St. Catherine’s Board Chooses New Owners
The board of directors of St. Catherine’s Residence, North Bend, Ore., has signed a letter of agreement to sell St. Catherine’s, Evergreen Court and the Alzheimer’s Center to Dover Management, Inc., and The Farmington Centers, Inc., two Oregon-based companies with facilities throughout the state.
"We were pleased with the strong interest we received in St. Catherine’s," said Mike Lehman, chair of the St. Catherine’s Board. "While change is always difficult, I believe Dover and Farmington’s commitment to maintain our services and staff is good news for residents, employees and the community."
St. Catherine’s board and Catholic Health Initiatives were impressed by Dover and Farmington’s high-quality community-based programs, experience in a range of residential services for seniors, market strength in Oregon, commitment to controlled growth and depth of management team expertise. "Dover and Farmington were the clear choice among very competitive offers – a choice made according to what would be the best fit for St. Catherine’s and the community," said Dave Zwickey, senior vice president of continuum of care for Catholic Health Initiatives.
David Darling, chief executive officer of St. Catherine's, has resigned from the organization. However, he has agreed to assist in assuring an orderly transition of ownership. "David has provided strong leadership and achieved his goal of making important operational improvements at St. Catherine’s," Lehman said. "The board truly appreciates all that he has accomplished."
Bruce Hopkins has accepted the role of interim chief executive officer at St. Catherine's. Hopkins has served as interim chief executive officer for other market-based organizations within Catholic Health Initiatives, including Holy Rosary Medical Center in Ontario, Ore., CARITAS Health Services in Louisville, Ky., Mt. St. Joseph in Portland, Ore., and St. Joseph’s Hospital and Health Center in Dickinson, N.D.
The sale is expected to be complete by the end of 2002, subject to approval by the Catholic Health Initiatives Board of Stewardship Trustees and the Catholic Church as well as review by State of Oregon regulatory authorities.