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 AP - Associated Press
