Worcester social services nonprofit Ascentria Care Alliance received a $57-million tax-exempt bond from MassDevelopment Finance Agency for renovations at its West Brookfield and Worcester care centers, according to a Wednesday announcement.
The renovations will focus on the 147-bed Quaboag Rehabilitation and Skilled Care Center in West Brookfield and the 150-bed Lutheran Rehabilitation and Skilled Care Center in Worcester.
The upcoming renovations will include converting three-bedroom residences into private/semi-private living quarters, creating more resident rooms, constructing additions, and relocating select services to administrative spaces, according to the release. Â
Ascentria Care Alliance acquired the Lutheran Rehabilitation and Skilled Care Center in July for $21.6 million. Part of the $57 million in MassDevelopment financing went toward the purchase of this center.
Ascentria Care Alliance and MassDevelopment have partnered in the past with a $22.8 million tax-exempt bond for the purchase of Presentation Rehabilitation & Skilled Care Center in Brighton, given in 2019, and another $22.8-million bond for the 2017 acquisition of Laurel Ridge Rehabilitation & Skilled Care Center in Jamaica Plain.
The Quaboag Rehabilitation and Skilled Care Center was acquired by Ascentria in 2015. Â
Ascentria Care Alliance is one of New England’s largest nonprofit human service organizations, with 60 locations throughout the region, per the announcement.
