The Motion Picture & Television Fund nursing home in Woodland Hills is slated for a comeback. Like a well-plotted twist at the end of Act III, MPTF will immediately begin admitting residents to the famous nursing home after a controversial 2009 decision to close the facility.
Accused of failing in its charitable responsibility to care for aging entertainment industry workers, residents and families hired legal representation to block evictions as they rolled out a three-year public campaign against the MPTF, explains the L.A. Times.
Board members at the time claimed the fund was approaching bankruptcy and had no choice but to close operations.
Under new management led by former Panavision Chief Executive Bob Beitcher, the nursing home has consolidated operations and its finances have improved enough to begin admitting new residents, officials announced Wednesday.
"I would give Bob Beitcher and his management team really a lot of credit for coming in and getting our house back in order, which it needed,'' said Jeffrey Katzenberg, chief executive of DreamWorks Animation and MPTF Chairman. "The results of it are that we can very comfortably expand our capacity."
More than 130 residents lived at the nursing home in January 2009. Today, only 29 of those residents remain. The fund will initially look to add 40 beds with priority given to relocated former residents.
A deal with Kindred Healthcare Inc. to invest $10 million has been delayed, however Katzenberg and other backers believe this annoucement will go a long way to help raise charitable contributions at annual fundraising event held on the eve of the Academy Awards.
And the winner is... old people.