Adirondack Tri-County Nursing Home in North Creek soldSeptember 21, 2017
By Gordon Woodworth for The Chronicle
The 82-bed Adirondack Tri-County and Rehabilitation Center in North Creek is being sold to a film called Post Acute Partners, which said it will “pay $180,000 for the sale and acquisition of the operating interests and real property liabilities of about $2.8 million.”
The state Public Health and Health Planning Council approved the sale on August 3.
Post Acute Partners, owned by Warren Cole and Dr. Jeffrey Rubin, said it operates more than a dozen nursing homes in western New York.
We contacted Dr. Rubin and nursing home administrator Hal Payne. Both declined comment on the pending sale.
Karen Smith, who chairs Adirondack Tri-County Nursing and Rehabilitation Center’s board of directors, had not returned a call by press time.
Post Acute said, “Adirondack Tri-County…has struggled financially and had several years of losses. Occupancy has been falling, dropping to 84.4 percent last year.
It said it “plans to turn operations around by enhancing staffing, augmenting clinical programs and capacity, cultivating relationships with local referral sources, and entering into a Managed Long-Term Care Plan (MLTCP) to improve occupancy.”
Post Acute Partners noted that last year it also acquired “two other North County residential health care facilities in Ticonderoga and Lake Placid. Plans call for developing a network of ‘efficient and economically run’ North County facilities to better meet the long-term healthcare needs of local residents while providing quality services closer to home.”