Another one feels the sting in the long-running fraud case involving the national senior living provider formerly known as Assisted Living Concepts (ALC). This time, a national audit firm that conducted deficient audits of ALC has settled charges with the Securities and Exchange Commission (SEC) and will pay a $3 million penalty and forfeit $1.5 million […]
Grant Thornton
By Ingrid Bagby, Melissa Dimitri, Paul Melville and Christopher Updike As an owner, operator, or stakeholder in a continuing care retirement community (CCRC), the last words you likely want to hear are “restructuring” or “bankruptcy.” But, given the economic pressures CCRCs can face, one doesn’t have to look very far to encounter examples of both. […]
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