Estia Health, one of Australia's largest aged care providers, has lodged a development proposal for a greenfield aged care home in Findon, 9km northwest of the Adelaide CBD, South Australia.
The site was one of two development sites that Estia Health purchased in its acquisition of Premier Health Care in 2022, along with four aged care homes. The other site, located in Myrtle Bank, 5km south of Adelaide city, has also been expanded.
The two-storey home, if approved in its proposed form, will accommodate 124 residents, with two-bed rooms available for couples.
Facilities will include a cafe, hairdresser, healthcare rooms, a dedicated memory support wing, and sensory stimulation.
The development will facilitate a focus on gardening, horticultural therapy, outdoor exercises, connecting to nature, and a looping walking route.
"The ultimate decision to proceed with the project will likely be made later this year when we can determine the final feasibility, which remains challenging given significantly higher construction costs," an Estia Health spokesperson told The SOURCE.
"We will continue to assess the relative attractiveness of growth via acquisition and development as the regulatory and funding landscape becomes more certain.”
Estia Health, which was recently acquired by US-based private equity firm Bain Capital and delisted from the Australian Stock Exchange on 18 December 2023, recently closed aged care homes in Benalla and Bendigo after acquiring two nearby homes from Not For Profit Royal Freemasons.
Estia Health now has 75 aged care homes and cares for 8,000 residents across Victoria, South Australia, New South Wales, and Queensland.
