06/12/2019 - 15:32

Bethanie buys Subi, Como centres

06/12/2019 - 15:32

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Aged care and retirement living provider Bethanie has acquired Berrington Care Group's Subiaco and Como centres, which it expects to operate early next year. The sale comes five months after Berrington went into administration.

Bethanie says it expects to operate Berrington's Subiaco and Como facilities early next year.

Aged care and retirement living provider Bethanie has acquired Berrington Care Group's Subiaco and Como centres, with Bethanie to take charge of the facilities' operation early next year.

The announcement comes five months after Berrington went into administration, with KPMG’s Hayden White, Wayne Rushton and Stephen Parbery appointed as administrators.

Berrington’s Subiaco and Como facilities have a combined 211 beds, according to BNiQ data.

The Subiaco facility opened in 2013, while its Como facility cost $60 million and was built in 2017.

The total cost of the acquisition is yet to be confirmed.

KPMG’s Mr White said the sale to Bethanie was the best possible outcome for all stakeholders involved.

“It provides certainty to the residents which means they can continue to enjoy the high-quality care that they are used to and provides ongoing employment for the Berrington staff,” Mr White said.

Bethanie chief executive Christopher How said the acquisition would provide accommodation opportunities for more senior Western Australians.

“The opportunity comes at the right time for Bethanie and is consistent with our strategy to expand our business within Western Australia,” he said.

Mr How said the administrator was working closely with staff from the Department of Health, which he thanked for its efforts to minimise disruption to residents of both the Subiaco and Como facilities.

Bethanie will meet with Berrington residents and their families, as well as employees, next week to discuss the proposed acquisition.

In August, Bethanie announced a 34-cottage development at its existing Esprit Retirement Village in Eaton, near Bunbury.

Construction is expected to complete by August 2022.

The company has 891 residential beds across its aged care facilities in WA and employs 1,600 staff.

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