Back On The Homefront
MAYVILLE – A cash offer of $16.5 million has been made on the Chautauqua County Home.
County Executive Greg Edwards announced Wednesday that Richard Platschek of 10836 Temple Realty LLC and Chautauqua Restorative and Nursing Center LLC has offered $16.5 million cash with a $1.65 million good faith deposit to the county.
“I’m standing here today with an executed purchase offer contract for the sale of the Chautauqua County Home to two LLC corporations, each of which are owned by Richard Platschek as the majority owner,” Edwards said. “The limited liability company is going to own the beds and the license. … The operator of the facility is Chautauqua Restorative and Nursing Center LLC.”
According to Edwards, the terms of the contract are very close to the ones previously reviewed by the legislature. The contract would offer each union member a job, pending they apply for the job and pass a background check. Additionally, the contract commits the County Home as a long-term care facility for at least 10 years.
According to Steve Abdella, county attorney, Platschek also agreed to each of the 14 terms the legislature had previously set forth. Additionally, current employees are also guaranteed to maintain salary levels, as agreed to in the contract. And, a similar benefit package to what is currently offered to employees will be offered.
“I’m pleased to tell you that this proposer, Richard Platschek, is the majority owner of three long-term care facilities in the Buffalo region,” Edwards said. “Each of these facilities were purchased approximately one year ago at times when these facilities were troubled financially and were at risk.”
The three facilities in Erie County are Williamsville Suburban, Ridgeview Manor and Sheridan Manor. Because of the proximity of the facilities to Chautauqua County, Edwards said Platschek has extended an invitation to legislators to tour his facilities.
“Each of these facilities have as good or better ratings as our current ratings at the Chautauqua County Home,” Edwards said. “As a result, Mr. Platschek is fully familiar with what it takes to operate a skilled nursing facility successfully in New York state, in Western New York, and again has that experience that can also be demonstrated here in Chautauqua County.”
The details of the proposal have been passed on to the legislature. Edwards said he has reviewed the essential nature of the offer with Legislature Chairman Jay Gould, R-Ashville, and has asked Gould to consider having it presented to the committees beginning this month. Additionally, Edwards said Platschek and his staff would be available to talk to the legislature at its earliest convenience.
Platschek was found through the marketing efforts of Marcus & Millichap, who the county is still in contract with through the end of the year.
“There is a challenge here,” Edwards said. “Upon the specific terms on the contract, the offer is valid through the end of the month of September. At the end of the month of September, the proposer has the option, at their sole discretion, to withdraw the offer.”