Nursing Home With $2M in Debt to Shut Down

A Providence, Rhode Island, nursing home with more than $2 million in debt is preparing to shut its doors.

Officials for Bannister House filed a petition Monday in Providence Superior Court for the appointment of a receiver to handle the facility's assets -and the relocation of its residents, according to documents obtained by The Associated Press.

The nursing home's board of directors voted in March to close the facility after the state denied their requests for financial assistance, according to court records. The employees' union says it will try to keep the facility open.

Attorney Richard Land, who was appointed receiver Tuesday, says the century-old nursing home's closure is planned but currently on hold while he explores alternatives.

Bannister House officials did not return messages seeking comment.