The nation’s largest Not for Profit aged care provider Bolton Clarke has agreed to buy the family-run McKenzie Aged Care which has residences in QLD, NSW and VIC.
Bolton Clarke, said in a statement that the agreement, still subject to completion, would see McKenzie Aged Care transfer nine residential aged care homes and two retirement villages in QLD to Bolton Clarke, together with the management rights for the Victorian-based business’ eight additional homes.
The deal would make RSL Care RDNS, which trades as Bolton Clarke, the largest operator of aged care homes in Australia.
Bolton Clarke CEO Stephen Muggleton (pictured) said he was pleased to have been able to find a way to bring McKenzie Aged Care into the Group after two years of complex negotiations.
“McKenzie Aged Care has a high-performing team, exceptional quality compliance record and a strong reputation with residents, families and referrers,” he said.
McKenzie will retain some of the freehold properties for the aged care sites. The McKenzie sisters Sally and Mary-Ann McKenzie (pictured) launched their business in Melbourne in 2001.
Bolton Clarke now has 87 residential aged care homes and 38 retirement villages. In addition, it supports 130,000 people through its Home Care programs.
“We are delighted that Bolton Clarke Group will be the new owner and custodian of McKenzie Aged Care. We are confident we hand over to an organisation with shared values, goals and ability to deliver quality care to ensure that McKenzie homes remain as a place of choice for people to live and work in for many years to come,” the McKenzie family - Sally McKenzie, Mary-Ann McKenzie, Michael Powell and Rob Hutchison – said in a joint statement.
The move, another act of consolidation in the sector, follows Bolton Clarke’s $700 million purchases of ASX-listed private company Allity, then Australia’s sixth largest residential aged care provider and its 43 homes, in December 2021 and Perth-based Acacia Living in November 2021.
In December last year, Bolton Clarke sold the land and residential aged care buildings at nine Allity sites in SA to Australian Unity for $220 million under a 20 year leaseback arrangement.
