The plan focusses on enhancing Calvary’s connected care model with a more strategic investment in the existing retirement living stock, maximising benefits for residents and ensuring a sustainable service that can continue to grow where there is unmet demand.

Calvary Health Care currently manages 17 retirement living villages, comprising 620 independent living units.

This portfolio is located across the country:

ACT and NSW: 372 units

Victoria: 139 units

Tasmania: 68 units

South Australia: 41 units.

In the last financial year, Calvary sold 114 units, driving occupancy levels up from 492 to 553 units across the entire portfolio, representing 12.4% growth. At the same time, it has uplifted its investment commitment, completing 47 refurbishments, compared to a much smaller investment of only ten refurbishments the previous year. This contributed to an average sales price growth of 11.6% across the portfolio.

Calvary’s Strategic Operations & Performance – Retirement Living, Mark Eagleston, said Calvary was seriously committed to addressing the growing demand for health care within retirement villages.

“To remain relevant and viable in this changing landscape of health and ageing, combined with policy changes and funding models, we have to innovate our service delivery and respond to the needs of those we provide care,” Mr Eagleston said.

“We have developed a structured approach to integrating retirement living within Calvary’s broader connected care model, meeting long-term sustainability objectives and aligning with Calvary’s mission.”

A key focus across the next three years will be to position Calvary’s retirement living offering as a leader in connected care, with plans to expand into geographical areas where Calvary’s other health care services exist and there is a growing demand for retirement living solutions.

“At Calvary, we are empowering our retirement village residents to live independently and thrive within vibrant, connected communities,” he said.

“To meet the demands of older Australians wanting to age in place, Calvary is enhancing its unique connected care offering of collocating many retirement living villages with residential aged care, as well as linking with the aged care services Calvary can provide in the home,” Mr Eagleston said.

“A key element of this has been ensuring that we deliver on strong commercial outcomes in our traditional retirement living environment, and reinvesting in mission-focused accommodation for seniors, including expanding our seniors rental living offerings.”

“We are simply embracing the opportunity to provide the people we care for with more choice, better access and equity, with compassionate and unique connected care,” he said.