October 2004

Farmington Centers to Become New Operator of Mt. St. Joseph in Portland

Farmington Centers Inc. of Portland, Ore., will likely become the new operator of Mt. St. Joseph, a Catholic Health Initiatives long-term care facility in Portland, according to a letter of intent signed by Farmington and the board of Mt. St. Joseph.

"We've been very careful and deliberate in choosing the right new operator for Mt. St. Joseph, and Farmington Centers appears to be a good fit for residents, staff and the community," said Tom Triplett, chair of Mt. St. Joseph's board of directors. "Farmington Centers has earned a reputation for well-run facilities, excellent resident service and treating employees well."

In January, Mt. St. Joseph announced to its staff and residents that it would work with Catholic Health Initiatives to find a new owner to continue its tradition of service to the Portland community.

"We are excited about the opportunity to work with the dedicated staff of Mt. St. Joseph and to serve even more seniors in Oregon," said Terri Waldroff, chief executive officer of Farmington Centers. Farmington Centers, a for-profit corporation headquartered in Portland, operates senior living communities in Oregon, Washington and Idaho. Farmington operates St. Catherine's Residence in North Bend, Ore., a former member of the Catholic Health Initiatives system.

The parties involved must finalize their negotiations, complete due diligence and complete the review process with state and Church authorities. The transfer of Mt. St. Joseph is expected to be completed in early 2005.

Mt. St. Joseph was established in 1897 by the Sisters of Mercy and currently serves about 250 seniors with assisted living, intermediate and skilled nursing services.