The Corrin Memorial Home will close next month.
Government confirmed the news after talks to save the facility have been unsuccessful.
Officials say 'all parties' agree the home is 'unsustainable', and steps wil be taken to close it by July 19.
Now, teams from Manx Care and the DHSC are helping residents find alternative residential care.
Health Minister David Ashford has described the situation as 'regrettable'.
Set your alarms! Young Farmers Concert tickets on sale this weekend
Treasury Minister says a tax threshold rise could cost £2.5m
Snow shuts the Mountain Road
Stop putting knives in recycling, says council
Bee Gees to release limited-edition box set
Northern Irish politician criticises Manx visa rules
Elective surgical unit opens at hospital
Piling rig on TT course tonight