Troubled New York CCRC Set to Change Hands After Bankruptcy 

The troubled history of the continuing care retirement community (CCRC) known as Harborside is set to take a new turn as senior living company LCS plans to acquire it. Harborside, which previously filed for bankruptcy three times in nine years, was recently won in a $63 million auction by LCS, pending approval from U.S. Bankruptcy Court in Central Islip. Despite an appeal from the community’s debt holder, LCS is moving forward with its transition plans to acquire and operate the CCRC, promising to honor residents’ contracts and address the financial challenges. As a leading senior living provider, LCS manages over 140 communities nationwide and is poised to bring positive changes to Harborside.