Late last year Adventist Aged Care purchased the two Greenleaf villages located at Belmont and Wyee from Bankwest appointed receiver Grant Thornton, part of the carnage created by Bill Lewskis Prime Trust demise and LMs abrupt withdrawal of mezzanine debt to developer Brent Tilse. The Adventists have announced they are proceeding with building 97 ILUs at Wyee and have a further 50 to build at Belmont.


RIP: We are seeing the death of the family-run aged care operator
It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...
