Cowra Retirement Village pulls out of Harden home sale

Cowra Retirement Village has withdrawn its interest in acquiring St Lawrence Residential Aged Care from Southern Cross Care NSW & ACT due to an unsuccessful funding application.

Cowra Retirement Village has backed out of its commitment to purchase St Lawrence Residential Aged Care in Harden because it was unsuccessful in the recently announced residential aged care funding round.

As previously reported, Southern Cross Care NSW & ACT announced in February it would close the 45-bed facility as demand for beds at the home was “below industry average” for the past three years.

Three months later not-for-profit aged care provider Cowra Retirement Village announced it wanted to acquire the facility.

However, Cowra Retirement Village said its plans to purchase the home were quashed when its application for capital funding through the 2020 Aged Care Approval Round was denied.

Cowra Retirement Village CEO Scott Kable said the provider had to withdraw the contract to acquire the 45-bed home.

“The board of directors and management of the Cowra Retirement Village are extremely disappointed with this outcome and it is with regret that the Cowra Retirement Village have no option but to rescind the contract to purchase the facility from Southern Cross Care,” Mr Kable said.

Helen Emmerson

Cowra Retirement Village chair Ian Donges said it would be to financially-risky to buy the home without the capital grant.

Southern Cross Care NSW & ACT wants to see St Lawrence Residential Aged Care facility transferred to an organisation that can operate in a safe and sustainable way, said CEO Helen Emerson.

“Cowra Retirement Village were well credentialed to take on St Lawrence, and it is unfortunate the government didn’t make the capital funding available,” Ms Emerson said.

Main image: Southern Cross Care NSW & ACT St Lawrence Residential Aged Care Facility

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Tags: cowra retirement village, helen emmerson, Ian Donges, scott kable, Southern Cross Care NSW & ACT, st lawrence residential aged care,

1 thought on “Cowra Retirement Village pulls out of Harden home sale

  1. They have every good reason to pull out of the sale, over 70% of large homes that have economy of scale ability are going broke. Small 45 bed places are simply not viable and this was stressed in the Royal commission…. remember the RC? …Lots of money spent for this government to ignore the one big problem.. funding!!

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