Anglicare NSW has contracted to sell three aged care facilities near Eden on the far South coast plus two village and care facilities in the ACT to RSL LifeCare. This takes a number of locations RSL LifeCare operates to approximately 20. Anglicare decided to sell when it appreciated it could not afford the necessary refurbishments, including new sprinklers.
Prices for aged care homes in demand “far exceed” recent valuations
Aged care homes are selling for prices well above their most recent valuations, fuelling a surge in merger and acquisition (M&A) activity across the sector, according to aged care consultancy Pride Aged Living.