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"Archdiocese" of Philadelphia sells nursing homes for $145 million
The Archdiocese of Philadelphia has reached an agreement to sell its seven nursing and senior-living facilities for $145 million, officials said Tuesday.
It's the biggest deal yet in Archbishop Charles J. Chaput's effort to fill deep financial gaps caused by years of overspending and mismanagement.
The buyer, Center Management Group, is a privately held for-profit company in Flushing, N.Y.
to read more: articles.philly.com
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