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January 28, 2014

County sells Otsego Manor to top bidder


Otsego County opened the $30 million Manor in November 2004. The nursing home replaced the Otsego Meadows, a complex now used as office space by county agencies.

Focus Ventures, according to the company’s web site, owns Focus Home Care, a Pennsylvania agency, EMStar Ambulance, a medical transportation services company serving the Philadelphia region, American Home Medical, a medical supply company, Focus Assisted Living and Focus Capital, which “ensures that each business has the resources needed to succeed.”

$30 million Original cost of Otsego Manorat 2004 opening $18.5 million Focus Ventures LLC offer accepted by county $16 million Final offer from VestraCare, upfrom original $15 million offer -$500,000 County's estimated monthlylosses on Manor

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