|Vermilion Manor Nursing Home for Sale|
Officials in Vermilion County have turned to a marketing firm to help sell the county-owned Vermilion Manor Nursing Home.
County Board Chairman Gary Weinard (Why’-nerd) said the firm will simply market the home, just like a real-estate agent.
County attorney Bill Donahue said the county has signed an agreement with the Chicago office of Marcus and Millichap. He said the firm gets commission only if there is a sale.
Last fall, Vermilion County voters gave county officials the authority to pursue a sale of the county-owned facility, which has struggled financially off and on for many years. The biggest hurt has been since 2011, because of slow reimbursement payments from the state for Medicaid costs.
In November 2011, the facility was owed as much as $1 million in Medicaid funding and was struggling to pay its bills.
94.1 FM, WGFA