Shlomo Rechnitz

Shlomo Yehuda Rechnitz (born July 29, 1971) is an American businessman, philanthropist, and composer. He is the founder of TwinMed and owner of Brius Healthcare Services. He lives in the State of California.

Shlomo Rechnitz
Born (1971-07-29) July 29, 1971
Los Angeles, California
NationalityAmerican
OccupationOwner of TwinMed LLC and Brius Healthcare Services
Known forBusiness

Early life and education

Shlomo Rechnitz was born on July 29, 1971 in Los Angeles, California,[1] attended high school at the Mesivta of Long Beach, New York and then went to the Mir Yeshiva in Israel.[2]

Career

In 1998, Rechnitz incorporated TwinMed in Los Angeles with his twin brother, Steve Rechnitz.[3] Based in Santa Fe Springs, California. TwinMed distributes medical supplies to nursing homes and hospitals in the United States from warehouses in California, Texas, Illinois, Ohio, Florida and New Jersey.[4] In 2006, Rechnitz bought his first nursing home in Gardena, California.[5] Rechnitz is also the owner of Brius Healthcare Services,[6] the largest nursing home provider in California.[5] Rechnitz runs over 80 facilities in California.[7]

In 2014, 23 nursing homes owned by Rechnitz received a total of 50 serious deficiencies graded G or higher by the federal government,[8] nearly triple the state average, according to a Sacramento Bee investigation.[7] In October 2015 the FBI raided one of his facilities, the Alta Vista Healthcare & Wellness Centre, in Riverside, California, "seeking evidence in relation to alleged criminal activity."[7]

In 2015, one of the Humboldt County nursing homes owned by Brius paid $42,000 for administrative services to Boardwalk Financial Services to which Rechnitz is a consultant; and slightly over $47,000 to SR Capital LLC where Rechnitz is a managing member. The same home paid nearly $900,000 to lease the facility from Rechnitz as well as paying over $110,000 to TwinMed Medical Supplies and Services owned by Steve and Shlomo Rechnitz. According to the 2014–2015 state filings, over $4.6 million was paid to companies associated with Rechnitz, including more than $3.5 million in lease payments on the five Humboldt County properties. This all occurred at the same time as the company was trying to close the nursing homes claiming a loss of nearly $1.5 million.[9]

In March 2016, The Forward and the Jewish Telegraphic Agency reported on rumors that he was one of the purchasers of the website Failedmessiah.com.[10][11]

In November 2016, State Senator Mike McGuire said that threats to close Humboldt County, California nursing homes were due to a manufactured crisis and "extortion." McGuire said that the threats were meant to force the state to negotiate a higher rate of return due to alleged losses blamed on a staffing crises and real estate lease agreements paid to Rechnitz's companies.[12]

Philanthropy and community work

Rechnitz oversees the Shlomo & Tamar Rechnitz Charitable Foundation which distributes funds to over 1,100 institutions yearly. He is known in the Los Angeles area for opening his home every Saturday night to listen to the needy and hand out charity.[13] Rechnitz donated $5 million to support the Mir Yeshiva.[14][15]

Rechnitz has composed, recorded and released three albums, which go by the names Shir, Shir 2, and Matana Tova, featuring a variety of notable Jewish singers. The singers appeared pro bono and proceeds from album sales supported charities, including Keren Hashviis' mission to assist shmita-observant farmers.[16][17][18]

In December 2011, Rechnitz purchased a creditor's note against Chabad of California's headquarters in Westwood for $2.35 million in order to help the organization avoid foreclosure.[14] After Hurricane Sandy, Rechnitz said he gave $1 million to aid in the rebuilding of Orthodox Jewish day schools and to assist the families whose children attend those schools.[14]

In 2012 Rechnitz heard about Diane Aulger, a mother-of-five in North Texas that had her labor induced a few weeks early so that her husband could meet their daughter before he died from pulmonary fibrosis. Upon hearing the story, Rechnitz personally phoned Augler himself and sent her $20,000.[14][19] In the autumn of 2014 Shlomo pledged $2.5 million to the Lakewood Cheder School's building campaign.[20]

In June 2015, Rechnitz donated $250,000 to restore the Mount Zion Cemetery in East Los Angeles.[21]

In November 2015, while on a layover in Shannon Airport in Dublin, Ireland, Rechnitz purchased hot meals for 400 US troops when he saw they were sitting on the floor eating lunches out of paper bags while other passengers dined at airport restaurants. He expressed his appreciation for their service and gave them each $50 ($20,000 total), telling them he'd take it off his taxes.[22]

In January 2016 it was reported that Rechnitz had purchased 18,000 Powerball tickets for his employees, and that one of his employees had received a winning ticket. While he did indeed buy and distribute 18,000 tickets, the employee had been tricked by her son into thinking she had won. Rechnitz then offered the family a paid vacation.[23]

