Caring for rural communities: Federal Govt foots $9.36M annual running costs for new Signature Care facility in regional NSW
Minister for Aged Care Ken Wyatt has visited the site of the $35 million 144-bed aged care facility in Grafton,…
Browsing: Acquisitions
Japara expands NSW footprint with $39M acquisition of Riviera Health aged care portfolio
The purchase includes four aged care facilities at Brighton-Le-Sands, Chatswood, Doonside and Wyong, plus a vacant aged care facility in…
Gateway acquires two SA land lease communities for $45M – increases gearing to $280M
The land lease developer is advancing its expansion plans, purchasing two communities with 555 long-term sites. 488 are occupied with…
Ingenia funds land lease expansion by selling rental villages to Eureka
The villages have been acquired for $18 million through a joint venture (50/50) with an unnamed group of private investors…
Bucking the SA sales trend: Living Choice takes nine deposits in five days at its Woodcroft village in Adelaide
Living Choice’s owners, Adelaide-based Ian Tregoning and Graham Hobbs bought the village from the receivers in 2015. Sales have now…
Gateway acquires site for 176-home community in NSW Northern Rivers – its second in Evans Head
The land lease developer has followed up its solid start to the year by purchasing an eight-hectare lot on Memorial…
NZ: retirement village operators seek exemption from foreign investment ban
The NZ Government’s proposed Overseas Investment Amendment Bill would see NZX-listed operators including Ryman Healthcare and Metlifecare banned from buying…
Regis reports Net Profit After Tax of $27.9M for HY – citing funding cuts and lower occupancy
The ASX-listed provider announced a normalized EBITDA of $61 million and a normalized NPAT of $30.5 million on the back…
UnitingSA plots big $50M aged care and village development for Adelaide
The five-storey development in West Lakes, 14km from the CBD, will feature a three-storey, 108-bed aged care facility, an 18-bed…
Rental village operator Eureka posts $100K loss for FH18 – but occupancy up from 83% to 92%
Eureka has increased its EBITDA to $3.4M for the last six months in line with its full-year profit guidance, despite…