After selling its home care business to Not For Profit BaptistCare last month, Presbyterian Aged Care NSW is still looking to exit residential aged care.
Presbyterian Aged Care NSW announced a strategy to exit the aged care sector more than 12 months ago.
The organisation is not alone in finding the sector difficult, Executive Chair Presbyterian Aged Care Margaret Mackenzie told The SOURCE.
"I don't think we're Robinson Crusoe in facing the challenges of aged care," she said.
"We have divested some of our residential aged care facilities, and we've now fully divested home care.
"We think that [exiting residential aged care is] the best decision for the future and for our residents.
"Presbyterian Aged Care NSW is a relatively small provider, and we think it's an area that there represents better opportunity under larger providers generally. It's a strategic decision for the church."
Presbyterian Aged Care NSW still operates four residential aged care facilities in the Sydney suburbs of Ashfield, Drummoyne, and Thornleigh, and Walcha, 400km north of Sydney.
It operates five retirement villages in Ashfield, Drummoyne, and Eastwood, as well as Bowral and Wollongong, both about 100km south of Sydney. The plan to sell does not extend to Presbyterian Aged Care NSW's five retirement villages, apart from the retirement village at Drummoyne which is co-located with residential aged care.
Presbyterian Aged Care NSW sold The Terraces retirement community and co-located residential aged care in Paddington, 3km east of Sydney’s CBD, to Anglicare Sydney in November 2023 after initially agreeing to buy most of the aged care homes.
