Presbyterian Home of Maryland, an assisted living center and nursing home, said Monday it plans to close its Towson facility by November, after nearly 90 years.
The faith-based not-for-profit said it was facing "prohibitively expensive" renovations to keep the Southland Hills site running, with operating losses topping $1 million annually in recent years as occupancy has declined.
The organization said it plans to move forward with a proposal to build a new, larger continuing care retirement community in Harford County. PHM staff are working to relocate the roughly 50 residents still living in the 4.5-acre Towson center.
"We made this very difficult decision as a result of our inability to maintain our aging facility, combined with a decline in occupancy rates over the past several years," said Susan Shea, PHM President & CEO.
Presbyterian Home of Maryland was founded in 1883 and has been at its Towson location since 1929.