Ashton Healthcare in Athens Borough will close within the next 60 days, officials confirmed Tuesday.

The skilled nursing facility will close because of insufficient funds after its receiver was notified that the bank funding Ashton would be withdrawing its funding, officials said. Employees were notified Monday of the closure.

The facility's closure will result in the loss of around 70 jobs and will require 36 residents to find a new home. The facility will remain open until all residents have relocated.

State law requires a nursing facility to notify residents and give them at least 30 days following notice to leave the facility except for health and safety reasons. If an orderly transfer of the residents cannot be safely completed within a 30-day time frame, the state may require the facility to remain open an additional 30 days.

The closure comes after the facility had its Medicaid and Medicare reimbursement agreements terminated in May by the U.S. Secretary of Health and Human Services. The termination came following poor inspection results from the Centers for Medicare and Medicaid Services.

Avalon Management Services assumed oversight of Ashton's operations in mid-June. Under the new management team, the facility had regained its Medicaid certification and had been waiting to hear back on whether it would receive Medicare certification as well.

As a result of the closure, a planned "Giving Back to the Community" reception scheduled for today has been canceled, officials said. A trunk-or-treat event scheduled for Halloween night in the facility's Paine Street parking lot will still take place.