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The project at Kununurra in WA’s far north will boast 32 aged care beds plus home care and support services tailored to both the Kimberley climate and the local culture.
The unnamed operator fought off competition from another provider and an Asian developer to purchase the 5200m2 site on the corner of Brunswick Rd and Barkly Street.
The collapse in the price of aged care companies listed on the stock exchange is really bad news for everyone – residents, operators, staff and suppliers.
Last week was bad but this week is really bad for the share price of Estia, Japara and Regis.
DPS Publishing has restructured and sold just over 40% of its equity to an Adelaide private equity group. All up ten investors have kicked the bucket plus a Commonwealth Bank loan facility has been taken out. The seller is David Baker and related structures.
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