2018 was a tough year for Aged Care Operators with the sector being under intense scrutiny from the regulatory bodies and media. During this time, the main shareholders of a group of three facilities in NSW with over 400 beds in total, decided to divest of their going-concern Aged Care assets and retire.

The Mornington is a large and established Retirement Village with over 200 units on Victoria’s popular Mornington Peninsula. Being a community focused provider, it was management’s strong preference that the interests of local staff and residents be protected during and after the divestment of the village.

East West Group comprised a portfolio of three well run facilities that were widely dispersed over Sydney’s Western metropolitan area. As two facilities were quite small and in part outdated, a specialist purchaser who could maximize the facility’s going concern values with a long-term growth strategy in Sydney had to be found. AMICUM secured the same and managed to assist the shareholders of East-West to achieve an outstanding result with their divestment process in a difficult market environment.