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Thursday, August 14, 2014

Ind. Gov't. - "Rep. Turner nursing-home company sold in $2.3 billion deal"

Tom LoBianco of the AP reports today:

INDIANAPOLIS – A company that was part of an ethics investigation into a top Republican lawmaker is being sold to an Ohio company as part of a $2.3 billion deal.

The Indianapolis Business Journal reported HealthLease Properties is being sold for $950 million to Ohio’s Health Care REIT. HealthLease is part of a business model that House Speaker Pro Tem Eric Turner battled to protect during the 2014 legislative session.

The Ohio company also agreed to buy 45 nursing home projects from Turner’s family company for $1.4 billion when they are completed.

Indiana’s House Ethics Committee determined that Turner didn’t violate any ethics rules when he lobbied privately to kill a proposed ban on nursing home construction. But the panel also said Turner’s actions merited a review of those rules.

Posted by Marcia Oddi on August 14, 2014 11:04 AM
Posted to Indiana Government