The needs of Australia’s aging population have resulted in significant growth in the sector both in terms of the facilities that are being built and the regulations which are being introduced.
The last few years have seen considerable change as the traditional owners of retirement villages and aged care facilities, religious and other not-for-profit organisations, have either been taken over by new entrants or been forced to restructure and, in many cases, consolidate to remain competitive.
Our firm has been involved in many of these transactions. We have acted for the state public sector in the sale of surplus aged care facilities. We also advised the St Vincent de Paul Society on the transfer of its aged care subsidiary and the associated property portfolio.
At an operational level, we assist retirement village operators to ensure that their documentation is not only compliant with regulatory requirements but also simple and user-friendly.