The Nursing Home sale is fraught with with bureaucratic hurdles that could make the deal fall apart at almost any given step of the process. The News-Gazette lays out some of those hurdles today:
Potential sale of nursing home shaping up to be long, bumpy roadMore details and statements from County Board members at the full article here.
Today, a special county committee assessing the sole offer to buy the Champaign County Nursing Home is scheduled to tour three of the bidder's Chicago-area homes and ask questions of residents, staff and administrators.
But it's clear from the debate at a meeting Monday night that not everyone on the nine-member panel is eager to sell the property, despite its financial problems and the $11 million offer from Extended Care Clinical and Altitude Health Services, both of Evanston, to buy the nursing home in east Urbana.
And county officials say they need a strong consensus from the review panel in order to persuade the county board, which could decide to sell the home as soon as next month.
But even that wouldn't be the last word, members of the special evaluation committee learned Monday night.
"Even if you recommend to sell, and it goes to the county board, and the county board votes to sell the nursing home," said Van Anderson, special project administrator for the county, "that starts a due-diligence period. In that due-diligence period, if (the bidders) find $150,000 of repairs that need to be made in a six-month time frame, just that amount, they can pull out and get all their money back.
"Even if the county board votes for selling this, we're not home free. There's still a due-diligence period. And they have to be licensed by the (state public health department) before there's a closing on that home. So we're not out of the woods."
The county's timetable calls for a recommendation from the evaluation committee on April 25 and a vote by the county board — which would require at least 15 "yes" votes from the 22-member board — on May 24.
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