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. Tampa is 15th-most popular city to move to with U-Haul


    TAMPA —Tampa is undoubtedly a destination point, at least according to U-Haul.

    Tampa is the No. 15 destination for people moving with U-Haul trucks. | Times file photo
  2. Florida's economy growing faster than other big states and far better than U.S. overall


    When it comes to economic growth, Florida's running alongside the leading states and well ahead of the United States as a whole.

  3. Westshore Marina District project takes shape with another acquisition

    Real Estate

    TAMPA — One of Tampa Bay's prime waterfront areas took another major step toward redevelopment Friday as WCI Communities bought 2.35 acres in Westshore Marina District.

    WCI Communities, Lennar's high-end subsidiary,has paid $2.5 million for 2.35 acres in the Westshore Marina District for 35 townhomes. WCI is under contract  to buy an additional 9.5 acres.
[BTI Partners]
  4. Posh Guy Harvey RV park to open in Tampa Bay with $250,000 cottages


    HOLIDAY — Love those Guy Harvey T-shirts with the soaring marlins? In the not too distant future, you might be able to kick back in your own Guy Harvey cottage in the first-ever Guy Harvey RV park.

    Renderings of the clubhouse and an RV cottage site of the planned Guy Harvey Outpost Club & Resort Tarpon Springs.
[Guy Harvey Outpost Collection]
  5. Port Tampa Bay secures $9 million grant to deepen Big Bend Channel


    Port Tampa Bay has secured a $9 million grant from the U.S. Army Corps of Engineers for the widening and deepening of the Big Bend Channel in southern Hillsborough County.