Nieves Murray, CEO of Illawarra Retirement Trust (IRT), has announced the purchase of Links Seaside, a new village and care facility on a prime ocean beach location just north of Wollongong. It consists of 154 ILU's plus 98 care beds and 63 serviced apartments. Links Seaside was purchased from Fred Ferreiras Horizon Living. IRT is the country's largest not-for-profit, community-based aged care and retirement living provider with 16 residential care locations, mainly serving the South Coast of NSW and now Canberra.
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Thinking of rescuing a collapsing aged care home? Expect to pay $50K to $1.5M to get the deal done
As ACCC merger reform collides with a shifting transfer system, saving an aged care home could soon cost operators months in delays and hundreds of thousands in filing fees before a single resident moves. Two big obstacles have been added to helping...