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ALBION – A publicly owned nursing home in Orleans County will be sold to a private Long Island corporation once the change in ownership receives state approval, the parties announced Thursday.

Comprehensive Healthcare Management Services has agreed to pay $7.8 million for The Villages of Orleans Health & Rehabilitation Center, a 120-bed facility in Albion that opened in 1960 as the Orleans County Nursing Home. The transfer of the facility, which has 113 residents, won’t take place before Jan. 1.

Orleans County in February 2013 transferred control of The Villages to a local development corporation, the Orleans County Health Facilities Corporation, to market and sell the property, which was expected to run an operating deficit of $2.4 million last year.

The purchase price should more than cover the home’s operating debt, which likely will be reduced to $7.1 million by the end of this year, and the price exceeds the $6.5 million suggested market value. The sale, once approved, also would return the property to the tax rolls.

The Villages has 149 full- and part-time workers. Its union employees, now represented by CSEA, would transition to SEIU Local 1199 after the sale. The State Department of Health must approve a license for the new owners to operate the facility.

Comprehensive Healthcare last month agreed to buy from Catholic Health Systems a nursing home in Williamsville and adult homes in Lancaster and Dunkirk, in another transaction that awaits state approval.