Essex County, Bronx-based organization sign nursing home contract
ELIZABETHTOWN – A contract of sale for the Horace Nye Nursing Home has been signed.
Essex County Attorney Dan Manning told the Enterprise Tuesday that the contract was signed recently by both the county and the Centers for Specialty Care, a Bronx-based organization that operates nursing homes and rehabilitation centers across the state and in New Jersey. The county is selling Horace Nye to the group for about $4.05 million.
“The contract is for the purchase of the real estate and the building,” Manning said. “That sets the blueprint for what has to be done for the sale.”
Jay town Supervisor Randy Douglas, chairman of the county’s Board of Supervisors, said he’s thankful that the contract has been signed.
“There was some worry in the last couple months that it seemed like it was dragging on a little bit, going back and forth with requests on both sides,” he said.
A separate contract that covers other assets like licensing and equipment still needs to be completed, Manning said.
Centers for Specialty Care has made a down payment on Horace Nye, although Manning declined to reveal how much the group paid since the overall purchase has not been finalized.
Now that the contract is signed, Centers for Specialty Care must obtain a “Certificate of Need” from the state Department of Health.
“They’re in the process of doing that right now,” Manning said.
So when will the nursing home become privately operated? Manning said it’s tough to say. It could take the state up to a year to grant the Certificate of Need.
“All I can say is we’re working on all aspects of the sale,” he said. “I don’t want to give a real time frame.
“The buyers are physically examining the building and the facilities,” Manning added. “They’re actually doing what’s called a Phase Two Environmental Review to see if there are any problems environmentally with the building.”
The county is also conducting a survey of the nursing home’s property so boundaries lines can be determined.
Manning said the county is putting together a real estate title for the sale.
Centers for Specialty Care recently signed a $2.4 million contract with Washington County to buy the Pleasant Valley Nursing Home in Argyle. The group also operates the Fulton Center for Rehabilitation and Healthcare in Gloversville.