Court: BWC Dividends Weren't Assets Included in Operations Transfer Agreement

An Ohio appellate court ruled that the Bureau of Workers’ Compensation policyholder dividends disbursed to the operator of a group of nursing homes were excluded assets under the terms of a transfer agreement between the company and its successor. Case: Cambridge Health Leasing LLC v. Embassy Cambridge LLC, No. 114523, 09/11/2025, published. Facts: In February 2020, Cambridge Health Leasing LLC and Embassy Cambridge LLC entered into an operations transfer agreement under which Embassy was to assume the operation of six skilled nursing facilities previously leased by Cambridge.&nbs...