In my post Villages Health where did all the money go back on July 12 I said.
"I noticed that the rent was paid to TV. The rent looks to be 1,135,000 per month, but no rent is forecast for October, Nov, or Dec in the pro-forma DIP budget."
I''ll bet most companies stiff the landlord as part of the effort to conserve cash especially when the landlord is part of the "family". I'll bet there are other issues that an audit will show up.
Sucking money out of a bankrupt company before filing might be an issue.
Many people in the past have said they were experts and I didn't know about healthcare or Medicare.
here is what I posted on July 14.
"If the money was spent on making the Brownwood facility a wonderful place or burned in the parking lot that should have no effect on the ability for the new owner of serve the patients."
Follow the money.
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