Mr. Borsody is a co-founder and managing member of Premier Senior Living, with his business partner Wayne Kaplan. Mr. Borsody heads up the company’s financial and acquisition operations and directs the Finance Department in managing the financial operations of the company’s properties, including required reporting to lenders, investors, and debt guarantors (including HUD) to insure adequate and timely payment of debt service, returns to investors and compliance with all covenants. Mr. Borsody also sources and assesses additional acquisitions for the company. For the properties currently owned by Premier as well as those under consideration for acquisition, Mr. Borsody supervises the preparation of all appropriate and necessary legal documents, identifies and negotiates appropriate terms and conditions with and concludes all necessary agreements with financing sources. Mr. Borsody also heads up the due diligence review prior to any acquisition.
He was an owner and officer of Valley View House, a 200-bed substance abuse rehabilitation facility located in the Catskills region of New York. This business was financed by a $3.7 million private placement and was licensed by the New York State Division of Alcoholism and Alcohol Abuse.
Prior to co-founding Premier Senior Living, Mr. Borsody was counsel to the firm Phillips Nizer, LLP in its New York City office. His specialty was health law representing health care providers of all types in dealing with the regulatory aspects of health care as well as the legal and business affairs of health care providers. This includes corporate, banking, securities and commercial law, public underwritings and private placements, reimbursement matters, certificate of need issues, licensing, corporate reorganizations, joint ventures, antitrust, and the other business and commercial areas relating to health care providers. He started his legal career with the Wall Street law firm of Sullivan & Cromwell and founded the largest health law firm in the country in 1978, which was then named Epstein Becker Borsody and Green.
Mr. Borsody’s public service positions have included the New York State Council on Health Care Financing (N.Y.S. Assembly Speaker appointee) from 1978 to present; the New York Statewide Health Coordinating Council (N.Y.S. Governor appointee); member of the Advisory Panel on Regulation and Competition in the Health Care Industry to the U.S. Senate Subcommittee on Health and the U.S. Senate Subcommittee on Antitrust; and as an Elected District Leader of the 64th Assembly District, Part B (Chelsea, Manhattan), among other positions.
He is currently on the Board of Directors of the Mental Health Association of New York City, and has held memberships on the following boards: Board of Directors of the New York Business Group on Health (Chairman of the Board from 1984 to 1987); Board of Directors – Health Law Project, Philadelphia, Pennsylvania (a federally funded national health law reform program); and the Board of Trustees of the Dominican Sisters Family Health Services, Inc. Mr. Borsody was an Adjunct Professor in health law at the Pace University Law School from 1987 to 1989, and was an Instructor of Health Law at Manhattan College in Riverdale, New York.
