The Victorian Government has secured the former St Vincent's Boys Home in South Melbourne at a discounted price, rumoured to be less than half the land's current commercial value. The land has been earmarked for a new aged care facility. The site is expected to be developed into a combination of ILU's and low and high care beds.


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...
