PORT ANGELES –Olympic Medical Center commissioners Wednesday night approved a letter of intent on a deal that could lead to the sale of Olympic Care & Rehabilitation Center in Sequim.
The process with Oregon-based Avamere Healthcare starts with a management contract that will most likely go into effect in early 2003, according to Mike Glenn, chief executive officer of the publicly-owned medical center.
Glenn told hospital board members that a purchase clause will be part of the management agreement and that the sale would be considered between one and two years after initiation of the management contract.
Commissioner Harlan Knudson of Sequim said he was very hesitant to sell the nursing home.
“I think the nursing home is a valuable asset to the Sequim community,” Knudson told the board.
He said he hopes Olympic Medical Center can use Avamere’s expertise in nursing home operations to eventually undo the management contract and provide the health care district with a 5 percent return on its investment.
————The rest of the story appears in the Thursday Peninsula Daily News. Click on SUBSCRIBE to get the PDN delivered to your home or office.