PresCare put its hospitality business into liquidation – but aged care homes still on the market

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The Queensland-based Not For Profit is continuing to divest its aged care assets.

As we reported here last month, PresCare sold its home care services – with 4,000 clients and 280 staff – to private operator myHomecare Group – which has partners including Enrich Living Services and backed by Quadrant Private Equity.

The operator previously announced it would quit residential care in August after announcing a loss of $12 million.

Now the church put its hospitality company Contented Chef into liquidation.

Contented Chef is a subsidiary of PresCare’s Credere Services Group, which reported net liabilities of $24 million in 2019. Credere also sells mobility equipment and monitoring systems for aged care patients.

PresCare’s six aged care homes remain on the market.

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About Author

Lauren is the Editor at DCM Group and has guided its range of media including The Weekly SOURCE, The Daily RESOURCE and The Donaldson Sisters since 2016. With 13 years’ experience as a journalist, editor and commentator, Lauren is the only journalist to have attended every session of the Royal Commission into Aged Care Quality and Safety, producing 300 issues of the subscriber-only The Daily COMMISSION which offers exclusive insights and analysis of the issues surrounding the Royal Commission and the aged care sector.