By Mark Hemingway, RealClearInvestigations
February 17, 2020
FBI agents last month raided the home of the CEO of a bankrupt hospital chain and one of its hospitals in Pennsylvania in new signs of trouble for a company central to accusations of influence-peddling by James Biden, brother of former Vice President Joe Biden.
The federal investigation was disclosed in documents filed this month by the acting U.S. trustee overseeing the bankruptcy case of Florida-based Americore Holdings, which is in the business of acquiring and managing rural hospitals.
The filing in Kentucky by the federal trustee, Paul A. Randolph, seeks the appointment of a trustee specifically to oversee the bankruptcy case, or otherwise the dismissal of the firm’s filing for Chapter 11 bankruptcy protection from creditors. It said the company's CEO, Grant White, had “grossly mismanaged†his business; “has not operated the hospitals in a manner that is consistent with public safetyâ€; and “improperly siphoned money from the Debtors for his personal benefit.â€
The firm declared bankruptcy in December. On Jan. 29, the court documents say, the FBI raided White’s home at a location unspecified and, the next day, one of its hospitals, Ellwood City Medical Center in Pennsylvania. A week later a Kentucky court granted a motion to remove White as CEO.
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