Visiting Nurses Association of Greater Philadelphia announced that it will be shutting down next month after 138 years in operation, writes John George for the Philadelphia Business Journal.

The organization cited unsustainable financial losses as to what led to the “difficult decision” to close its hospice and home health operations.

The closure will result in the loss of 114 jobs at one of the oldest home care providers in the nation, according to a Worker Adjustment and Retraining Notification that was filed with the Pennsylvania Department of Labor and Industry.

In fiscal year 2023, Visiting Nurses Association of Greater Philadelphia lost nearly $3.9 million, according to ProPublica’s Nonprofit Explorer. It generated $18.3 million in revenue, but incurred $22.2 million in expenses.

Last year’s balance sheet showed $3.85 million in assets and $13.8 million in total liabilities.

Fiscal year 2022 saw VNA of Greater Philadelphia post a $237,250 profit, while it lost $3.2 million in fiscal 2021.

VNA of Greater Philadelphia said on its website that it is working to ensure smooth transitions for all patients and families, and to identify new job opportunities for team members within the Public Health Management Corporation’s family of services.

All patient intake is already closed and operations will officially cease on Monday, Oct. 28.

Read more about Visiting Nurses Association of Greater Philadelphia’s closing in the Philadelphia Business Journal.

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