Genacross Lutheran Services, which serves nearly 4,000 people annually in northwest Ohio and southeast Michigan, and Benedictine, a nationally recognized senior-care ministry based in Minnesota, have announced the signing of a letter of intent for Genacross to join Benedictine.
Founded 160 years ago, Genacross carries out its faith-based mission across diverse ministries, including post-acute care, senior living, and family and youth services.
“While Genacross is in a stable financial position, the organization had a duty to proactively look to the future to make sure it remains strong and is able to meet the needs of individuals as we move forward,” said Rick Marshall, Genacross president/CEO. “We realized that we do not have the resources to address our needs and opportunities and initiated a search for an organization that does.”
Genacross conducted an exhaustive, national search, including representatives of Lutheran and non-Lutheran, for-profit and non-profit entities. After extensive analysis, they chose Benedictine as the organization that best supported its mission.
A mission-based non-profit, for the past 35 years Benedictine has provided a full spectrum of health and housing services to aging adults. They own and manage skilled-nursing, assisted-living, and independent-living communities across the upper Midwest and offer services in such areas as therapy, rehabilitation, memory care, home health care, adult day care, and transitional care.
“Benedictine provided nearly everything that Genacross was seeking,” Mr. Marshall said. “We share Christian missions, and our values are in complete alignment. They will facilitate needed capital investments and operational support at our facilities. Their size and scope will help us grow in a competitive health care environment.”
Genacross Lutheran Services will maintain its name for a period of time and will continue to engage with the Lutheran community. Furthermore, Benedictine is committed to the retention of employees; in fact, Benedictine is hoping to see some ministries expand.
With the signing of the letter of intent, a period of due diligence begins. Both organizations will conduct visits and exchange information.
Final approval will be needed from each organization’s boards and the Genacross member congregations. They expect that process to be completed this year. Following closing, Genacross will be a member organization or subsidiary of Benedictine, reporting through its organizational chart. ❦