RSL Lifecare has won the tender to acquire the Narrandera Shire Councils Teloca House aged care facility with 46 low care beds. A small project but telling. The council states it is not positioned to adapt to the new challenges of the Commonwealths Living Longer Living Better aged care strategy. It needed to get out of the business.
RSL LifeCare is one of several not-for-profit operators steadily expanding in regional areas, mopping up opportunities such as this. Founded on the northern beaches of Sydney, they now are operating 22 village locations plus 21 aged care locations across NSW and ACT.
Southern Cross Care (the Catholic Knights of the Southern Cross) led the strategy under now retired CEO John Ireland. They now have 25 country and 15 metro village and care locations across NSW and the ACT.
Retirement village sector veteran Kim Teudt 12 months ago was moved from GM Retirement Villages to GM Acquisitions and Business Growth by QLDs Churches of Christ. She is travelling the country looking for villages in care opportunities she can mop up with several in the pipeline.
The Narrandera Council reports that RSL LifeCares tender will deliver a refurbishment and expansion of their facility ensuring that allocated beds will remain in the community.
