Worcester, MA – MassDevelopment has issued a $31,668,081 tax-exempt bond and a $1,960,227 taxable bond on behalf of Notre Dame Health Care Center, Inc., a Worcester-based nonprofit that owns and operates Notre Dame Long Term Care and Rehabilitation Center, a 123-bed skilled nursing facility; Notre Dame Du Lac, a 108-unit assisted living facility; and Notre Dame At Home, which provides adult hospice, pediatric hospice, and palliative care services.
Notre Dame Health Care Center also operates an educational center that provides employees and community participants with education and training programs. The organization will use bond proceeds to renovate and complete building improvements to Notre Dame Long Term Care and Rehabilitation Center, Notre Dame Du Lac, and Notre Dame At Home, including all facility residential units and common spaces. Bond proceeds have also been used to refinance previously issued debt. People’s United Bank purchased the bonds.
Since 1900, the Sisters of Notre Dame de Namur have had a presence on Plantation Street in Worcester; the property has undergone several expansions and renovations throughout the years. In recognition of growing needs, Notre Dame Health Care Center, Inc. was created in 1990 and began serving the general community in 1993 with their skilled nursing facility. In accordance with their mission, additional services were added over the years including assisted living, adult and pediatric hospice and palliative care, and educational services to better serve the Sisters of the congregation as well as the greater community.