Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
CAMDEN, N.J. (AP) — The Camden Diocese is seeking to sell its three nursing homes.
The diocese says insufficient Medicaid reimbursements created a $6 million shortfall last year.
In a statement, Bishop Dennis Sullivan says the current nursing-home model cannot be sustained.
The diocese says proceeds from the sale would be directed toward assisting families with a wide range of health-related issues.
The diocese will ask prospective buyers to maintain the homes' Catholic identity.
The nursing homes are located in Cherry Hill, Pleasantville and Vineland.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
