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Foreclosure filed on former Meadowwood Care Facility

20161121_120537By Wayne Gates –

Brown County Treasurer Connie Patrick has filed for foreclosure of the former Meadowwood Care Facility in Georgetown.
There current tax liability on two parcels of property at 61 Stephens Avenue is $74,531.68.
The facility was purchased by Dr. Krishna Surapaneni in January of 2014 at auction for $605,000.
Patrick said that the real estate taxes were paid on the facility following the sale, but that no taxes were  paid in 2015 or so far in 2016.
According to the filing, the property still has three mortgages on it, two with First Financial bank for $100,000 and $1,803,227, and one with Peoples Bank for $4,500,000.
Patrick is asking Common Pleas Judge Scott Gusweiler in the filing to find that the county has a valid first lien on the property.
At the time of his purchase of Meadowwood in 2014, Surapaneni also owned Southwest Regional Medical Center.
An email from SWRMC Administrative Assistant Frieda Meyers regarding the purchase was sent on Jan. 15, 2014 to SWRMC staff after the sale, presumably at Surapaneni’s direction.
It read “I am happy to inform you that Meadowwood nursing home has been acquired by Dr. Krishna and will be opened after repairs and completion of regulatory requirements have been satisfied.  It is licensed for 86 beds and will ultimately employ approximately 60 individuals to meet the needs of patient care.”
Despite the statements in the e-mail, the facility never reopened.

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2016 News Democrat