Exclusive: Scalabrini Communities moves into South Australia
The acquisition represents more than a 25% increase to its residential care portfolio and a fivefold lift in home care services.
The acquisition represents more than a 25% increase to its residential care portfolio and a fivefold lift in home care services.
The cost to build is $128,000 per bed, far lower than costs to build new, which can range up to $800,000 per bed for new builds in regional areas.
The deal follows Prestige’s acquisition of Vision Australia’s Home Care Package clients on 1 October and its acquisition of Mayflower’s community-based care on 1 November.
“The existing development approval significantly derisked the site, enabling the buyer immediate entry into a high-demand downsizer and aged care market.”