Archdiocese of Philadelphia sells its nursing homes

PHILADELPHIA (WPVI) -- The Archdiocese of Philadelphia has sold its nursing homes in order to balance the books.

The sale involves six nursing homes and one assisted living facility operated by Catholic Health Care Services, including:

Immaculate Mary Home, Philadelphia

Villa Saint Martha, Downingtown

Saint Francis Country House, Darby

Saint John Neumann Home, Philadelphia

Saint Martha Manor, Downingtown

Saint Mary Manor, Lansdale

Saint Monica Manor, Philadelphia

Archbishop Chaput said the difficult decision was made after a review of property investments and operations.

Center Management Group out of New York bought the homes for $145 million.

Chaput says the company will continue to operate the facilities in a Catholic, faith based manner.