Bruce Lunsford criticized Greg Fischer, his chief rival in the May 20 Democratic primary election for the U.S. Senate, Monday for filing his personal financial disclosure with the Senate Ethics Committee 11 days after the deadline.
Lunsford also noted in a news release that Fischer’s report showed he has investments in five publicly traded funds which invest in either Ventas or Kindred -- both corporate descendants of Vencor.
Fischer has attacked Luncord for his management of Vencor.
“Greg Fischer has gone against the will of Kentucky’s voters and Democratic leaders by taking a page out of Mitch McConnell’s playbook, slinging mud at his fellow Democrat Bruce Lunsford rather than focusing on what he would do as senator to improve the lives of Kentucky families,” Lunsford spokesperson Allison Haley said in a statement.
“The fact that all the while, Fischer has investments in the very companies he claims Bruce ran into the ground makes Fischer’s actions the ultimate hypocrisy,” Haley said.
McConnell, a Republican, now holds the U.S. Senate seat up for election.
Senate ethics rules require all candidates in the Kentucky Democratic primary for U.S. Senate to submit their disclosure forms to the Senate Ethic Committee 30 days before the election.
Fischer didn’t sign his form until more than a week after the deadline and then took an additional three days to send it in, Lunsford’s campaign said.
Fischer’s form shows his investment portfolio includes public funds that have a combined total investment of over $26 million in Ventas and Kindred.
Haley said Lunsford’s form was filed on time and in full compliance with Senate rules.
UPDATED AT 6 p.m.: Ken Shapero, a spokesman for the Fischer campaign, said Fischer's disclosure form was filed late because of "a clerical error."
He also said Fischer has several mutual funds that have investments in various businesses.
"Greg has no direct investments in Ventas and Kindred," Shapero said. "And, anyway, we never talked about them. Our talk was on Vencor."
Lunsford was a co-founder of Vencor, a multi-million dollar health care corporation that declared reorganization in 1999. In 1998, some of Vencor's nursing homes began turning away Medicaid patients to make room for private-pay patients. It created a stir.
Lunsford said he did not know that staff members at the nursing home were evicting poor patients. He apologized, and he flew to Florida, where one of the publicized evictions was taking place. Eventually those patients -- fewer than 100, according to Lunsford's campaign staff last year -- were invited to return. The company paid a $270,000 fine in Florida.
--Jack Brammer
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