Regis Aged Care Pty Ltd (“Regis”), a wholly owned subsidiary of Regis Healthcare Limited, is pleased to announce that it has contracted to acquire the majority of the Masonic Care Queensland portfolio from Freemasons Queensland Board of Benevolence.
Regis will assume the responsibility for the operation and assets of the majority of this portfolio from 1 June 2016, subject to the approval of the Department of Health.
A separate vendor process has commenced today for a suitable not-for-profit provider for Masonic Care Queensland’s Gold Coast site which Regis did not acquire. 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 said 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 well-being and the quality of care and services they receive are paramount,” Mr Mark said. “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 operated in Australia for over 20 years and has 47 facilities throughout the country.
“We are very excited to be adding the Masonic Care Queensland portfolio to our family across Australia,” Regis’ Managing Director and Chief Executive Officer Ross Johnston said. “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.”
Regis has over 5,000 operational places and employs in excess of 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.
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Kirsty Nottle, General Manager Investor Relations and Corporate Services, Regis Healthcare Limited
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Karen Tilke, General Manager Marketing Communications and Public Relations, Masonic Care Qld
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