Anglicare acquires Presbyterian Aged Care

Anglicare Sydney is acquiring the property, assets and operations of Presbyterian Aged Care (PAC) in NSW.

Both providers started their ministries in the 1940s and PAC offers a variety of residential aged care options at 14 locations in Sydney and the New England area. PAC also assists 2000 people in home care each week.

“The entire aged care sector is facing significant headwinds,” says Anglicare Sydney’s CEO, Simon Miller. “Presbyterian Aged Care is not immune and there was a need to find a way of ensuring [that] the excellent services they have provided for decades were able to continue, to grow and to thrive.

“Anglicare, as one of the largest providers of retirement living, residential care and home care in Sydney, can ensure that residents, clients and staff have a bright future.

“We are in the unique position to have the resources to invest in renewing the Presbyterian Aged Care portfolio over time while maintaining high-quality service delivery and Christian ministry.”

PAC says the decision to divest has not been taken lightly.

“With Anglicare, we have a not-for-profit operator whose Christian culture and values are closely aligned to our own,” says Olivia Wood, PAC’s CEO.

“We share a deep commitment to practical and pastoral care to the elderly, and I feel that our ministry and mission will not be lost in this arrangement.”

Due diligence has begun and the transaction is expected to be completed in the first half of this year.

Says Mr Miller: “Staff can be confident that there is a future for them with Anglicare – we’re keen for PAC’s team to remain with us”.

All operational staff will be

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“Residents, clients and their families can be assured that a change in ownership won’t affect their care,” Mr Miller says. “Anglicare will deliver the same high standards of care as you have enjoyed under PAC.” SC

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