Buying
TLC completes purchase of 2.99 ha SE Vic site
Jul 21 2020
1 min read
The Weekly Source

TLC Healthcare has completed the purchase of a 2.99-hectare property adjacent to the company’s Homewood Residential Aged Care site in the south-eastern Melbourne suburb of Hallam.

Their Homewood site currently houses 180 aged care places operating at 100% occupancy.

TLC CEO Lou Pascuzzi hopes to add an additional 60 places with the acquisition.

The land will also be used to expand the current community medical centre.

Latest stories

The Weekly SOURCE

Unions and aged care providers’ peak body at odds over staggering Stage 3 wage rise

The peak body for aged care providers, Aged and Community Care Providers Association (ACCPA), is reluctantly supporting the Government’s April 2024 proposal to phase in the Fair Work Commission (FWC)’s Stage 3 wage rise for aged care workers. “The...

Caroline Egan
5 hours ago
The Weekly SOURCE

Ryman Healthcare lead Australia’s winners at the 12th Asia Pacific Eldercare Innovation Awards

The New Zealand offshoot won four awards, and the nation’s leading Not For Profit aged care operator Bolton Clarke received two awards. Sydney-based luxury care home operator Mark Moran Group, Rockpool Residential Aged Care, The Pure Food, mCare...

Ian Horswill
8 hours ago
The Weekly SOURCE

With high property prices Lifestyle Communities’ DMF model shines

The Melbourne over 55s land lease operator is the only leading operator to use a Deferred Management Fee (DMF). Lifestyle Communities claim it requires a DMF to ensure that it has funds to refurbish and maintain community facilities over future...

Ian Horswill
9 hours ago
The Weekly SOURCE

Housing home run, or swing and miss

Credit to Daniel Gannon, Executive Director of the Retirement Living Council, who came out swinging in his regular newsletter following the leaked news that the Federal Government was not going to address the recommendations of the Aged Care...

Chris Baynes
9 hours ago