Masonic Homes (SA) has negotiated the sale of its four aged care facilities and community care services (with 500 staff) to Adelaides ECH a 1,300 staff community based Not for Profit. Masonic Homes CEO, Doug Strain, says their strategy includes significant new investment in expanding services to their five existing villages in Adelaide and Darwin, with the emphasis on adaptable housing to allow residents to stay at home for their full life. He says national expansion is likely.
Aspen Group ups its offer to buy seniors rental operator Eureka
Aspen offered 0.28 of its own shares for every Eureka share, in a best-and-final bid that has no minimum acceptance conditions and runs until 28 May. It’s an increase from the 0.26 ratio it offered earlier, which has been rejected by the board and...