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Lyndoch Living informed the community earlier in the year that it was pursuing a program of change that included:
With regard to quality care, Lyndoch Living continues to have its residential aged care facilities fully compliant to the aged care and quality standards.
In terms of Lyndoch’s financial position, the reduction in corporate costs and the execution of a range of financial turnaround strategies have assisted to improve the financial results as Lyndoch moves through the 2023-24 financial year. However, turning the tide on the financial position does require a multi- factorial approach.
“The viability of aged care facilities, particularly in rural areas is very challenging and requires a strong commitment to clinical services, and a reduction of non-clinical activity including the management of assets” explained Jill Davidson, Acting Chief Executive Officer.
Ms Davidson went on to say, “part of the financial turnaround strategy has been the decision to focus on service provision rather than ownership of buildings. We will continue to take up options to occupy a space in the primary care building for the purpose of delivering services where required. Our primary focus must be quality care to our residents and clients.”
Ms Sue Cassidy, Board Chair advised that the Board revised the primary care strategy and engaged an agent for the sale of the primary care building to a purchaser who will continue the legacy of providing health services to the community.
Lyndoch Chair Sue Cassidy said “the executive and staff are to be congratulated for the quality and financial improvement that has occurred this year.”
Ms Cassidy added that “the development of the Primary Health Care building has been an exceptional contribution to the primary care and business sector in Warrnambool and beyond. The opportunities offered to the wider business and health sector community are now available for sale via expressions of interest with JLL Australia and will close Thursday 23 November at 2pm.
