Loretto announced Tuesday it will close two of its nursing homes, including the Loretto Oswego facility.
In a letter to its patients and their families Tuesday, Loretto CEO Michael Sullivan said that the 120-bed Oswego home and its Rosewood Heights nursing home because they were “challenged to maintain financial viability before the economic crisis of 2008 and the outlook for their ability to maintain quality services in the current environment is poor.”
Loretto, in an attached plan outlining its ideas for growth, said that the Oswego home was one of four in the city and lacked market share.
The company said it will work with its union, SEIU 1199, over the closings and other changes, for which Loretto received $12 million from the state.
No timetable for the closing was noted in the letter.
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