Not for profit MercyCare will boost its residential aged care services with the acquisition of privately-owned Belrose Care Group for an undisclosed sum.
Not for profit MercyCare will boost its residential aged care services with the acquisition of privately-owned Belrose Care Group for an undisclosed sum.
MercyCare will take ownership and management of Belrose’s four aged care facilities in Joondalup, Kelmscott, Maddington and Rockingham, adding to its existing facility in Wembley.
The acquisition will boost MercyCare’s total number of beds from 113 to 367, with the group also planning to invest in refurbishment and expansion of Belrose’s sites to lift its capacity to 500 residents.
MercyCare’s workforce will also grow to 1,000 with the addition of 300 Belrose staff.
MercyCare chief executive Chris Hall said the refurbishment work would expand Belrose’s existing facilities and services.
“We are already in the process of undertaking a major refurbishment of our existing facility at Wembley, so we have very recent and ongoing experience in managing extensive capital works projects in an aged care setting,” Mr Hall said.
“We want to make sure that all our residents are provided with a warm and inviting home, with improved facilities and amenities.”
MercyCare was advised by Azure Capital.
The MercyCare deal is the latest of several major takeover deals in the aged sector in Western Australia.
In September last year, Opal Aged Care acquired 191 operating aged care beds from St Ives across two sites in Murdoch and Melville and a further 120 offline licences assigned to the development of a new aged care facility in Carine.
Prior to the acquisition, Sydney-based Opal had six residential care facilities in WA, and 69 nationally.
Today’s MercyCare deal will make the organisation larger than Melbourne-based Mercy Health, which moved into the WA market in 2014 when it took over the operation of six existing facilities.
Both entities share a similar history related to the Catholic religious order, the Sisters of Mercy, but are otherwise separate with no affiliations.
Mr Hall said the acquisition would allow the organisation to expand its operations as a Catholic provider of aged care, family, health and community services.
“We want to reassure residents, families and staff that we will do everything we can to manage this transition as seamlessly as possible,” he said.
“MercyCare is dedicated to putting our residents’ needs first, and we will ensure they and their families are confident, well-informed and comfortable throughout the process.”
