General Questions
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I don’t have the time to join the Ad Hoc Community but I want to help. What can I do? Do you accept donations?
One quick and easy way to help the effort to stop the sale and to Save Keiro is by donating money to help offset the costs that the Ad Hoc Committee to Save Keiro has been incurring.
Your donation is tax-deductible. Please CLICK HERE for more details.
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What KEIRO BOARD Says and the Facts are Completely Different!!!
Please Click Each Keiro Statement to Get the Fact:
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KEIRO BOARD: Changing demographics and a lower Nikkei participation (Sansei and Yonsei) in Keiro will significantly reduce the need for a Japanese retirement and nursing care facility.
FACT: The population in Keiro has already been changing to predominantly Japanese speaking Shin-Issei, not Nikkei. There are more than 127,000,000 Japanese and about 800,000 Japanese expatriates who live in the United States. Isn’t this the market for Keiro residents, not non-Japanese-speaking Nikkei?
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KEIRO BOARD: The negative financial impact of Affordable Care Act will continue to reduce revenue to Keiro, making future operations financially impossible.
FACT: Keiro is financially healthy and is not on the verge of bankruptcy. Retirement Home residents pay rent and do not receive Medi-Cal or Medicare reimbursements; only nursing home residents receive government health care subsidies.
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KEIRO BOARD: $41 million is a great price.
FACT: $41 million is an undervaluation, based on outdated appraisal reports, dated October, 2013, submitted to the Attorney General more than 18 months later, and does not achieve the highest possible value.
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KEIRO BOARD: The Attorney General’s office won’t provide more than 5 years of protection for residents.
FACT: Keiro did not negotiate for more than five years to protect the residents.
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KEIRO BOARD: Keiro sought other locations in the South Bay and Orange County but couldn’t find any.
FACT: What locations? When? Was their board authorized to seek other locations? Where is this reflected in the Keiro Board minutes?
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KEIRO BOARD: The net sales proceeds of $37 million will go into a protected endowment and only the interest will be used to promote “Genki Living” programs.
FACT: Did Keiro ask donors and supporters for permission to sell? What about donor intent and Keiro’s legal responsibilities of notifying donors for permission to change the use of the funds? Who will control the funds? Why are no funds set aside to help the Keiro residents with future medical care costs or relocation?
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KEIRO BOARD: Keiro fully-informed the community of the intent to sell.
FACT: Did Keiro fully-disclose the facts to the community? Why did Keiro waive the public hearing offered by the Attorney General’s office? Why did it withhold the deal terms from the community until after the Attorney General issued it’s conditional approval?
AFTER YOU REVIEW THE FACTS, YOU CAN ONLY COME TO ONE CONCLUSION:
THERE IS NO FINANCIAL REASON TO SELL KEIRO AND ABANDON OUR SENIORS!!!
SAVE KEIRO!!! Sign the Petition – CLICK HERE