The Board of Chosen Freeholders of Warren County listened to a presentation of options regarding the revenue stream at Warren Haven, a long-term healthcare facility in the County.
“I want to stress that we are exploring many options to expand our revenue base,” commented Freeholder Director Jason Sarnoski. He continued by stating that the presentation was an “information gathering session.”
“The more information we have the better off we will be and will be better equipped to face challenges in the future,” Sarnoski concluded prior to the start of the presentation.
Marcus & Millichap, a Real Estate Investment Service, presented the Board of Freeholders with several options to help increase revenue at the nursing home. Options included refinancing the home, hire a third party management staff, and selling or leasing the facility.
“This [information presentation] is not a declaration to privatize Warren Haven,” expressed Sarnoski. “We are just looking to market the facility better than before,” he continued.
The Freeholders expressed that their biggest concerns were the quality of care for the patients at the home and the future of the employees. According to Marcus & Millichap representatives, the Board can place as many stipulations and requirements as they feel necessary prior to any sale or leasing of the facility, if they chose that option.
Freeholder Richard Gardner requested more time to review the paperwork presented by Marcus & Millichap and consider all of the options before the Board makes a final decision regarding the facility. The Board will resume the discussion at their meeting on April 24th.