The Weekly SOURCE reported Ryman Healthcare ended its long-planned village at Moondah Estate, Mt Eliza, on 8 December. Ryman paid a reported $37.5 million for the former Melbourne Business School campus in 2016.
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.
