SAK responded to immediate facility needs after being court-appointed to oversee and monitor resident care, regulatory compliance and economic performance for 54 Assisted Living Facilities during bankruptcy proceedings. SAK implemented priority action initiatives to stabilize interim operations and maximize interim operating performance. In taking control SAK performed property inspections to identify and rectify capital needs and building deficiencies, and took action to maintain occupancy. They conducted competitive market studies and stabilized local market influences and referral resources.
SAK implemented management modifications to address health concerns and record keeping, short-term cash savings, and problems with over time and agency usage. They addressed survey and licensing issues, vendor COD requirements, and provided corporate intervention in support of executive management. Property manager reorganization initiatives implemented by SAK clearly defined the roles of corporate management, regional and facility based leadership influences, reducing redundancies and deficiencies.
Upon emergence from bankruptcy, concurrent with the reorganization plan, the properties were sold and SAK concluded its involvement.
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