Commonwealth completes acquisition of Danville-based senior-living community
- October 19, 2016
Commonwealth Assisted Living has completed its acquisition of Danville-based Stratford House.
Financial details of the purchase were not disclosed.
Charlottesville-based Commonwealth will invest $3.5 million to update the senior-living community and add its memory-care program. The expansion is expected to create 25 new jobs.
The renovations are expected to take about 18 months. The community will be called Commonwealth Senior Living at Stratford House.
Stratford House is Commonwealth’s second senior-living community in Southern Virginia and its 23rd in the state.