Topic - Acquisitions

Royal Freemasons (VIC) pay $21.8M for two Monash Council care facilities

Feb 04 2014 Updated May 3, 2023

The Weekly Source

1 min read

Ending seven months of heavy local protest against the sale, Monash Council agreed to sell Monash Gardens and Elizabeth Gardens to Royal Freemasons for $21.8M in cash. A petition of 10,000 names plus social media campaigns and the in 1867, operates five high care facilities in Melbourne plus 10 retirement villages. They will recruit from the 180 existing council care staff.

Respect enters QLD with acquisition of seven BlueCare aged care homes and four co-located retirement villages

The Not For Profit, which specialises in acquiring rural and regional care home, announced this morning it will take ownership of several sites from the health and community arm of UnitingCare Queensland.

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Ian Horswill

15 May 2025

Government Policy

Rising political star Sam Rae appointed Minister for Aged Care as Anika Wells takes on a new portfolio

Sam Rae, who was elected the member for Hawke in 2022, has been appointed the Minister for Aged Care, while Mark Butler retains the Health and Aged Care ministry Anika Wells moved to the Communications portfolio while retaining Sport.

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Caroline Egan

12 May 2025

Opinion

Why this letter from a resident should be read by all village operators

For the second time in as many months, the retirement village sector faces an uphill battle with a branch of government not understanding or appreciating what the sector offers ageing Australians, or the communities they remain a part of. In March...

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Ian Horswill

13 May 2025

Mergers & Acquisitions

Aveo’s preferred buyer Scape reveals new senior housing business Living Co

Stephen Gaitanos, the Co-Founder, Managing Director and Group CEO of Scape Australia, the country’s leading residential-to-rent owner and operator, has told Mingtiandi’s Singapore Forum that the group will provide accommodation for seniors.

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Ian Horswill

19 May 2025

For Purpose Aged Care opens second WA home as national expansion continues

The residential aged care operator has celebrated the latest milestone in its Signature Care development pipeline, officially opening its second aged care home in Western Australia. The new 144-bed Mandurah Community Care facility, located in...

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Puttin’ on the Ritz - redevelopment of historic hotel in NSW’s Blue Mountains one step closer

A community event was held last week for locals to provide feedback on Pathways Residences’ designs for the redevelopment of the historic Ritz Hotel in the NSW Blue Mountains’ historic village of Leura, into a 137-bed luxury aged care home through the State Significant Development pathway.

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HammondCare’s $63M final restoration of its aged care heartland begins

HammondCare’s final transformation of its flagship Hammondville site, 31km southwest of Sydney’s CBD, with two new multi-storey aged care homes began on Wednesday with the demolition of the original 93-year-old Bond House nursing home.

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$50M plus pre-release sales for Stage 2 of Reside Communities’ Fairway Carindale, with three-bedders hitting $3.6M

Fairway Carindale’s first stage, Ivy and Aster, which featured 52 luxury apartments within Pacific Golf Club’s 53ha site, opened in late Janaury

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Ian Horswill

19 May 2025