New President to Lead East Side Senior Living Community

MILWAUKEE, WI (August 2, 2011) – Saint_John's on the Lake, located at 1840 N. Prospect Avenue on Milwaukee’s east side, has promoted Renee Anderson to President. Ms. Anderson has been employed by Saint_John's since 1996 in the role of Chief Financial Officer and assumed her role as President August 1, 2011. Just last month, Saint_John's which has been serving the Milwaukee market for nearly 145 years, opened its 87 unit expansion. The expansion, which was constructed during an economic downturn and is already approximately 60% occupied, demonstrates the strength of the organization and its ongoing commitment to serving the seniors of Milwaukee.

Saint_John's Board of Directors conducted the extensive search and Board Chairman Thomas W. Scrivner, partner at Michael Best & Friedrich LLP commented on their decision. “Renee’s commitment, her many contributions to Saint_John's over many years, her passion for person-first, and her financial expertise were cornerstones of the Board’s decision to select Renee for the position of President. Renee’s operational responsibilities have given her unique opportunities to deal in a leadership capacity with the management team, employees, residents, depositors, families, bondholders, vendors, and suppliers. The Board believes that the continuity that Renee represents and the leadership that Renee will provide assures continued success for Saint_John's.” In accepting the position, Ms. Anderson stated, “I am delighted to be offered this opportunity. Saint_John's has a longstanding reputation as a leader in retirement living; I am excited about the next chapter in the life of the organization and look forward to continuing to serve our current and future residents.”

Saint_John's roots date back to 1868 when the organization was founded as shelter services by Women of the Episcopal Church. Today, Saint_John's is an independent organization; current and future residents represent a wide variety of cultural, social and religious backgrounds. The community’s commitment to seniors includes not asking any resident who has exhausted their funds to vacate their residence – thereby potentially becoming a burden on the State. In 2010, Saint_John's subsidized approximately $50,000 in resident fees and provided approximately $500,000 of uncompensated health care. In addition, Saint_John's Board of Directors and Leadership Team are engaged in a variety of local nonprofit organizations and Saint_John's regularly works with the surrounding community to provide meeting space with no room-reservation charge.