The Groves Defaults on $88 Million in Bonds, Benchmark Makes Bid

The Groves in Lincoln, Inc., the not-for-profit owner and operator of a 168-unit independent living community in Lincoln, Mass., filed for Chapter 11 bankruptcy protection on Monday after defaulting on $88.4 million of tax-exempt bonds. Masonic Health System (MHS) of Massachusetts, Inc. and New England Deaconess Association – Abundant Life Communities, Inc. (DALC) are the […]