The Tealwood Story
In January 1989, Tealwood Senior Living (TW) began business by leasing five skilled nursing centers from Leonard Louis Healthcare Properties (LLHCP). TW set out on a growth strategy to acquire smaller nursing facilities in the Midwest. This strategy was prompted by the belief that the overall provision of care was better in markets where friends and relatives frequently care for friends and relatives.
In 1992, TW got its first experience in the senior housing market when the principals of LLHCP acquired a 72 unit senior community in Waite Park, MN. As part of the transaction, the principals of TW were able to participate in the ownership of the property for the first time in addition to holding the management agreement.
In 1998, TW formed a joint venture, TWSL, and began by managing a 256 bed nursing facility in Minneapolis, MN. TWSL’s next opportunity was the design and development of an independent and assisted living community located in Eden Prairie, MN in 2002. A year later, TWSL further enhanced this community’s uniqueness by opening the Transitional Care Unit (TCU). A first of its kind, the TCU is a 25 bed nursing facility focusing solely on rehabilitation services while being attached to an independent and assisted living community.
Beginning in 1999, TW sought to expand its operations into a new market. TW identified a strategy for developing and constructing independent and assisted living communities adjacent to its nursing center operations. In these locations, the skilled nursing centers focused on the rehabilitation market, while the independent and assisted living facilities focused on the senior housing market.
In 2001, TW partnered with LLHCP in the acquisition of an assisted living community located in Sauk Rapids, MN. Five years later, TW was able to use its knowledge gained to develop a freestanding 50 unit independent and assisted living project in Fergus Falls, MN. The community featured many of TW’s design priorities: a high percentage of common space, full size apartments, exercise areas, etc. In addition, these communities would deliver care services by TW directed staff in the resident’s unit, thereby not requiring another move.
Tealwood Management (TM) was formed in 2003. The principals of Tealwood Senior Living established an organization that focuses on managing its own projects and obtaining management agreements with other businesses, all while affording ownership opportunities for key staff. TW manages ten locations of its own and has management agreements with six others including freestanding assisted living communities, skilled nursing centers and larger campuses.
The principals of TW partnered with Trident Development to jointly develop a project in Sauk Center, MN which opened in late 2008. This joint venture has successfully co-developed fifteen additional senior housing projects. Three new projects are currently under construction in Chaska, Edina and Andover, MN and are slated to open in the Fall 2016.
Throughout their experiences, TW’s focus grew from building design and clinical services to the needs and desires of an individual. In 2008, TW began a company wide focus on wellness. Utilizing the 7 Dimensions of Wellness, it has developed and implemented programs in all the communities it operates.
In an effort to continually expand their knowledge of the long term care and post acute care profession, the principals of TW have made a concerted effort to become involved by serving on the board of directors both in Minnesota and South Dakota associations and nationally for AHCA and NCAL, as well as being intimately involved in strategic committees at all levels. Howie is a past Chair of the National Center for Assisted Living and presently serves as the Co-Chair of the Quality Cabinet, and Gail is a past Chair of Care Providers of Minnesota.