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Sarina Aged Care

Sarina Aged Care is a not for profit organisation operating in Sarina, Queensland since 1991.

As a small community owned provider, Sarina Aged Care had worked hard to provide excellent services and create a strong financial position.

However, in the light of legislative and regulatory changes and increasing residents with complex

care needs, the Board considered it was time to seek out a new owner.

They sought a reputable provider with the size and scale to deal with the growing demands of operating aged care facilities.

CBA guided Sarina Aged Care through the phases of an acquisition, from preparation to completion:

Requirements

  • CBA brought together a handpicked team of specialist consultants including HR, Finance, Legal, Clinical Placement and Communications to ensure seamless project collaboration and delivery
  • CBA led the whole process including initial and final due diligence as well as recommendations for preferred partner aligned to agreed assessment criteria, transfer agreement and implementation of communications
  • Initial steps included establishing a Steering Committee, developing assessment criteria for a suitable partner, preparing an Expression of Interest pack and researching possible acquisition partners
  • In addition, CBA provided on site HR and clinical placement support

Results

  • Sarina Aged Care transferred ownership to Ozcare from 1st July 2023 ensuring future access to high quality aged care services for the Sarina community
  • Ozcare was selected as the acquisition partner (from 6 potential providers) on the basis of its resources, aligned purpose and values, excellent reputation and experience with a similar, locally based facility
  • Safeguards remained in place to protect the tenure of all residents
  • All staff were made offers of continued employment under no less favorable conditions
  • Thanks to CBA’s seamless project management, the service continued with minimal disruption

“An extremely successful transition thanks to Community Business Australia. Their trusted guidance and support gave us – a small regional community provider – the confidence and resources to see this decision through. Community Business Australia provided us with a structured process and extensive support across strategy development and coordination; clinical compliance; workforce transition; financial analysis; legal compliance; and communications. Community Business Australia’s search for a new owner has been very proactive, thorough, and considered.”

“Although it was a difficult call, which involved much deliberation and care on our behalf, it was one we had to make to ensure long term, quality aged care access for our community. At the end of the process, we are assured that our hard work has paid off. Our commitment to the community can continue under the stewardship of Ozcare. We are immensely satisfied with our decision, and Community Business Australia’s expert guidance and the project outcome.”

Ralph Johnson – Board Chair