Aperion amended their original purchase offer of
Before the meeting,
"I make a motion to reject the amendment and terminate negotiations with Aperion," Adams said.
Eight board members voted to accept the amended sales agreement with Aperion --
After the eight board members were overruled, Morthland said he was still in support of selling
"I just want to make it clear that while I was supportive of the sale to the rejected party, that I am also supportive of proceeding to find a reasonable offer as soon as possible so we can achieve the sale of
Snider said after the meeting the county would "wait and see" what happened with Infinity Care as the potential buyer.
At the time Aperion offered
Snider said when Aperion lowered its offer earlier this week, the other three companies were contacted and all declined, saying they were no longer interested in purchasing
He said the COVID-19 pandemic had hit nursing homes the hardest and the situation had affected buyers' interest in purchasing such facilities.
"We have the largest-impacted business by COVID-19. The economics have changed," Snider said. "The only reason airlines are flying is because the government loaned them money. What would be helpful is a bailout for nursing homes.
"The Number One concern is that the residents are cared for and the employees still have a job," he said. "The world has changed economically, and we have to react to it. We have been working with our attorney and our broker."
Snider said there likely would be no financial penalty for Aperion and its
"I'd like to thank everyone," Brunk said. "We've had some challenging moments recently, made more complicated by having to manage through the situation with COVID-19. I appreciate everyone who continues to work and be diligent as we work through these matters. I greatly appreciate it."
Concerned about COVID-19?
Sign up now to get the most recent coronavirus headlines and other important local and national news sent to your email inbox daily.
(c)2020 Quad City Times, Davenport, Iowa
Visit Quad City Times, Davenport, Iowa at http://www.qctimes.com
Distributed by Tribune Content Agency, LLC.