The “selective acquisition” comprises of 507 beds, of which 265 are operational, and is in line with Japara’s strategy to “deliver the highest quality” of clinical aged care to its residents, and increase capacity to meet the growing community need for residential aged care, while expanding their presence in NSW.
The acquisition of the Riviera Health portfolio includes:
- Four aged care facilities at Brighton-Le-Sands, Chatswood, Doonside, and Wyong
- Vacant possession of the closed Toukley aged care facility
- 4.3 hectares of development land in Wyong
- 507 beds licences, 265 of which are currently operational
Japara Chief Executive Officer (CEO) and Managing Director Andrew Sudholz says the company's immediate focus will be to complete and commission the Brighton-Le-Sands facility and integrate the Riviera portfolio into the company’s high-quality care and operating model, with the medium term goal to seek to develop a new 120 bed facility on the Wyong site as a replacement for the existing Wyong aged care facility.
“We are pleased we were able to secure the aged care portfolio when it arose and be in the position to seamlessly introduce Japara’s high quality care and operating standards to these facilities,” he says.
“It provides Japara with an expanded footprint in high demand location in New South Wales and an opportunity to further develop in these areas.
“Our business model is underpinned by our focus on delivering high quality care.
“It is our foremost priority, and we will ensure that the Japara model of care is implemented into this portfolio by prioritising the clinical and non-clinical care needs of our residents.”
The acquisition was finalised on 1 April 2018, leaving Japara to operate 48 aged care homes across five Australian states.