Nearly Four Decades of Federal Regulatory Compliance
Healthcare facilities and government oversight
For 40 year, LM Developments has owned and operated critical healthcare facilities under continuous oversight by U.S. federal, New York State, and New York City authorities — meeting the standards required to maintain government trust, year after year.
A Relationship Built on Four Decades of Government Trust
Operating a nursing home in New York is not simply a business decision — it is a privilege granted by government, maintained through continuous scrutiny, and renewed only by those who meet the highest standards of care and financial integrity.
Before any facility opens its doors, the State of New York conducts an exhaustive review of the ownership group under its Certificate of Need process — examining finances, character, operational history, and long-term viability. This is not a formality. New York State rejects applicants. It scrutinizes ownership changes. It does not extend this privilege lightly.
LM Developments first earned that approval in 1987. It has held it, without interruption, ever since.
Across six facilities and 1,200 licensed beds, our operations are subject to continuous oversight by the Centers for Medicare & Medicaid Services, the New York State Department of Health, and New York City authorities. Our facilities are inspected regularly, rated publicly, and reimbursed directly by the U.S. federal government and the State of New York — making the United States government the primary financial partner in our healthcare operations. When the government pays, it does not pay carelessly. It pays organizations it has vetted, approved, and chosen to trust.
The consequence of failing to meet these standards is severe and immediate: loss of licensure, decertification from Medicare and Medicaid, and in extreme cases, state receivership. Across New York, operators who fall short lose their facilities. In nearly four decades of continuous operation, LM Developments has never faced such an action. That record — inspected, re-approved, and re-funded year after year by federal and state authorities — is among the strongest institutional endorsements available to any private organization in America.
This is not a family that operates alongside government. It is a family that government has chosen, repeatedly, to rely upon.