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October 10, 2013

Bassett Healthcare network among eight bidders for Otsego Manor

Cutoff for proposals was Sept. 27


Otsego County’s local development corporation is hoping to close on the Manor sale in 2014. Earlier this week, county lawmakers agreed to increase the daily private pay rate at the Manor from $250 to $275 a day, noting that the rate had not increased for some nine years.

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.

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