Board talks finances, marketing of nursing home

Local News

CHAMPAIGN COUNTY, Ill. (WCIA) — The nursing home may be going on the market soon, but the county board learned, if things don’t change, it’ll be a tough sell.

The home almost couldn’t afford to send out paychecks this month. That crisis was narrowly averted when some money from receipts came in. But that situation is one the home’s broker says could really hurt the sale if it ends up happening down the line.

Tuesday night, a representative from the brokerage firm spoke to the county board. He says the home is in a negative position as far as public opinion goes, thanks to the news reports people have read, seen and heard about the home’s situation. The board agreed they need to work on improving it.

County Administrator Rick Snider says he’s confident there’s a market for the nursing home. The lone public speaker expressed doubts. 

“The constant negative pounding of this is putting the county in a really precarious situation. You guys were thinking that you might get, I don’t recall the exact number that you were thinking this nursing home was worth, $12 million? There is no way we’re going to get that.”

“I think that there is a ready market for skilled nursing homes,” says County Administrator Rick Snider, “skilled nursing facilities like ours. Part of the challenge will be to find the right company to come in. We certainly want whatever company to come in as a potential buyer to come in to be successful, if we actually go through with the transaction.”

The home’s new manager, SAK Management Services, took over July 1. Representatives also spoke at the study session. They’ve been reviewing the home’s contracts with vendors, and say some of the outside contractors were billing them unnecessarily high rates. SAK told the board the previous manager could have been saving money all along.

SAK says, if things go well, in 6 or 7 months, the home will start to see changes to its bottom line. 

Getting home on the market isn’t the only challenge. Right now the home sits on county property, on the same parcel as the Brookens Center. If the home does get sold, it would have to be divided.

Currently, the home doesn’t directly touch a public road. If and when it sits on private property, that would also have to change. 

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