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'.
Weather warning for storm Dave this weekend
Roads to close for music festival this weekend
How long do mental health patients stay in Manannan Court?
Could you take over this former restaurant?
Framework of new Sea Services Agreement ready, says minister
Attorney General says he's stepping down
Road closures in two towns for running event this week
Six weekend ferry crossings could face disruption