McHenry County Blog

The red ink keeps oozing out, according to a Daily Herald article by the Daily Herald’s Chuck Keeshan

Finance Committee Chairman Marc Munaretto talks of “good structural changes” since Cary-based Revere Healthcare was hired in October 2007 to managed the Valley Hi nursing home.

But it still lost $183,000 a month.

$2.2 million in 2008.

Revere predicts the facility will never stop bleeding.

Improvement is hard to notice. The Northwest Herald headline below shows a $2 million loss in 2006.

Perhaps last year’s loss is a lower percentage of the nursing home’s budget.

McHenry County Administrator Peter Austin said the loss would have been more without Revere’s management.

The county makes up the difference from a referendum passed tax, which collects $6 million a year.

The red ink keeps oozing out, according to a Daily Herald article by the Daily Herald’s Chuck Keeshan

Finance Committee Chairman Marc Munaretto talks of “good structural changes” since Cary-based Revere Healthcare was hired in October 2007 to managed the Valley Hi nursing home.

But it still lost $183,000 a month.

$2.2 million in 2008.

Revere predicts the facility will never stop bleeding.

Improvement is hard to notice. The Northwest Herald headline below shows a $2 million loss in 2006.

Perhaps last year’s loss is a lower percentage of the nursing home’s budget.

McHenry County Administrator Peter Austin said the loss would have been more without Revere’s management.

The county makes up the difference from a referendum passed tax, which collects $6 million a year.

The Valley Hi Committee, the McHenry County Board committee that oversees the county nursing home, has decided to outsource.

At least its management.

That’s what the Northwest Herald’s Regan Foster reports.

At the same meeting, the committee recommended that a $625,000 bailout of the nursing home.

Voting against the outside management proposal were committee chairman Mary Lou Zierer from the Marengo area (but with a Harvard address) and Fox River Grove’s Dan Shea. Both have announced their retirements.

The Valley Hi Committee, the McHenry County Board committee that oversees the county nursing home, has decided to outsource.

At least its management.

That’s what the Northwest Herald’s Regan Foster reports.

At the same meeting, the committee recommended that a $625,000 bailout of the nursing home.

Voting against the outside management proposal were committee chairman Mary Lou Zierer from the Marengo area (but with a Harvard address) and Fox River Grove’s Dan Shea. Both have announced their retirements.