Buttonwood Hospital, Burlington County's psychiatric and nursing care facility, is going up for auction. The county freeholders say the hospital has been operating at a loss for 10 years and is projected to lose more than $4.5 this year.
The 170-bed nursing home and 30-bed psychiatric hospital, located in Pemberton, could fetch about $16 million when it's put up for sale Feb. 24, the freeholders predict. The hospital serves low-income residents who cannot afford private care.
Deputy Director Joseph Donnelly said that decreases in Medicaid and Medicare reimbursements and increases in operating costs are expected to continue. Taxpayers can no longer afford to subsidize the cost of running Buttonwood, the freeholders say.
The public is invited to two hearings on the sale. The first is 6 p.m., Jan. 31, at the Burlington County College's Pemberton campus. The second is 6 p.m., Feb. 14 at the freeholder's meeting room, 50 Rancocas Road, Mount Holly.