Essex County is holding off on a $500,000 sprinkler system for its Horace Nye Nursing Home.
The work must be done by August 2013 or the home will no longer be eligible for Medicare and Medicaid payments, according to a federal requirement.
The county has Horace Nye up for sale, has opened bids and has asked the three bidders — Centers for Specialty Care; Gerald Woods, CPA; and Elliot Management Group — to consider submitting higher amounts. All three bid exactly $4 million, the county's minimum price to sell the 100-bed nursing facility.
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Horace Nye Sprinklers Put on Hold
I wonder how much profit there is in selling facilities.
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