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August 29, 2013

Bassett joins potential Otsego Manor bidders

(Continued)

Upstate Services Group was selected last year by the Onondaga County Legislature as the successful bidder for that county’s 513-bed nursing home. After first estimating that the company would pay up to $10 million, Onondaga officials later conceded that the price had fallen to $5 million, indicating the final deal would give the county even less because it agreed to give the company $2 million to pay for the first two weeks of operating costs, according to the Syracuse Post-Standard.

Otsego County is hoping to close on the Manor sale some time in 2014.

County lawmakers opted to begin the process selling the Manor and created the HFC this year to handle the sale because of rapidly escalating deficits that have strained the county treasury and forced officials to squeeze the budgets of other agencies.

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