Continuing to build its footprint in the Midwest, Saint Therese, an aging care and services leader based in the Twin Cities, will acquire St. Mary of the Woods in Avon. The transition of ownership is expected to occur Dec. 1, 2024. This is the second acquisition for Saint Therese in two years and the second in the region, following the purchase last year of IHM Senior Living Community in Monroe, Mich.
"St. Mary of the Woods was built with a deep Catholic foundation, just as we were, and we are proud to carry on that tradition as it becomes a part of the Saint Therese family," said Craig Abbott, president and CEO of Saint Therese. "This acquisition is part of our strategy to broaden our presence and care services in the Midwest with mission-aligned organizations.
St. Mary of the Woods is a 179-unit continuum of care community, located on a beautiful 23-acre campus. It has 81 independent living apartments, 49 assisted living apartments and 50 skilled nursing beds, and it has six acres that are zoned for potential future expansion. It has over 200 employees, all of whom Saint Therese intends to hire.
