THE JEWISH HOME AND HEALTHCARE CENTER (THE "HOME") WAS FORMED TO PROVIDE SKILLED NURSING CARE TO THE ELDERLY IN NEW JERSEY. THE HOME OPERATED A 255 BED SKILLED NUSING FACILITY FROM ITS INCEPTION THROUGH FEBRUARY 2007. DUE TO SIGNIFICANT, CONTINUING OPERATING LOSSES, IN MARCH 2007 THE HOME ENTERED INTO AN AGREEMENT WITH REGENCY HERITAGE AND NURSING REHABILITATION CENTER, LLC ('REGENCY'), AN UNRELAT…