PHILADLEPHIA (PA)
Philadelphia Inquirer
HAROLD BRUBAKER, INQUIRER STAFF WRITER
POSTED: Friday, March 14, 2014
The Archdiocese of Philadelphia delivered some relatively positive financial news Friday.
Catholic Health Care Services, for example, which operates six nursing homes and a retirement home, had an operating profit of $3.9 million in the year ended June 30.
Results at the facilities, which have been for sale since last summer, improved significantly from a loss of $497,454 the previous year, according to an audited financial statement released Friday.
The nursing-home report was one of 16 published by the Archdiocese, covering the Catholic Church’s diverse operations locally, including cemeteries, high schools, and homes for the disabled.
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