Please do not leave this page until complete. This can take a few moments.
MassDevelopment has issued two bonds totaling $33.6 million to Worcester nonprofit Notre Dame Health Care Center, Inc., to fund building improvements at Notre Dame Long Term Care and Rehabilitation Center, Notre Dame Du Lac and Notre Dame At Home, the agency announced on Tuesday.
Notre Dame Long Term Care and Rehabilitation Center is a 123-bed skilled nursing facility; Notre Dame Du Lac is a 108-unit assisted living facility; Notre Dame At Home provides adult hospice, pediatric hospice and palliative care services.
All residential units and common spaces are among the pieces being improved and updated, according to a MassDevelopment press release.
People’s United Bank purchased the bonds.
Notre Dame Health Care Center, Inc. was established in 1990, although the Sisters of Notre Dame de Namur have operated on Plantation Street since 1900, according to MassDevelopment.
“We are grateful for the expertise and support of the team at MassDevelopment for their assistance in helping us secure the financing needed to ensure we are able to renovate and modify our facilities to meet the current and evolving needs of those we serve,” said Notre Dame Health Care Center CEO Karen Laganelli in a statement.
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments