A quiet achiever in QLD, Southern Cross Care, has completed the first stage if its redevelopment of its first care facility site in Holland Park. A bold move by CEO Peter Bell (pictured) given its location and being a vertical development in a traditionally working class suburb (but 8 KL from the CBD), the new Duhig Village is a 142 room four level facility that replaces Archbishop Duhig Court Hostel & Nursing Home. With the transfer of 80 residents from the old facility to the new plus the local demand, the new building already has a waiting list for all standard beds. The 36 bed top floor Extra Services level is filling with bonds approaching $500K. The facility y was opened (and blessed) by Archbishop XXX.
Mergers & Acquisitions
Estia Health buys two of Mark and Evette Moran’s three aged care homes
Bain-capital owned Estia Health is continuing its acquisition campaign with the announcement it is purchasing two aged care homes from Mark Moran Group, homes at Little Bay and Warrawee in Sydney, NSW.
