Calvary expands through Japara acquisition
National
Calvary has acquired aged care provider Japara Healthcare Limited including its five aged care homes in Adelaide.
Valued at approximately $380m, the acquisition was finalised last month after Japara shareholders voted in favour of the takeover.
Martin Bowles, Calvary National chief executive officer, said the organisation would be working closely with the Japara team to transition their care homes into Calvary’s expanded care offering.
“Calvary is in an exciting phase of growth, and the acquisition enables us to influence the future delivery of health, aged and community care services across Australia,” he said.
“Serving a larger community has long been an objective for our expansion across Calvary’s 136-year history in Australia. The acquisition of Japara, and the value it brings, is an important part of this as it enables us to grow our quality aged care portfolio with the addition of 50 aged care homes and five retirement villages.
“This will enable us to further invest in best practice, innovation and continuous improvement, and deliver on our vision to provide quality integrated care to our patients, residents and clients across our hospital, residential care and home care services.
“Calvary’s mission has always been to better serve the people for whom we already care, offer support to more people and be present with people in the times when they are most vulnerable. We look forward to combining the best of both organisations for the ultimate benefit of those in our care.”
Calvary’s footprint will increase to 72 residential care and retirement communities, including a presence in Victoria, Queensland and Tasmania for the first time, in addition to its existing communities in New South Wales, ACT and South Australia.
Japara aged care homes in Adelaide are located at Oaklands Park, Brighton, Walkley Heights, Kingswood and Gawler East.
Calvary became the sole shareholder of Japara on Friday November 5.
Established in 1885 by the Sisters of the Little Company of Mary, Calvary is a not-for-profit Catholic health care organisation.
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