Apollo Care set to reach 1,200 aged care beds this year
The private operator currently has seven Not For Profit aged care homes across NSW and Queensland in its Alliance and is actively seeking to acquire more – including private and Government-owned facilities. “My goal is that by the end of the...
The private operator currently has seven Not For Profit aged care homes across NSW and Queensland in its Alliance and is actively seeking to acquire more – including private and Government-owned facilities.
“My goal is that by the end of the calendar year, we’ll be at 12 or 13 facilities,” says CEO Stephen Becsi OAM. “We’re happy to consider any struggling group or facility that would be a good fit for the Alliance.”
Even those that are currently making a profit are being drawn to Apollo’s operating model, he added.
“In the ideal world, we would keep saving organisations that are in trouble, but I can’t see an issue with acquiring organisations that just want to come into the Alliance,” said Stephen. “We’re also talking with some of the three-in-ten smaller providers that are still making a surplus, but with the sector reforming and consolidation happening, they know they can’t be on their own forever.”
The announcement follows news that Apollo Care has been named as a finalist in three categories of Ageing Asia’s 11th Asia Pacific Eldercare Innovation Awards 2023, with winners to be announced in May at the 14th Ageing Asia Innovation Forum in Singapore. Stephen has also accepted an invitation to join the board of Ageing Asia and present a keynote address at the Forum in May.
“We’re thrilled Apollo Care is being recognised nationally and regionally for its innovative operating and financial models,” he said.
The categories in which Apollo is a finalist are:
- Innovation of the Year – Productivity
- Operator of the Year – Residential Aged Care
- Innovation of the Year – Caregiver Model
Read more about Apollo’s strategy and growth in this week’s issue of SATURDAY – subscribe here.
