A continuing care retirement community (CCRC) with a history of financial woes is slated to change hands, with senior living company LCS poised to buy it, SeniorHousingNews.com reported. The community, known as Harborside and previously Amsterdam at Harborside, in March filed for bankruptcy for the third time in nine years, with LCS winning a five-day auction worth $63 million for the community last fall, according to court records and an article published by Newsday.com. A judge approved the sale on Dec. 27, U.S. Bankruptcy Court in Central Islip court records indicate. But the community’s debt holder, Kansas City based-UMB Bank, has appealed the ruling that approved the transaction to LCS.
