|Philadelphia to sell nursing homes|
Catholic News Service photo
The front of St. John Neumann Nursing Home in Philadelphia is pictured in an undated photo. The Archdiocese of Philadelphia said it is considering selling its six nursing homes, including St. John Neumann, to help with its budget shortfall, reported at $ 39.1 million for the last fiscal year.
Catholic News Service
The Archdiocese of Philadelphia, hoping to achieve financial stability, intends to sell six nursing homes and one assisted-living facility.
The archdiocese also will seek to outsource management or lease the 11 active archdiocesan cemeteries and two cemetery sites reserved for future use.
The nursing homes had an operating deficit of $1,420,705 in the fiscal year ending 2012.
The Catholic Cemeteries Office showed about a $5 million decrease in net assets for the year.
Not listed for sale was a treatment facility for priests and religious and the residence for retired priests.
Also unaffected are Catholic nursing facilities operated by religious congregations as well as the Catholic hospitals run by religious congregations.
Catholic Health Care Services is the seventh largest faith-based provider of skilled nursing in the country. It has a total occupancy of just over 1,400 beds, and the system employs approximately 1,100 full-time and 950 part-time employees.
Other cost-cutting measures involve a 25 percent reduction in personnel at the central offices of the archdiocese, the sale of closed high school buildings at the former Cardinal Dougherty High School and Northeast Catholic High School, the sale of the archbishop’s residence in Philadelphia’s Overbrook section and the clergy summer home in Ventnor, N.J.