Seasons Supported Living has bought the financially troubled Lifestyle Estates retirement village in Ipswich, west of Brisbane. The company has served eviction notices on 46 tenants amid reports that they intend to convert the property into an aged care facility to increase profitability. Seasons managing director Paul Browne said residents had been asked to relocate by March 2011. It is unclear whether Seasons has received or applied for planning permission to transform the property into an aged facility which could leave them open to fines and more bad press.
Opinion
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...
