January 10, 2013
MassDev Issues Bond For Whitinsville Health Center
MassDevelopment said it's issued a $7.5 million tax-exempt bond on behalf of St. Camillus Health Center Inc. of Whitinsville.
According to MassDevelopment, the 50-year-old nonprofit health center, which provides rehabilitation, nursing and short-and-long-term care services, will use the bond proceeds to refinance previous debt and renovate a facility into a center for people diagnosed with dementia or Alzheimer's.
MassDevelopment President and CEO Marty Jones said the financing "helps the organization further its mission, expanding options for long-term care."
UniBank purchased the bond.
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