Vermilion County Board OK’s Nursing Home Sale
By a nearly unanimous vote, the Vermilion County Board has approved the sale of its county-owned nursing home to FNR Healthcare Group.
County Board Chair Gary Weinard said transferring Vermilion Manor to the private equity firm could be official as soon as Aug. 1 following Wednesday’s 23-1 vote.
The county has been struggling with late state reimbursements for Medicaid and Medicare.
Weinard said the board had considered other sources of revenue, including leasing the home to an outside company, and making part of the home an assisted living facility.
But Weinard said the vote proceeded after voters allowed for the sale last fall. He said the $3.4 million sale was the best option, given FNR’s track record.
“The owners of that company have in excess of 30 years involvement with and running in nursing home and nursing home-like business – they’re very familiar with how it works," he said. "We’ve checked their credit, they have an exceptional credit rating, they have access to the monies that they need.”
FNR Healthcare was chosen over IDE Management Group. The sale will include an additional $2-million in capital improvements for the home.
The lone ‘no’ vote came from Democratic county board member John Criswell.
The chairman of the Vermilion County Board says a presentation from a potential management agency is just one option they're exploring for the beleaguered Vermilion Manor Nursing Home. Jim McMahon says the county might also explore leasing or even selling the facility. But on Tuesday night, officials with Provena Life Connections will talk about their proposal at the Vermilion County Board meeting in Danville.
McMahon says he's looking for any viable option that can keep the nursing home going, at a time when the state is regularly late in delivering Medicaid and Medicare funding.
"What we're looking for is, how can we keep a county-owned nursing home running with 42% of the income coming from the state of Illinois, and they pay that when they feel like it, " says Durbin.
Provena Life Connections operates facilities and services for the elderly in several cities. In Champaign, they provide both home health services and hospice care.
McMahon says Provena Life Connections could bring additional services to residents at the county-owned nursing home that would help bring in additional organization>
"So a management firm can come in and say, we'll add this type of specialist," says Mamahon, "or they could bring dialysis on location. There's lots of things they can do that we can't as a county-run organization."
McMahon says he was referred to Provena Life Connections by officials at Provena United Samaritan Hospital in Danville.
The Provena Life Connections presentation is scheduled for the Vermilion County Board meeting set for Tuesday, April 17th at 6 PM at the Courthouse Annex in Danville. McMahon says no action will be taken that night, but the proposal will be considered by the county board's Nursing Home Committee on April 24th..