2 Iowa Nursing Homes Seek Bankruptcy Protection

By Associated Press

DES MOINES, Iowa (AP) - Two Iowa nursing homes run by a man who once declared he was a candidate for governor have filed for bankruptcy protection.

The Des Moines Register reports All-American Restorative Care of Washington and All-American Care Center in Muscatine are owned by Jerry Rhoads, a Muscatine accountant.

Rhoads claims $7.2 million in debt and $889,000 in assets including two homes each worth more than $360,000 and $35,000 in equity in a Mexican beach resort timeshare.

Potential liabilities are five wrongful-death claims filed against an Arkansas facility Rhoads once operated.

Rhoads, who said last September he would run for governor, says he is not a bad person. He says the state sometimes treats nursing home owners like criminals.

The federal government fined the Washington facility after investigating a death last June.

facebook twitter rss mobile google plus
email alerts you tube hooplanow pinterest instagram