Honors and awards

Shlomo Rechnitz is the President of Torath Emeth and he is the first chairman of the board for the Chofetz Chaim Heritage Foundation.[24] On August 1, 2012 Rechnitz was honored as the master of ceremonies of the 12th Siyum HaShas event at the MetLife Stadium in New Jersey. The event attracted more than 90,000 people and celebrated the conclusion of the 7 12-year learning cycle of the Babylonian Talmud.[25][26]

Personal life

Shlomo Rechnitz and his wife Tamar (née Belsky, daughter of Rabbi Yisroel Belsky)[27] live in Los Angeles, California, with their six children.[28]

References

  1. "Shlomo Rechnitz: Properties & Businesses owned by Shlomo Rechnitz". The Frum Deal. July 23, 2014. Retrieved December 29, 2016.
  2. Media, JNi. "Rechnitz: I help Lakewood Institutions I Know Would Never Accept my Own Children". Jewish Press. Retrieved March 8, 2016.
  3. "TwinMed, LLC: Private Company Information – Businessweek". Bloomberg BusinessWeek. Retrieved November 28, 2015.
  4. "TwinMed, LLC: Private Company Information".
  5. Lundstrom, Marjie; Reese, Phillip (June 13, 2015). "California's largest nursing home owner under fire from government regulators". The Sacramento Bee. Retrieved November 13, 2015. He started out in 1998 selling latex gloves and adult diapers alongside his twin brother, Steve, but branched out on his own to buy his first nursing home in Gardena in 2006.
  6. "Shlomo Rechnitz". Brius Health. Retrieved January 24, 2017.
  7. Lundstrum, Marjie. "FBI raids Riverside nursing home". Sacramento Bee. Retrieved January 15, 2016.
  8. Lundstrom, Marjie (June 13, 2015). "Nine stories from Rechnitz's California nursing homes". Sacramento Bee. Retrieved December 29, 2016.
  9. Stansberry, Linda (October 13, 2016). "The Case of the Missing $5 Million Who is profiting off the skilled nursing monopoly, and why it feels 'like we're being extorted'". The North Coast Journal. Retrieved December 29, 2016.
  10. Nathan-Kazis, Josh. "Do Buyers Plan To Silence FailedMessiah.com?". The Forward. Retrieved March 8, 2016.
  11. Cohen, Debra Nussbaum. "Founder of Orthodox muckraker blog Failed Messiah sells – but did he sell out?". Jewish Telegraphic Agency. Retrieved March 14, 2016.
  12. Stansberry, Linda (November 10, 2016). "Brius Rescinds Cancellation of Partnership Contract, Halts Closure of Two Skilled Nursing Facilities". The North Coast Journal. Retrieved December 29, 2016.
  13. Suissa, David (December 22, 2011). "On the Money". The Jewish Journal. Retrieved December 29, 2016.
  14. Lowenfeld, Jonah (April 24, 2013). "Doheny Meats Buyer Shlomo Rechnitz on Business Philanthropy". The Jewish Journal. Retrieved December 29, 2016.
  15. "Donor Pulls Through for Chabad".
  16. "Shlomo Yehuda Rechnitz Releases Album To Raise Funds For Keren Hashviis "SHIR" | Jewish Insights". www.thejewishinsights.com. Retrieved November 28, 2015.
  17. https://mostlymusic.com/collections/shlomo-yehuda-rechnitz/products/all-star-rechnitz-shir-2
  18. https://yehudasjewishmusicblog.blogspot.com/2018/01/matana-tova-new-album-by-r-shlomo.html
  19. "Shlomo Rechnitz Donates to Devastated Family in North Texas". Working to Give.
  20. "Reb Shlomo Yehuda Rechnitz Dedicates The New Vassar Avenue Building of the Lakewood Cheder".
  21. "Local Entrepreneur Donates $250K To Repair Abandoned East LA Jewish Cemetery". CBSlocal.com. June 5, 2013. Retrieved August 10, 2015.
  22. "Man Shows Gratitude for 400 U.S. Troops at Airport by Buying Them All Dinner". FOX News Insider. December 6, 2015. Retrieved March 27, 2017.
  23. "Pomona nurse pranked by son, was not Chino Hills Powerball jackpot winner". ABC7 Los Angeles. Retrieved January 24, 2016.
  24. "Shlomo Yehudah Rechnitz Named Chairman of the Board of CCHF". The Online Voice of Torah Jewry.
  25. "My Machberes: Daf Yomi Siyum HaShas". The Jewish Press.
  26. "Tens of Thousands Celebrate Historic Siyum HaShas". The Jewish Press.
  27. Blum, Shimmy (April 9, 2013). "You Can't Build Up If You're Looking Down". Mishpacha Jewish Family Weekly. Retrieved November 13, 2015.
  28. "Shlomo Rechnitz – Biography – Founder of TwinMed, Brius Healthcare Services and LLC". hubmesh.com. Retrieved March 27, 2017.
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