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August 26, 2016

MassDevelopment issues 17M bond to Care Dimensions
Metro West Daily News

MassDevelopment has issued a $17.5 million tax-exempt bond on behalf of Care Dimensions Inc., a hospice and palliative care services provider in Danvers.

Care Dimensions is using bond proceeds to build, furnish and equip an 18-bed, 27,500-square-foot inpatient hospice facility on the border of Waltham and Lincoln. People’s United Bank purchased the bond.

Care Dimensions was founded in 1978 and is the largest provider of hospice services in the commonwealth, caring for patients at home, in hospitals and in skilled nursing and assisted living facilities.

MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, financial institutions and communities to stimulate economic growth across the commonwealth.

Since 1978, Care Dimensions has provided comprehensive and compassionate care for individuals and families dealing with life-threatening illnesses. As the non-profit leader in advanced illness care, we offer services in more than 95 communities in Eastern Massachusetts.