A new cycle of consolidation and growth
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s the Federal Government begins to ramp up its compliance regime in light of the Royal Commission’s findings, and the effects of the COVID-19 pandemic continue to ripple around Australia, a new wave of investment in Hall & Prior’s aged care homes and a strong commitment to create and grow new communities is already in progress.
In light of the Royal Commission’s comprehensive roster of recommendations, the Hall & Prior Group is currently engaged in a progressive program of consolidating existing facilities with an eye to future growth in WA and NSW. By David Holmes, Director Corporate Development Hall & Prior.
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Whether this is a consolidation of more of the same - like the award-winning new Perth Hill’s aged care community at Karingal Green - or moving into new areas like creating independent living facilities, the Hall & Prior Group has its eyes fixed firmly on the future. Maintaining infrastructure is a constant, but also remains heavily influenced by markets of the day. The dynamics of the aged care industry even just five years ago was more conducive to growth; now it is much less predictable. Smaller operators and even some large providers are positioning to sell assets or scale up as the uncertainty created by COVID-19 and the Royal Commission’s findings continue to reverberate.
