St Vincent's Health Australia (SVHA) has been successful in the 2014 Aged Care Approvals Round (ACAR) announced on 4 December.
St Vincent's aged care services was allocated a total of 208 new residential aged care places for its developments in Bronte (8), New South Wales and Kew (120) and Werribee (80) in Victoria.
SVHA is building a 106-bed facility on the site of the former Loreto Home for the Aged in the Sydney suburb of Bronte, a 120-bed facility co-located with its Caritas Christi Hospice in Kew and an 80-bed facility co-located with the planned St Vincent's Private Hospital in Werribee.
SVHA's CEO Aged Care & Shared Services, John Leahy, says St Vincent's is committed to providing high quality havens of care for older people who are often the most vulnerable in our society.
"Our investment in new facilities and aged care beds is vital to meet the growing demand of an ageing population."
"Overall, competition for new residential aged care places was the strongest in several years and this is a great result for our aged care service and our dedicated team who live out our mission every day of providing compassionate and exceptional care to ageing communities," Mr Leahy says.
A total of 17,849 new aged care places were allocated across Australia in the latest ACAR comprising 11,196 residential aged care places and 6,653 home care places. These new places have an estimated annual recurrent funding value of over $833.6 million. In addition, $103 million in capital grants will be allocated to assist aged care providers to build new or improve existing residential aged care services.