RETIREES BETTER OFF AFTER EUREKA DEAL

Written on the 8 June 2016

RETIREES BETTER OFF AFTER EUREKA DEAL

EUREKA Group Holdings (ASX:EGH) has partnered with Queensland's largest not-for-profit provider of community care providing retirees at 14 Queensland villages with new services and support.

Shares in the Gold Coast retirement village operator rose to a high of 79c this morning on the back of the announcement of the partnership with Blue Care.  As of midday, shares are trading around 2 per cent higher than this morning's opening price, sitting at 76c.

Eureka chair Robin Levison (pictured) says the partnership with Blue Care will support residents to live independently at their chosen retirement home for as long as possible.

He says they will be able to receive support from Blue Care who are able to assist in accessing government funding for care services.

"(It) is of great benefit to residents at our villages - they will be able to remain in their home, in a supported community and receive care tailored to their needs allowing them to stay with Eureka for an extended duration," says Levison.

Eureka says while retirees are still able to choose their provider of choice, the partnership provides convenient and ongoing access to a trusted provider.

The partnership focuses on Eureka's Queensland villages with other areas of Australia expected to roll out in the future. 

Blue Care executive director Robyn Batten says the partnership aims to provide residents at affordable housing complexes with easy and convenient access to home care and support services.

"The approach involves having Blue Care staff onsite for blocks of time, based on demand," says Batten.

"Residents at Eureka's villages will have access to a range of services to complement their lifestyle and promote greater health and wellbeing."

Eureka currently has 29 villages Australia-wide with nearly 1900 residents.

The company acquired 18 villages over the past two years and is targeting another eight to 10 villages in the next 12 months.


Latest News

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

THE National Broadband Network (NBN) is more than an internet connection, it is an opportunity to transform your b...

VOLATILE INDUSTRY CLIPS FLIGHT CENTRE'S WINGS

DESPITE achieving record sales in the first half, Flight Centre Travel Group (ASX: FLT) profit has suffered the ef...

ARDENT TAKES $95.2 MILLION HIT FROM DREAMWORLD TRAGEDY

ARDENT Leisure has taken a $95.2 million write-down on the value of its Dreamworld theme park following the tragedy t...

AGENT EXITS, LOW LISTINGS HURT MCGRATH

PROFITS have dived 72 per cent at real estate group McGrath (ASX:MEA) to $2.4 milllion on the back of low property...

Related News

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

THE National Broadband Network (NBN) is more than an internet connection, it is an opportunity to transform your b...

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter