800 residents at its nursing homes. Read more. (Subscription required.)
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