It was thought that the turmoil surrounding the 65+ Village Life rental villages would end in 2007 with their acquisition by Queensland village operator Sunny Cove (the SCV Group) after they ran dangerously close to running out of funds. However despite the best efforts of SCV management, Village Life they have not been able to secure the agreement of investor/owners of 18 villages to the transfer to SCV. The owners are insisting that Village Life take back and honour their original operator contracts.
Healthcare Australia buys home care provider My Care Solution
South Australian family-owned home care provider My Care Solution has sold its operations to Healthcare Australia, which is owned by Sydney-based venture capital firm Crescent Capital. Healthcare Australia is a healthcare staffing business, with...