Charter Medical Management Co. v. Ware Manor, Inc.

Carley, Judge.

In December 1974, Ware Manor, Inc. (“Ware Manor”), a nursing home corporation, entered into an agreement with Charter Medical Management Company (“Charter”) whereby Charter would manage a nursing home facility which, at the time of the agreement, was under construction. In May of 1975, pursuant to the agreement of the parties, the facility opened and began operation under Charter’s management. From May 1975 through February 1976 the facility failed to make a profit and, in fact, showed a loss of $76,263.00. As a result of these losses, Ware Manor decided to terminate the…