In the final days of her leadership of QLDs largest Not For Profit care operator, Robyn Batten has sold three small villages to ASX listed Eureka for $6M. They are in Townsville (20 units), Southport (35 units) and Brisbane (44 units). That gives an average price per unit of $60,600.
Batten says Eurekas acquisition of the villages builds on our care partnership announced earlier this month, where Eureka will provide housing that is affordable, safe and well managed, and Blue care will provide residents with a range of services tailored to their needs, complementing their lifestyle and promoting greater health and wellbeing.
This purchase takes Eureka to 12 acquisitions in FY16 and gives them 22 villages they own plus nine they manage. Executive Chairman Robin Levison says they have a further seven villages they are under due diligence to purchase.
Eurekas share price has grown from 51 cents at June 30 last year to 73.5 cents today, a growth of 44%.
Robyn Batten notified Blue care she was leaving earlier this year and finishes this Thursday. She also leaves the National Board of ACSA. She is committing herself to Asias Borderless Health Group plus other opportunities.
Under her watch at Blue Care the organisation has been substantially reshaped for Consumer Directed Care. She has also been the one the Federal Government calls whenever indigenous health, particularly in the aged, was coming off the rails in the NT.
