Concordia gets go-ahead
by Toby Tabachnick
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<i>Covenant of South Hills: Buy-out approved</i>
Covenant of South Hills: Buy-out approved
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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 tobyt@thejewishchronicle.net)
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