January 2000

Sponsorship of Mountainside Care Center Transferred

Catholic Health Initiatives has terminated its leasehold interest in Mountainside Care Center, located in Sandpoint, Idaho, and transferred sponsorship to Valley Vista Care Services, effective December 29, 1999. Valley Vista is a Christian faith-based, not-for-profit long-term care provider with headquarters in St. Marie’s, Idaho.

The new name of the facility will be Valley Vista Care Center of Sandpoint. Valley Vista representatives have indicated that Mountainside’s management team will remain intact, and there are no plans to reduce positions within the facility. Financing of the transaction by Valley Vista includes funding for renovation of nursing facility beds and development of a specialized unit for traumatic brain injury.

Catholic Health Initiatives has operated the facility since March 1998, when a sub-lessee of the former Franciscan Eldercare organization filed for bankruptcy.

"I hope you will join me in wishing the Care Center staff a blessed New Year as they begin an exciting new phase in their long-term care ministry," said Dave Zwickey, senior vice president of continuum of care for Catholic Health Initiatives.