This doesn't bode well. About the best anyone could say is it was better than no bids at all. Nursing Home gets a single minimum bid... from the N-G today:
Champaign County Nursing Home: Sole bid is for the minimumSo what's next?
"Champaign County received only one proposal Wednesday in response to its request for proposals to buy the Champaign County Nursing Home.
"The proposal was submitted jointly by Extended Care Clinical LLC and Altitude Health Services Inc., both headquartered in Evanston.
"The proposed purchase price is $11 million — the minimum set by the county board in its request — and the proposal included a certified check for $250,000 payable to Champaign County as an earnest money deposit."
The committee appointed to evaluate proposals for the purchase of the nursing home will meet March 12 to begin reviewing the Extended Care/ Altitude proposal.
A timeline set earlier said that a qualified bidder could be selected by May 15 and that the county board could approve a purchase agreement by May 24, although both dates are subject to revision by the county board... Any sale would require at least 15 votes by the 22-member board.
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