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Bankrupt brothers’ aged care homes into administration days before residents’ families’ deposits had to be paid

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The company owning Chronos Care’s two aged care homes in Melbourne, founded by brothers Chris and Gerry Apostolatos who within weeks were declared bankrupt, has gone into voluntary administration six days before it was required to return deposits to families of former residents.

Administrator PCI Partners has assumed control of the day-to-day operation of Cronos Care’s aged care homes in Alphington, 7km north-east of Melbourne’s CBD, and Mount Eliza, 63km south of Melbourne’s CBD, after Chronos Care’s holding company Mali Nominees Pty Ltd went into administration on 30 July.

The company had been ordered by the Federal Government’s Aged Care Quality and Safety Commission to return the deposits by 5 August or be stripped of its status as an approved provider and lose all federal funding, as The Weekly Source reported last month.

“Please be assured that the residents’ welfare is my highest priority and I am liaising with the Department of Health about my appointment. My role as administrator will be to assess the options available for the future of the facilities,” administrator Stephen Michell wrote in a letter to families of residents.

Chris and Gerry Apostolatos pleaded guilty to the mistreatment of more than 1 million chickens in March 2015.


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