Another aged care and village operator has gone bust – but there are questions over how many residents will need to be re-homed as a result.
Receivers KordaMentha and managers SV Partners were appointed at the start of June to oversee the 36-bed Mount Providence Village aged care home in Muswellbrook in NSW’s Upper Hunter region after the company that owns the site went into liquidation.
The property is now for sale through Savills and Commercial Collective – along with 14 adjoining one- and two-bedroom villas and 5,000 sqm of adjoining land with significant development upside (STCA) – less than three years after it was purchased by New Aged Projects No. 2 owner and director Dylan Walsh.
Muswellbrook Citizen of the Year, Len Kelman told the ABC he was concerned for the elderly residents who had lived in the area their entire lives. “They’ve served this town well, they’ve paid a lot of contribution and I'm pretty emotional about it,” he said.
However, we understand the site – previously used as mining camp by BHP – had only been used as an aged care home since the start of the pandemic and only had three residents at the time that the company declared insolvency.
KordaMentha tells us they now expect the site to sell soon.
