Yorkway Private investee company Prestige Inhome Care has completed its latest acquisition in sector.
Prestige, which claims to be the national leader in in-home care services, has acquired Omni-Care which provides services in Melbourne’s northern suburbs. Omni-Care staff and management will be retained by Prestige taking the company to over 200 support staff and more than 1,200 carers.
Geelong-based Prestige has grown largely by acquisition since its establishment in 2005. The company has sought to accelerate its rate of growth since accepting investment from Sydney-based growth capital firm Yorkway last year.
Mark O’Brien, an experienced chief executive with healthcare sector experience, took on the leadership of Prestige in November, succeeding co-founder Nick McDonald. Thea McCroary, McDonald’s sister, continues as chief operating officer. Wendy Barnett retains the role of general manager of the Omni-Care operations.
In October, Prestige took over management of Vision Australia’s Home Care Package clients after working with the blind and vision-impaired support organisation for a decade. Vision Australia’s case managers joined Prestige.
In a similar arrangement, Prestige has supported the exit from the aged care sector of Melbourne community organisation Mayflower.
Prestige now supports more than 3,000 clients across Melbourne, Geelong, the Mornington Peninsula, Sydney and the Sunshine Coast.
Further consolidation is expected in the in-home care sector as federal legislation will bring replacement of the current Home Care packages system with a new Support at Home program.
O’Brien said: “Prestige is one of the pioneering organisations that has firmly placed its commitment to ensuring more of Australia’s elderly population live in their homes. We are welcoming new clients, new team members and new opportunities, all while the sector undergoes some of the most significant macro-level changes in decades. Reform is driving higher expectations around quality, safety, compliance and transparency, and we welcome that. It is good for clients, good for families and good for the future of in-home aged care.”
O’Brien said the company has set itself ambitious growth targets including the introduction of new technologies and services, all designed around the needs of clients and their families.
Image: Prestige chief operating officer Thea McCroary, Omni-Care general manager Wendy Barnett and Prestige general manager, strategic projects, Anthony Goldman.