Bankruptcy is filed for Park Pointe facility
Borsellino says Morris Healthcare and Rehabilitation Center excluded
The owner and CEO of Prism Healthcare Group’s two senior facilities in Morris has filed for Chapter 11 bankruptcy protection for one of them.
Lewis Borsellino said of the two operations – Park Pointe Morris Senior Living Facility and Morris Healthcare and Rehabilitation Center – he had to file Chapter 11 for the former.
“It sounds like bad news,” Borsellino said Wednesday, “but it’s actually good news. ... It’s a plan of reorganization.”
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