The Montgomery County Board of Commissioners unanimously voted this week to approve the sale of Parkhouse Providence Pointe rehabilitation complex on Black Rock Road in Upper Providence.
The commissioners’ staff will now work toward an agreement to sell the complex, and the 200 acres it sits on, to Mid-Atlantic Health Care LLC for $39 million, according to Phillyburbs.com.
A nine-member working group of Montgomery County aging and adult service employees and Parkhouse staff recommended the sale of the facility, which had been operated by the county at a deficit of $2 million to $3 million per year.
“We know that today we have a top quality facility with very caring and capable staff and happy residents. We also know that under the current structure, we lose millions of dollars each year, which has to be subsidized by the county taxpayers,” said Commissioners Chairman Josh Shapiro, according to the Times Herald.
During a presentation to commissioners, Mid-Atlantic managing partner Scott Rifkin said that all existing staff would remain at Parkhouse, and the high-quality level of care would not change.
$11 million of the $39 million purchase price will pay off debt, and $5 million will pay benefits to county employees; he remainder will be placed in the county’s general fund.