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Court Approves $14.9 Million Chandler Hall Sale
On October 19, 2026, Judge C. Theodore Fritsch Jr. approved the $14.9 million acquisition of the struggling nonprofit Chandler Hall Health Services by a for-profit buyer to prevent its complete closure.
Facing severe cash flow shortages, mounting debt, and rising operational costs, the Newtown retirement facility pursued the sale through Citrine Investment Group, which designated SilverWave Life Management to handle future senior-care operations.
While the court mandated that the buyer honor current resident contracts and safeguard ongoing care services, local community members raised valid concerns regarding the elimination of public amenities like the YMCA and the loss of the institution's historic Quaker mission.
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