Make us your home page

Florida officials move to suspend Tampa's University Village retirement home

TAMPA — The University Village retirement home may no longer be able to take on new residents after receiving two initial orders of suspension issued Tuesday by the Florida Office of Insurance Regulation.

The home is accused of filing false information, failing to pay more than $4 million in refunds to residents, taking on new residents while being "financially insolvent" and conducting business in a fraudulent or dishonest manner, according to the agency.

The retirement home has 21 days to appeal both suspension orders. If the home choose not to appeal, or loses its appeals, it will no longer be allowed to house new residents. The home will, however, be obligated to honor the contracts of existing residents, said agency spokeswoman Amy Bogner.

The first suspension order says new owner IMH Healthcare, LLC acquired the home illegally. As a new general partner, according to the state, IMH did not have the insurance office's approval to operate as a licensed Continuing Care Retirement Community in Florida.

The second order alleges University Village violated several Florida Insurance Code provisions, such as failing to refund owed money to residents.

University Village has been operating as a continuing care retirement community since 1987, the state said.

Florida officials move to suspend Tampa's University Village retirement home 03/16/16 [Last modified: Wednesday, March 16, 2016 6:23pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. Trigaux: Look to new Inc. 5000 rankings for Tampa Bay's future heavyweights


    There's a whole lotta fast-growing private companies here in Tampa Bay. Odds are good you have not heard of most of them.


    Kyle Taylor, CEO and founder of The Penny Hoarder, fills a glass for his employees this past Wednesday as the young St. Petersburg personal advice business celebrates its landing at No. 25 on the 2017 Inc. 5000 list of the fastest growing private companies in the country. Taylor, still in his 20s, wins kudos from executive editor Alexis Grant for keeping the firm's culture innovative. The business ranked No. 32 last year. [DIRK SHADD   |   Times]
  2. Ford's Garage opens new Westchase spot


    Ford's Garage opened its sixth Florida location in Westchase this week.

    hillsevbiz081817: Ford's Garage opened its sixth Florida location in Westchase this week. Photo courtesy of Ford's Garage
  3. Carls Patio celebrates great outdoor furnishings in Carrollwood


    CARROLLWOOD — While many northerners are shoveling snow, Floridians are lounging poolside in the middle of winter.

    hillsevbiz081817: After selling outdoor and patio furniture in locations in South Florida since 1993, Carls Patio has opened its first store to open in the Tampa Bay area and there are plans for more. Photo courtesy of Carls Patio.
  4. Massage therapist opens South Tampa office


    As a social worker in the early '90s, a majority of Tracy Jones' cases were people dealing with depression.

    Tracy Jones recently opened Tampa Bay Sports and Medical Massage in South Tampa. Photo courtesy of Tracy Jones.
  5. Stadium area Chick-fil-A location will open Aug. 31


    While active in the Air Force, New York City native, Carlos Brito often traveled to Tampa for work.

    Chick-fil-A Tampa Stadium celebrates its' grand opening on Aug. 31. Photo courtesy of Carlos Brito.