Banking & Finance  March 10, 2023

Columbine, North Shore shareholders air dispute in bankruptcy court

LOVELAND — An ownership group for North Shore Manor in Loveland has filed for Chapter 11 bankruptcy protection and claims in its petition that a co-owner and his management company improperly forced the financial distress that caused the action.

Its claims were deemed serious enough to prompt an expedited hearing at which a request for emergency court orders were considered and laid over until another hearing Thursday next week.

The case, at least as described by those filing the action, pulls back the curtain on one of the largest nursing-home and assisted-living operators in the region — Columbine Health Systems, its owner…

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Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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