McCOOK, Nebraska -- Red Willow County, Nebraska, commissioners Monday morning signed purchase and transfer agreements that allow the county-owned Hillcrest Nursing Home to sell 20 Medicare/Medicaid bed licenses for $250,000.
Hillcrest's board of trustees voted to approve the sale at its meeting Oct. 30.
The sale of the licenses to SNF (Skilled Nursing Facility) Omaha Operating Co. LLC of Delaware -- with a license granted Oct. 11 to do business in Nebraska -- was contingent upon its purchase of an additional 44 bed licenses and land in Douglas County on which to build by Dec. 31, 2012.
Hillcrest Administrator Colinda Nappa told commissioners and county attorney Paul Wood Monday that according to SNF's attorney, the company has purchased the additional bed licenses, bought land and has now actually broken ground on its new project.
Wood explained that according to Nebraska law, there is a moratorium on the number of Medicare bed licenses in the state, although a licensed facility may increase its number of bed licenses by 10 percent every two years.
Nappa said that Hillcrest is licensed by the state for 120 residents, but, after remodeling, it has the physical floor space for 100 residents. She said that Hillcrest has continued to pay the license fee on those additional 20 bed licenses, but now the room space for 120 residents is not physically available.
Hillcrest is home today to 91 residents, Nappa said.
The sale of the licenses still requires the final blessing of Nebraska Health and Human Services, Wood said.