Comments on Advance Indiana™: Star Whitewashes HHC's Nursing Home Scam

Laying aside the nursing home revenues, Wishard is...

2009-10-19T14:33:24.402-05:00

Laying aside the nursing home revenues, Wishard is at best a break-even operation.

If I read this correctly: "Health and Hospit...

2009-10-19T14:00:21.953-05:00

If I read this correctly:

"Health and Hospital Corp.'s foray into nursing homes has accompanied Wishard's own financial rebound, Gutwein said.

"The corporation has turned around a loss of $77 million in 2002 to a surplus of almost $39 million in 2008, according to financial documents. It has $150 million in cash set aside for the building project . . ."

Then it says Wishard is, in and of itself, a financial disaster.

That makes the insecurity of those government reimbursements all the more frightening. Wishard would have gone broke by now without the infusion from their 'foray.'

Not only could we be paying for Wishard's construction costs through higher property taxes, if HHC's sugardaddy goes away, we could even be facing the prospect of paying for an empty building.

That's the same corner the CIB has tried to paint us into with threats of empty LOS and Conseco facilities if we don't fork over more tax dollars to prop THEM up.

Who in their right mind could be voting FOR this referendum???

I want to thank you and compliment you on your dis...

2009-10-19T08:00:00.633-05:00

I want to thank you and compliment you on your disclosure of this Wishard nursing home business and the middle-man nature of Wishard's role in it.

While it certainly colors the referendum debate, it will remain an issue regardless of the outcome of that vote. Other nursing homes can rightly complain to State Legislators and the Feds about the competitive disadvantage in which it leaves private owner/operators.

Have you found if H&H has to pay taxes on these nursing homes, or if the 'charitable' nature of their work gives them a competitive advantage in that arena as well?