Mercy Health and Southern Cross Care Victoria exploring merger
Mercy Health and Southern Cross Care Victoria have confirmed they are in talks over a possible merger, which could result in the largest aged care provider in Victoria.
Mercy Health and Southern Cross Care Victoria have confirmed they are in talks over a possible merger, which could result in the largest aged care provider in Victoria.
The two Catholic not-for-profit providers said they have signed a Memorandum of Understanding to explore a possible merger “and work together to ensure the quality and consistent care of the people they serve, now and into the future.”
Southern Cross Care Victoria and Mercy Health share a 2,000-year tradition of compassionate care for the elderly and vulnerable, they said in a joint statement.
It is anticipated that if the two organisations are brought together it would create the largest aged and home care provider of its kind in Victoria, they said.
During the next six months the two organisations will conduct a process of due diligence.
“We see this partnership as an opportunity to serve more people, to do so sustainably and to fulfil the missions for which both organisations are founded.”
The news from Mercy Health and Southern Cross Care is the latest in a series of mergers and partnerships in the aged care sector.
Last month Australian Ageing Agenda reported that Perth-based NFPs Care Options, Volunteer Task Force and Community First will merge in early 2017 (read that story here).
Dementia and high care specialists Group Homes Australia announced last month it had entered into a partnership with a property fund manager in a deal that aims to almost quadruple its number of care homes in three years (read our story here).
And in August Victorian providers DutchCare and New Hope Foundation announced their plans to merge so as to expand their provision of ethno-specific and community-based aged care services (read that story here).
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