Opal HealthCare takes on Aveo’s four aged care homes in strategic partnership

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The private operator has added to its portfolio of 80 residential care communities, forming a partnership with retirement village operator Aveo to take on its four aged care homes.

As we reported in Tuesday’s SOURCE, Opal will own and operate Aveo’s four residential aged care communities: Aveo Durack Aged Care, Aveo Newstead Aged Care, both in Brisbane, Aveo Mingarra Aged Care in Melbourne and Aveo Minkara Aged Care in Sydney.

The partnership also includes the transfer of two development sites to Opal HealthCare – one at The Clayfield in Brisbane, where a new aged care home will be built alongside Aveo’s existing village, and the other alongside its existing Mingarra Aged Care to grow the site.

The strategy will see Aveo focus on its 92 retirement villages and expanding its home care services from 1,000 Care Packages under management to 2,000 by 2023, while Opal will increase both its beds and its development portfolio.

Opal HealthCare CEO Rachel Argaman says that the provider welcomed over 300 Aveo residents and 430 team members to the Opal family last Wednesday.

“We look forward to a long partnership as Aveo focus on their 92 retirement living communities, and Opal will work with them to help provide a holistic continuum of care for their customers,” she said.