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Regulator investigates Presbyterian Church of Queensland fund as $26m from investors frozen

Upgrades for aged-care facilities after commercial deal

Premium Content Subscriber only A Sydney-based aged care provider will be forming a commercial partnership with three facilities in Rockhampton and Maryborough, with the aim of investing in and redeveloping them. The three PresCare sites, Alexandra Gardens in Rockhampton, as well as Yaralla Lodge and Groundwater Place in Maryborough will be acquired by the new organisation. CEO Stephen Becsi said the partnership would allow organisations like the Presbyterian and Catholic churches to continue their mission within the age care facilities, but exit the industry as operators. Apollo Care will be investing in the operational and built form of these three aged care communities, while partnering with the Presbyterian Church to continue to provide the pastoral care and spiritual support that makes these sites special, he said.

Church-run hospitality firm goes bust

KITCHEN CLOSED A Presbyterian Church-run hospitality company that provided meals to the aged and hotel industry across Queensland has gone belly up. Contented Chef, owned by troubled aged care operator PresCare, was put into liquidation earlier this week adding to the financial woes of the church s various businesses. Contented Chef was a commercial kitchen cooking meals and ingredients for aged care homes, hotels, restaurants and convenience stores. Peter Lucas, of PA Lucas & Co, has been appointed to wind up the firm, which was established in 2015. Contented Chef is a subsidiary of PresCare s Credere Services Group, which in 2019 reported net liabilities of $24 million. Credere also sells mobility equipment and monitoring systems for aged care patients.

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