Nursing Home LDC meets Thursday for first time since February
ALBION – The three-person local development corporation that was formed to sell the county-owned nursing home will meet Thursday for the first time since Feb. 6, the day the nursing home was sold to Comprehensive Healthcare Management Services LLC for $7.8 million.
The sale isn’t final until the state Department of Health gives the final OK. That is expected before Dec. 31, said Russell Martino, chairman of the Orleans County Health Facilities Corporation.
The County Legislature voted in 2012 to transfer the nursing home, The Villages of Orleans, to the Health Facilities Corporation. That group then worked with a firm, Marcus and Millichap’s National Senior Housing Group in Chicago, that specializes in nursing home sales.
The LDC board of Russell Martino, Richard DeCarlo Sr. and Richard Moy on Feb. 6 accepted the $7.8 million bid from of Comprehensive Healthcare Management Services LLC. That company also recently purchased three Catholic Health facilities in Buffalo.
The $7.8 million will more than offset the remaining debt following a renovation of the nursing home about five years ago. County officials also say the sale will relieve the county from taxpayer subsidies for the operating deficits at the site, deficits officials feared would grow to $2 million or more annually.
The public meeting Thursday will be at the at Health Department’s building, 14012 Route 31 West. The meeting starts at 1:30 p.m.
“This is just to catch up on where we are,” Martino said about the meeting.