Vanke NYC acquisition could be subject of legal action

lee-shau-kee-1 MIAMI: The state Department of Health is exploring taking legal action after it was misled by the Allure Group, a nursing home chain that recently sold the former Rivington House property to a group including China Vanke, and netted a $72 million profit. In response to issues raised by Manhattan politicians, a top DOH official asserted that Allure misrepresented its intentions for the site in a certificate-of-need application…..

Full story covered in the Seniors Housing & Healthcare Trends.