Posted inAging

State regulators step in to supervise Aldersgate’s financial operations, saying the retirement community is ‘financially hazardous’

By Cristina Bolling State officials have stepped in to oversee the financial operations of Aldersgate, the retirement community in east Charlotte, saying that the facility is “insolvent or in imminent danger of becoming insolvent.” The N.C. Department of Insurance, which examines the finances of continuing care retirement homes, has been scrutinizing Aldersgate for months, as the non-profit has […]