Concordia Lutheran Ministries’ $15 million bid to buy the bankrupt Covenant at South Hills was approved by U.S. Bankruptcy Judge Judith Fitzgerald at a hearing on Thursday, September 17.
There were no bids from any other entity to purchase the B’nai Brith-sponsored senior living facility located in Mt. Lebanon.
Under the terms of the purchase agreement, Concordia will not be required to refund any of the residents’ entrance fee deposits, meaning a loss of hundreds of thousands of dollars to each resident.
Read the full story in next week’s Jewish Chronicle.
(Toby Tabchnick can be reached at firstname.lastname@example.org)