Ascentria acquires its fifth nursing home facility, Lutheran Rehab, for $21.6M
Photo | Grant Welker
Worcester's Ascentria Care Alliance headquarters
Worcester social services nonprofit Ascentria Care Alliance announced Wednesday acquisition of the Lutheran Rehabilitation and Skilled Care Center at 26 Harvard St. in Worcester, for $21.6 million.
A deed for 26 Harvard St., as well as 18-26 Harvard St. and 12 George St., was registered on Worcester District’s Land Registry on July 16. The purchase price for the property itself was $16.2 million, according to the Worcester County Registry of Deeds, a price not including the sale of the business.
The property at 26 Harvard St. was last assessed by the City of Worcester to be worth $4.12 million.
Ascentria owned the property for nearly 100 years before selling it to Sheehan Health Group, an elder care management corporation headquartered in Southborough, in 2012 for $3.1 million, as shown in the city assessor’s records. Sheehan operated the facility for nine years, and invested millions into renovations, according to Ascentria’s announcement.
This will become Ascentria’s fifth nursing home in New England.
The acquisition of the center was supported by tax exempt bonds by the National Finance Authority and Massachusetts Finance Development Authority, per the Ascentria announcement.
CORRECTION: A previous version of this story incorrectly said the sale price of Lutheran Rehabilitation and Skilled Care Center was $16.2 million. That price only included the property transfer, and the total sale price is $21.6 million. A previous version of the story also incorrectly stated the sale included 14 George St. The correct address is 12 George St.
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