Baptcare has acquired three aged care investments in Victoria’s Gippsland region from Alliance Care Services Group.
The deals, for Abbey Gardens Aged Care in Warragul (pictured, top), Amberlea Aged Care in Drouin and Heritage Manor Aged Care in Morwell, were brokered by EY’s Marcus Willison.
The vendor’s executive chairman Mark Howes said the disposal was part of a broader strategic review and would guarantee the continuation of high-quality aged care services for seniors in the region.
“Baptcare shares our commitment to delivering excellent care based on dignity and respect,” he added.
“It has a strong track record of more than 70 years…providing quality in-home care, residential care and retirement living for seniors”.
The incoming owner’s portfolio includes 11 residential aged care homes across Victoria and Tasmania including in the LaTrobe Valley, near Gippsland.
“This is a great outcome for residents, families, staff and the broader community, with another high quality organisation guaranteeing that conditions for all residents and staff will continue,” Mr Howes said.
Baptcare chief executive Graham Dangerfield added the purchase showcased the group’s commitment to regional communities.
“Our vision is to create communities where every person is cherished and that includes partnering with people to enhance their health, safety and comfort so they can continue to live their lives with meaning,” Mr Dangerfield said (story continues below).
“Baptcare provides residential aged care for more than 1400 people so we are honoured to be able to extend our service offering within the Gippsland community”.
Residents at the three centres will retain their places with no additional cost as a result of the sale.
“All staff will be offered continuing roles with Baptcare, so residents will be comforted to know that they will continue to be cared for by the same friendly and familiar people,” chief executive officer, Ray Jacobson said.
“The growth of Alliance Care Services Group from a single home almost 20 years ago to a portfolio of three of the region’s leading residential aged care facilities was a Gippsland success story,” he added.
“The founding directors and I are very proud of what we have achieved in building our group to encompass three homes providing care for 310 residents and employment for 435 staff.
“We now believe that the time is right to allow the homes to grow and thrive under a bigger aged care organisation that has the opportunity to continue to invest in the homes and maintain the focus on delivering the highest standards of care.”
Settlement is expected in February 2019.