As we covered here, listed funds manager and investment bank Moelis acquired a 70% stake in Infinite for $45.4 million last September.
Founders Chris Stride and Tony Partridge have maintained their 30% stake and continue to head the business, which currently has five aged care facilities in SA.
With their head office now located in Bundall on the Gold Coast, Joint Managing Director Chris Stride says the Toowoomba facility will set a benchmark for their new generation of facilities being developed across Australia.
The 134-bed facility, due to open in December 2018, will feature four wings over three storeys including a 32-bed memory support unit and is designed to take advantage of its elevated position with views of Mt Lofty.
They are also building a second 133-bed facility at Cornubia, 30km southeast of Brisbane to open in 2019, and have facilities planned for Ipswich and QLD’s north and south coast regions.