Butler County still is waiting to learn the exact amount gained from the sale of the Sunnyview Nursing and Rehabilitation Center.

The final number will be determined by two factors.

First, the county must determine how much money to give the New Jersey company that bought Sunnyview for accounts receivables, which are uncollected bills for resident care.

Secondly, Investment 360 of Lakewood must give the county money for vacation time taken by workers that was not accounted for at the time of sale.

Of the $20.4 million the company committed to the purchase, $2.4 million was for accounts receivable.

Investment 360 fronted the money to the county, which is expected to pay some of that back because the goal likely won’t be reached.

The county kept the full amount of any bills collected before the May 15 sale closing.

After the closing, Investment 360 receives 25 cents for every dollar collected. The county does not get any money for bills more than 150 days past the billing date.

According to county Controller Ben Holland, $1.7 million would have been kept for accounts receivable if the closing happened April 1. Investment 360 would have gotten $875,261.

The company would have received more than 25 percent of the total because nearly $280,000 extended beyond the 150-day deadline.

The company last month paid nearly $19.5 million, retaining $876,707 for employee paid time off owed by the county.

Another $742,500 went to costs incurred by the county to sell Sunnyview, including a $150,000 state tax for transfer of ownership and $510,000 in brokerage fees to the Pittsburgh firm Marcus & Millichap.

After both deductions, the county was left with less than $18.8 million.

County Commissioner Bill McCarrier, board chairman, said he was satisfied with the deal no matter what the final number ends up being.

McCarrier said the county got one of the best prices per bed compared to other counties that sold their nursing homes.

Sunnyview has 220 beds.

Commissioner Jim Eckstein disagrees the sale negotiations were handled properly, citing the accounts receivable deal.

Eckstein said county officials should have sought financial advice before making such an arrangement.

“They were not capable of making the decision on their own,” he said. “They were in such a rush to complete the deal, they didn’t do due diligence.”

Commissioner Dale Pinkerton disagreed, saying the 75 percent ratio was higher than other sales have garnered.

“They started at 70 percent,” Pinkerton said about negotiations with the company.