Changes at Rockpool HO flagged after Regis Aged Care acquisitions
Corporate roles at Rockpool could affected by the ASX-listed Regis Aged Care's acquisition of four homes, says CEO Melissa Argent. "The sale will not impact frontline roles, including nurses, carers, and support team members," she wrote. "However, a small number of corporate roles will be...
Some corporate roles at Rockpool will affected by the ASX-listed Regis Aged Care's acquisition of four of its aged care homes, says CEO Melissa Argent. "The sale will not impact frontline roles, including nurses, carers, and support team members," she wrote.
"However, a small number of corporate roles will be affected."
Proceeds from the sale of the homes to Regis, which equates to approximately $565,000 per bed factoring in RAD liabilities, will be used to help fund Rockpool's three ongoing developments, which will continue:
- Rockpool Hamilton Northshore, a six-storey, 153-bed $70 million facility, located 8km northeast of the Brisbane CBD, where construction is underway with the home expected to open mid-2026 (development cost approx. $458,000 per bed);
- Rockpool Kedron, a $60 million facility, 8km north of the Brisbane CBD, that is anticipated to begin construction in September, with plans to open in early 2027; and
- A new development at 26 Cougal Street, Southport, 73km south of Brisbane on the Gold Coast, which had a development application lodged with the Gold Coast Council in June.
“Construction will continue at Rockpool Northshore Hamilton and commence shortly at Rockpool Kedron," Melissa said. “This sale will allow Rockpool to focus its efforts on building even more beautiful, aged care homes.”
Rockpool was founded in 2016 by Bill Summers (pictured right), who established Ashmore Aged Care in the 1980s before going on to co-found Domain Aged Care in 2002, now known as Opal HealthCare, Australia's largest residential aged care operator.
