Malaysian healthcare provider, KPJ has announced its purchase of 51% of Jeta Gardens in Bethania, Queensland for approximately AUD$45 million. Jeta Gardens is an Asian themed retirement village and aged care complex offering 108 beds, 23 units of retirement villas and 32 units of apartments located on 64 acres of land.
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Thinking of rescuing a collapsing aged care home? Expect to pay $50K to $1.5M to get the deal done
As ACCC merger reform collides with a shifting transfer system, saving an aged care home could soon cost operators months in delays and hundreds of thousands in filing fees before a single resident moves. Two big obstacles have been added to helping...