After we and several other news outlets reported on the Chapter 7 bankruptcy filing of Pacifica Senior Living LLC on March 24, we heard from the company about the filing and our story. Apparently, the liquidation filing was for one of their management entities, Pacifica Senior Living LLC, “whose sole purpose was to manage a subset of our communities in California. Pacifica Senior Living LLC does not own any senior living facilities and this filing will have no impact on the ownership of our properties, resident care, or our beloved staff. All of the senior living properties in our portfolio are independently owned, and each remains operational and unaffected by PSLM’s situation.”
The Chapter 7 filing was mostly the result of $23 million in damages they were ordered to pay related to a resident’s death a few years ago. At various times, the Pacifica Senior Living entity managed 20 or so communities. And no assets are being sold as a result of the filing. Management stated that any suggestion that any of its assets are for sale or will be liquidated is incorrect, and that there is no impact on employees, residents or quality of care. We apologize for error.
