Friday, July 14, 2017

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Valley View has $47 million in the bank


From possible closure to financial
good health

GOSHEN – Four years ago Orange County’s Valley View nursing home in Goshen appeared doomed to closure, suffering a deficit, but today it is financially secure with $47 million in the bank. 

The 2016 year-end financial results show the facility produced an actual profit of over $7 million for the year and added over $20 million to its surplus.

Michael Anagnostakis, chairman of the county legislature’s Health and Mental Health Committee, said Valley View is on a course for continued success.

“Valley View continues to provide the top-quality care to our seniors that they deserve," Anagnostakis said. "It employs hard working individuals that are making a living wage and it actually makes a profit for the taxpayers of Orange County. I call that a win-win-win and I congratulate the staff of Valley View.”

The facility’s profit was largely due to the receipt of a second Intergovernmental transfer of funds. Even without that, Anagnostakis said Valley View remained profitable.


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