Members of Yackandandah Health Limited, a community-owned Not For Profit organisation that runs an aged care facility, primary health service, home support, and childcare centre 313km north east of the Melbourne CBD, have voted against a proposal to be taken over by For Profit, Sydney-based aged care alliance Apollo Care.
In a Special General Meeting, 70 voted against the proposal (38%) while 114 voted for (61%). A 75% majority was needed for the proposal to go ahead.
Apollo Care CEO Stephen Becsi told The SOURCE, “The Apollo Care Alliance wishes the Yackandandah community the very best as it navigates the path forward to providing excellent services to the residents (and their families) in aged care, the children and parents at Little Yacks, the townspeople attending the general practice, as well as all the wonderful staff across YHL.”
The SOURCE: Recent reforms and cost pressures are driving many smaller, regional aged care providers to make the difficult decision to close or are selling out to larger operators. We expect this trend will continue in the medium term.
