DuncanPowell has been engaged by secured lenders, Councils and the State Government to assist aged and supported care facilities confront distressed financial circumstances. Our empathetic approach and experience in dealing with entities operating in this industry is the key to achieving optimal outcomes for their unique group of stakeholders.
We were appointed Receivers and Managers of Fernleigh Gardens Estate which owned the infrastructure of an aged care retirement facility in Woodcroft comprising 142 accommodation units. We worked alongside the secured creditor to navigate complex legal issues and complete the redevelopment of certain units so that they could be licensed and marketed for occupation. The retirement village was sold as a going concern to a national retirement village operator following an extensive marketing and due diligence process.
We were appointed Receivers and Managers of the Garden Estates Group which owned and operated two retirement villages with fifty and ninety-six units in the southern suburbs of Adelaide. We addressed and resolved significant legal and documentation issues in order to prepare the facility for sale. The sale process is ongoing.
Stephen Duncan was appointed as Administrator of Emily Grove Supported Residential Facility which housed and cared for 17 residents requiring supported, community based care. At the date of appointment numerous occupational health and safety issues were identified that required immediate action. With the assistance of Anglicare SA, we were able to improve the level of care provided by the Facility to a suitable standard, whilst operating the Facility during the Christmas/New Year period. Due to the poor physical condition of the facility, we worked in conjunction with Anglicare SA, the Department of Families and Communities and the City of Prospect to coordinate assessments of the residents to enable them to be relocated to appropriate accommodation for their individual needs.
We were appointed by the Court as Liquidator of Ability Focus which provided aged care services to the homes of the elderly and disabled in Darwin. The business continued to trade under our control in order to complete Government contracts and ensure debtor recoveries were maximised. All employees were paid in full.
We were engaged to conduct an Investigative Accountants review of the aged care facility for the secured creditor. The facility, based in Darwin, comprised 57 bed accommodation, which included a specialist dementia care and accommodation unit.
Stephen Duncan was appointed as Administrator of Montrose Lodge which operated a 25-bed supported residential facility at Magill for people with mental and intellectual disabilities. During the course of the Administration we addressed many operational issues to improve the level of care provided to residents and the physical condition of the premises. The Administrator successfully sold the business as a going concern and the facility continues to operate.