Community
22 October, 2023
Lyndoch centre for sale
LYNDOCH Living has announced its primary health care centre in Warrnambool will go on the market.
The announcement was made on Monday morning, stating the move was part of Lyndoch’s program to restore financial viability to the provider and refine its resident and client care systems of service delivery to ensure compliance with national aged care accreditation standards.
“With regard to quality care, Lyndoch Living continues to have its residential aged care facilities fully compliant to the aged care and quality standards,” the statement read.
“In terms of Lyndoch’s financial position, the reduction in corporate costs and the execution of a range of financial turnaround strategies have assisted to improve the financial results as Lyndoch moves through the 2023-24 financial year.
“However, turning the tide on the financial position does require a multi- factorial approach.”
Earlier this year Lyndoch Living announced it would officially shut down the May Noonan Aged Care Centre in Terang, ending more than a year of speculation.
Lyndoch Living acting chief executive officer Jill Davidson said the latest decision was made with the viability of Lyndoch’s presence in the south west in mind.
“The viability of aged care facilities, particularly in rural areas, is very challenging and requires a strong commitment to clinical services, and a reduction of non-clinical activity including the management of assets,” she said.
“Part of the financial turnaround strategy has been the decision to focus on service provision rather than ownership of buildings.
“We will continue to take up options to occupy a space in the primary care building for the purpose of delivering services where required.
“Our primary focus must be quality care to our residents and clients.”
Lyndoch Living board chair Sue Cassidy said the board had revised the primary care strategy and engaged an agent for the sale of the primary care building to a purchaser who will continue the legacy of providing health services to the community.
“The executive and staff are to be congratulated for the quality and financial improvement that has occurred this year,” she said.
“The development of the Primary Health Care building has been an exceptional contribution to the primary care and business sector in Warrnambool and beyond.”
The opportunities offered to the wider business and health sector community are now available for sale via expressions of interest with JLL Australia and will close Thursday, November 23 at 2pm.
