Commonwealth Assisted Living is acquiring Stratford House in Danville
- August 1, 2016
Charlottesville-based Commonwealth Assisted Living is acquiring Stratford House, a senior living community in Danville.
Financial details of the transaction were not released. The deal is expected to close within the next 60 days.
Commonwealth plans to invest $3.5 million Stratford House, expanding its services and creating 25 new jobs.
Stratford House, which opened in 1990, has been owned and operated by the not-for-profit board since 2008.
It will become the 23rd senior living community operated in Virginia by Commonwealth, which has a facility in nearby South Boston.
Commonwealth expects to bring many of its programs to Stratford House, including its Travel the World activity programs, Farm to Table and Today from the Bay dining programs, in addition to clinical support services on site.
During the next 18 months, Commonwealth plans to update the property and add its memory care program, Sweet Memories, to Stratford House.