Losses at nursing home could make it tough to find buyer
ELIZABETHTOWN — The Horace Nye Nursing Home is projected to cost Essex County $1.8 million more this year than it will generate in revenue. The only bidder to manage the home says that deficit would make it difficult to find a buyer. When asked why his company only put in a bid to manage the home in Elizabethtown and not to buy it, Adam Garff, vice president of development for Traditions Management, said Horace Nye is a “challenging building” and it would be hard to find anyone to buy the nursing home “with the extent of the losses you’re seeing now.” The Clearwater, Fla.-based company was the only one to answer a recent request for proposals (RFP) the county put out to see if anyone was interested in buying or running the nursing home. Traditions offered to manage it in return for 5 percent of its gross revenue — about $25,000 a month, according to Moriah Supervisor Tom Scozzafava.
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David Johnson, M.D.
Essex County only gets one bid for nursing home
Essex County only received one response to its request for proposals on the Horace Nye Nursing Home.
That offer, from Traditions Management of Clearwater, Fla.
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