Regis buys Masonic Care Queensland
Regis Healthcare, operator of aged care homes across the country, is taking over the majority of Masonic Care Queensland’s portfolio. A total of 711 beds at six facilities will change hands from 1 June 2016.
The acquisition, subject to the approval of the Department of Health, does not include Masonic Care Queensland’s Gold Coast site, which is for sale through a separate vendor process. Its Texas and Inglewood sites already have different ownership and management arrangements which will remain in place.
Masonic Care Queensland’s chief executive officer Gary Mark says a key consideration in the agreement with Regis was to ensure that conditions for staff would remain comparable under new ownership.
“Our focus has always been to enhance the lifestyle of our residents. Their wellbeing and the quality of care and services they receive are paramount,” Mr Mark says.
“We also recognise and value the tremendous work of our staff and volunteers and the essential role they play in supporting and maintaining the wellbeing of our residents.
“All existing staff will be offered a position with the new provider on equivalent conditions, with residents still being cared for by the same staff who understand what is important to them. Importantly, there will be no change to the financial arrangements for existing residents as a result of this sale.”
Regis has 47 facilities throughout the country, with over 5,000 operational places and the organization employs more than 5,500 staff nationally. On 1 June 2016 when Regis assumes responsibility for these Masonic Care Queensland assets, Regis is expected to have almost 6,000 operational places.
“We are very excited to be adding the Masonic Care Queensland portfolio to our family across Australia,” says Regis’ managing director and chief executive officer Ross Johnston.
“We are proud of our achievements and the addition of these Masonic Care Queensland assets will complement and expand our ability to deliver high standards of care to the aged care community in Australia.”
