Queensland-based aged care provider PresCare , a ministry of the Presbyterian Church of Queensland (PCQ), today announced that following a review of its business it had decided to withdraw from residential aged care (RAC) services and offer its facilities for sale.
The sale process follows a business review conducted by corporate advisory McGrath Nicol, who are now handling the sale of six operating facilities comprising:
- Alexandra Gardens (Rockhampton)
- Groundwater Lodge (Maryborough)
- Yaralla Place (Maryborough)
- Protea by PresCare (Townsville)
- Vela (Carina)
- Lake Sherrin (Thornlands).
The facilities are licensed for approximately 600 residential aged care beds and include some independent living properties.
Also available is the new WR Black facility at Corinda, where construction is complete and operations have not yet commenced.
PresCare CEO, Wayne Knapp, said the decision to exit residential care was made after a detailed and careful review.
“The ongoing capital required to be invested by providers is significant,” he said .
” It has been determined it would be better to redirect the Church’s resources to a broader range of ministry, rather than the current concentration of PresCare’s aged-care operations . Therefore, the facilities will be sold to suitably qualified and resourced alternative operators.
” As we enter the sale process, the wellbeing of our residents remains our key priority. We will be seeking to make it a condition of any sale agreement that existing residents are able to remain in place wherever possible and employees are given every opportunity to transfer to the new owner,” Mr Knapp said.