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.
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...