The Not For Profit has acquired a former Estia Health 52-bed aged care home in Long Gully, a suburb of Bendigo, 150km northwest of Melbourne.
The Long Gully acquisition follows mecwacare's Flora Hill acquisition in Bendigo, acquired from Royal Freemasons' about 12 months ago.
In 2023, the purpose-built Long Gully home was closed as Lilly Lodge by the then ASX-listed operator Estia Health. The home has been vacant since October 2023 after operating for about 60 years. Estia Health, now owned by private equity firm Bain Capital, said it would move residents to its nearby 144-bed Kangaroo Flats facility, which it had acquired from Not For Profit Victorian provider Royal Freemasons.
The Long Gully home had been on the market for nearly 12 months.
The single-level home is located at 9 Brown Street on 5,777 square metres of land and has three street frontages. It is close to medical centres, shops, and commercial services, and is 3km northwest of Bendigo's city centre.
Though purpose built for aged care, the property was also pitched to childcare and NDIS operators, but was ultimately acquired by the Victorian aged care operator.
A spokesperson for mecwacare said the Not For Profit will undertake a multi-million-dollar re-development of the site which will include:
- A complete renovation of the existing residential aged care facility
- Space to house a new home care office for the region
- Potential space for allied health/GP clinic
mecwacare CEO Anne McCormack recently told The SOURCE she would like to see greater recognition from Government of the palliative care and acute care services delivered in residential aged care, in our 'political wishlist' series ahead of the Federal election.
Anne will be a speaker at LEADERS SUMMIT 2025 in March. Click here to register to attend.