Press-Republican

Business

April 1, 2014

Horace Nye sale final

ELIZABETHTOWN — The transfer of Essex County’s Horace Nye Nursing Home to a private firm is now complete.

“It has concluded. We were paid,”  County Attorney Daniel Manning III said.    

“(But) there are some things we have to do.”

The closing on the property had been delayed several times due to legal wrangling with the buyer, the Centers for Specialty Care of the Bronx.

Horace Nye is now called Essex Center.

COUNTY OWES COMMISSION

The county was paid $4.05 million for the 100-bed nursing home but must pay a 3.25 percent commission to Marcus & Millichap of Chicago, the broker that handled the sale.

The county also has to put $75,000 into escrow to cover pump out and analysis of the sewage pits that service the facility’s septic system.

Manning said the buyer was concerned there might be hazardous waste in the pits, so they’ll be checking for that.

There are 13 septic pits — 12 with a capacity of 2,000 gallons each and one at 5,000 gallons.

“We will pump out and remove sediment to make sure there’s no contamination,” Manning said.

FINAL BILLING

All but seven of the nursing home’s 135 employees are continuing on with the new owner, and one of those is still working for the county to handle final billing and records management.

“We are now in that period when any outstanding vouchers will be paid,” County Manager Daniel Palmer said. 

He received permission from the board to continue the business office worker’s benefits for at least 90 days to process everything from Horace Nye.

“There’s a whole room of records that have to be moved out and categorized,” Palmer said.

Manning said they have a contractual 60-day timeframe to remove both financial and medical records from the former Horace Nye home.

The new owner had taken off the lettering on the building that spelled Horace Nye Home but, as of Monday, hadn’t put up an Essex Center sign yet.

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