Innovator Group Homes Australia strikes $50M deal with Heathley for national expansion

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The dementia and high care specialist has announced it will partner with the property fund manager to buy and develop new homes through the unlisted Heathley Aged Care Property Fund No.1.

Heathley will go into a long-term lease with Group Homes Australia at each property, with an initial commitment of $50M. Under the new arrangement, the provider will also have operating responsibility for the homes.

Founded by CEO Tamar Krebs (pictured) in 2012 with a $3.5M investment, Group Homes has since grown to eight residential style homes across Sydney. Each home caters for just six to ten residents, located in a traditional suburban street.

Residents lead as close to a normal home life as possible with staff supporting them up to palliative care. Ms Krebs has been keen to expand the model nationally. Heathley is also seen as a referral base for new residents.

“There are clear benefits in terms of the deep networks of high net worth individuals and institutional investors that Heathley Limited has built over its 40-year history,” she said.

Group Homes also plans to continue its growth through referral partners in the health system and online marketing.

We are pleased to advise that Tamar Krebs will be a speaker at our LEADERS SUMMIT 2017, March 16 & 17 at the Hilton Sydney.