Healthcare Lender Alert: New Law Impacts New York State Nursing Homes
By EsqSocial Corporation 26/04/21
As part of its recent budget, New York State has enacted a new law that significantly impacts nursing home operators in New York. Effective January 1, 2022, the new Section 2828 of the Public Health Law requires, among other things, that: Not less than 70% of nursing home revenues shall be spent on direct resident care costs;......
By: Moritt Hock & Hamroff LLP