Rosewoods planned Leederville (WA) care facility of 120 beds, costing $40 million has stalled. They have also stopped redevelopment of their West Perth facility. The empty Leederville project has cost $2 million to date and is costing Rosewood $20,000 per month. It may have to be sold.
Breaking news: For Purpose Investment Partners’ aged care platform buys Graeme Croft’s Signature Care
For Purpose Aged Care Australia (FPACA), the aged care provider established by social impact investment vehicle For Purpose Investment Partners (FPIP), is moving forward on its vision of reaching 5,000 beds, acquiring 14 aged care homes – eight on...