Bob Borsody is a co-founder and managing member of Premier Senior Living, with his business partner Wayne Kaplan.
Bob 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. Bob also sources and assesses additional acquisitions for the company. For the properties currently owned by Premier as well as those under consideration for acquisition, Bob 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. Bob also heads up the due diligence review prior to any acquisition.
Prior to co-founding Premier Senior Living, Bob was counsel to the firm Phillips Nizer, LLP in its New York City office. His specialty was health law. 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.
Bob’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.
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.
Bob received his Law Degree from the University of Virginia Law School and also received his undergraduate degree in Electrical Engineering from the University of Virginia.