April 2002

New Owner Sought for Care Center at Bothell

Catholic Health Initiatives will seek a new owner for the Care Center at Bothell, Wash., a facility with 135 nursing care beds. The decision followed a comprehensive evaluation of the facility by Catholic Health Initiatives, which concluded that new ownership will be best for the community, residents and employees and may help assure greater success for the care center in the future.

Catholic Health Initiatives will conduct a confidential search for a new owner. Potential buyers include Catholic, other not-for-profit and for-profit organizations. "We will consider a number of variables in evaluating possible new owners, including their ability to maintain the care center’s services and staff," said Patricia A. Cahill, Esq., president and chief executive officer of Catholic Health Initiatives.

The transfer of the Care Center at Bothell to a new owner is expected to be completed during 2002.