Senior Trust Steps Up Aged Care Strategy
Senior Trust has positioned itself for significant growth in the aged care element of senior living. As part of our growth strategy, we recently signed a Memorandum of Understanding with Radius Care Limited.
We have built strong relationships with premium senior living operators, who provide sound lending opportunities. This agreement provides the operators we lend to, the opportunity to offer an aged care solution working with a leading, reputable provider.
Radius Care extract from Chairman’s report to 2024 Annual General Meeting:
As our momentum with the Radius Way continues, we are looking to grow our adjacent offerings to further capitalise on our unique product and services.
To this end, we have signed a Memorandum of Understanding with Senior Trust. This is an exciting first step in our plan to provide care in new, purpose-built care facilities developed by Senior Trust clients under a leasehold arrangement for retirement village operators who require our specialist expertise.
This is expected to add up to 400 new beds over a 5-year period. The first two projects are being worked on at the moment.
In addition, we are exploring various opportunities to offer leasehold care to other large, aged care providers.
