California AG approves sale of three skilled nursing facilities
California Attorney General Rob Bonta conditionally approved the $35.6 million sale of three northern California skilled nursing facilities owned b...
California Attorney General Rob Bonta conditionally approved the $35.6 million sale of three northern California skilled nursing facilities owned by Eskaton. Eskaton, a Carmichael, California-based not-for-profit senior healthcare provider formed in 1968, had $102.8 million in revenue bonds and notes at the end of fiscal year 2022, according to combined audited financial statements for the years ending Dec. 31, 2021, and Dec. 31, 2022. The bonds and notes weren't in default, according to disclosure posted on the Municipal Securities Rulemaking Board's EMMA website, but the healthcare provider had violated covenants outlined in the master indenture's debt service requirements for cash-on-hand.