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The NZ-owned provider is rumoured to have paid between $30M and $40M for the Moondah Estate at Mt Eliza, outbidding tenders from other major aged care operators.
Another casualty of the market collapse in aged care stocks is the expected sale of the 44 aged care home operator Allity. Discussion in financial circles is that it was planned to be placed up for sale next year – but that has now been postponed to at least 2019.
It is nine days since 5 September when the market bailed out of the three listed aged care operators.
After four years as the inaugural CEO of the Retirement Living Council, Mary Wood has announced she is leaving to take up the role of Executive Director, Strategy & Design for ACT Health. She finishes on 21 October.
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.
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