CHESTER: Chester Village West set on 55 acres with 105 cottages and apartments was purchased by Masonicare, based in Wallingford, the state’s largest not-for-profit provider of senior healthcare and retirement living from LifeCare Services of Des Moines, Iowa.
“The addition of Chester Village to our organization is a win-win for all,” said Jon-Paul Venoit, President/CEO of Masonicare. “We have extensive experience in the retirement living arena and our cultures are very similar. We are retaining nearly all of their employees, and we expect to invest in some capital improvements on the campus as well.”
Sales terms were not disclosed.
Hilde Sager, Vice President for Residential Services at Masonicare, added, “We’re delighted to welcome Chester Village West residents and staff into our Masonicare family. We love the Chester area and look forward to Masonicare at Chester Village now being an integral part of the full continuum of senior care we are able to offer statewide.”
Masonicare’s continuum includes the 360-unit Ashlar Village in Wallingford, which is also a Life Plan/Continuing Care Retirement Community. In April, Masonicare celebrated the grand opening of Masonicare at Mystic, a rental model with 179 Independent and Assisted Living apartments.
Life Care Services other retirement communities in Connecticut are located in, Southbury, Redding, Mystic and Essex.