Faith-based, nonprofit healthcare and housing organizations look to expand options for customers, team members, and communities Knute Nelson, based in Alexandria, Minn., and Walker Methodist, based in Minnetonka, Minn., have entered into an agreement to merge the two companies into one. This merger is set to be finalized Jan. 1, 2024.
A merger of the two faith-based, non-profit organizations will expand home and community-based services programs, housing options, and rehabilitation/skilled nursing care. This strategic decision will strengthen their ability to better serve and support the workforce, residents, and customers throughout their combined continuums of care, as well as expand their geographic reach allowing their similar mission of enhancing and enriching lives go further.
Scott Riddle, CEO of Walker Methodist, says that the merging of these two organizations is a clear choice. “Because of our many similarities in mission and culture, as well as our complementary areas of expertise, the leaders of both companies believe this would be an advantageous merger.”
“Both Walker Methodist and Knute Nelson are well-respected leaders in the aging services field,” said Mark Anderson, CEO of Knute Nelson. “A successful merger of these two organizations would mean that we could scale appropriately, continue to be relevant and appealing to customers and job seekers, as well as allow us to better optimize technologies.”
Walker Methodist and Knute Nelson are committed to ensuring a smooth and gradual transition, to keeping all team members employed with no reduction in pay, and that residents and clients will continue to receive excellent housing and health care without disruption.
Knute Nelson serves in 43 counties in Minnesota and Eastern North Dakota with planned growth into the metro marketplace with a partnership with Walker Methodist, in home health and hospice services this summer. Their continuum of services includes home health care, senior housing, assisted living, enhanced assisted living, memory care assisted living, skilled nursing, wellness, and hospice. Knute Nelson serves more than 8,500 people annually with approximately 1,100 team members.
Walker Methodist owns and manages 19 senior living communities in Minnesota and Western Wisconsin. Their continuum of care includes senior housing for independent and assisted living, memory care, enhanced assisted living (care suites), transitional care skilled nursing, rehab therapy, fitness, and wellness. Walker Methodist serves more than 3,000 people annually with approximately 1,000 team members.
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