The Arizona company that owns vacant, unfinished senior-housing complexes in Creswell and Roseburg has filed for bankruptcy.
The filing temporarily shields the company, Inspired Healthcare Capital, from roughly $2 million worth of claims by about a dozen contractors for their work on the two Oregon projects. More importantly, from the company’s perspective, it also protects Inspired Healthcare from claims by investors around the country who say they were duped into funding the firm’s memory-care and assisted-living projects.
Inspired Healthcare, with a nationwide network of senior-housing complexes, last year became overwhelmed by financial shortfalls and legal claims, news reports show. In the meltdown, the company stopped paying contractors at the two Oregon work sites. Workers walked away, leaving the floors of the Creswell complex strewn with construction materials…