UHS Senior Living Facility Sale Could Close by End of Year
The sale of a United Health Services senior living site in Endicott is expected to be finalized in about two months.
UHS announced plans to sell the facility on High Avenue last year. The property is being purchased by Upstate Services Group, a major for-profit nursing home operator based in Rockland County.
The Broome County Industrial Development Agency Wednesday approved a payment-in-lieu-of-taxes plan and a sales tax break to clear the way for the sale.
Agency executive director Stacey Duncan said the proposed ownership transfer has received necessary state regulatory approval.
Duncan said the reported sale price will be about $11 million, $2 million lower than the original value of the proposed deal. She said the sale likely will close by the end of December.
About 286 people are employed at the Endicott site. The buyer has made assurances that those jobs will be retained, although some could be shifted to other entities.
A UHS spokesman indicated the corporation has no comment on the pending sale. In an email statement, he wrote that the "next steps are with USG."
Upstate Services Group representatives could not be reached to discuss the deal.
Some of the senior living operations on High Avenue are housed in the former Ideal Hospital.
Contact WNBF News reporter Bob Joseph: email@example.com
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