Judge OKs Fortress NBAs Bid to Buy National Benexolents Senior Facilities

Shields, Yvette
December 2004
Bond Buyer;12/3/2004, Vol. 350 Issue 32022, p31
Trade Publication
Reports on the approval of Fortress NBA Acquisition LLC's multi-million dollar bid to purchase National Benevolent Association's senior living facilities in Chicago, Illinois. Impact of the sale on the payment of defaulted bonds next year; Consent given for an asset purchase agreement with Fortress NBA; Impact of regulatory and governmental approval on the transfer of charitable assets and their licenses.


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