Saint Therese, a Minnesota-based not-for-profit senior care organization, engaged Blueprint in its divestment of its CCRC in a northwest Minneapolis submarket. Originally built in 1967, Saint Therese of New Hope comprises 221 independent and assisted living units and 168 skilled nursing beds in New Hope, Minnesota. Starting in 1979, the community underwent extensive senior living expansion and renovation projects over the years. In 2003, it also became the first in the Midwest to offer a palliative care unit.
Michael Segal and Daniel Waldhorn handled the transaction. The marketing process generated a competitive bidding environment among investors and operators within the state and the surrounding Midwest region. After multiple rounds, the seller selected Compass Healthcare as the ultimate successor. The community will be rebranded as Woodlake Healthcare and Rehabilitation Center and Woodlake Residences, and Saint Therese will continue to provide spiritual and pastoral care for the residents.
